Real estate business is nowadays getting fame and more and more people are getting involved in buying or selling property. Buying and selling a property is not as simple as it seems. There are so many complexities and legal work required to reach a successful deal. Real estate lawyers play an important role here. They help their clients in locating a right house, assisting them with price negotiations and much more.To keep all the things in order, it is important to keep an eye on the whole legal process involved in transactions. A real estate attorney needs to be well versed about the real estate law and business, have closer looks of the matter and should have strong organizational skills.1. The first step involve in becoming a lawyer is to obtain your Bachelor’s degree. Although, there is no mention of studying any particular course to become a lawyer, it is beneficial if you opt for business education. It is almost prerequisite to have a bachelor’s degree of most of the schools. Make sure your GPA must be above average.2. It is important to choose a law school that is approved by American Bar Association (ABA). There are almost 199 approved law schools and choosing from them often become confusing. It is better to shortlist few from that list and obtain information about their admission requirements, fees and curriculum. Take help from pre-law advisor for some quick advice.3. Another prerequisite to get into a law school is to clear the LSAT test with good score. You have to prepare well for securing good score in the test. There are LSAT preparation courses which you can take to ensure good results in the test.4. Make sure that you have all the required documents ready with you such as school records, LSAT scores, letter of recommendations, your resume etc. you have to submit them online at the School Administration Council’s website (wwwdotlsacdotorg/).5. Generally, schools have high tuition fees and it is not possible for everyone to manage the expenses of schools easily. Here you have to options to cope with this problem. Firstly, if you have a good educational background, you can go for financial aid in the form of grants or scholarships from your school. Secondly, you can get federal or private loan to pay the fees at your school.6. It will take three years to complete your school. In these three years, you have to work really hard. Law is not easy; it demands high level of commitment, hard work and devotion. Never take your law studies easy at any time of your school. If you want to become a good lawyer, take it seriously.7. Bar exam is the last step between you and your law practice. It is quite a tough exam and you have to prepare for it really well. Once you have passed the exam, you will get a license and ready to practice law as a real estate lawyer.
I am not going to go into any real estate laws in particular as I really want to discuss the importance of having a good lawyer on your team. Every real estate transaction is different and you need someone to protect your interest and help you to navigate threw all the complex terms and clauses.A good lawyer is key. They can advise you on what repairs need to be disclosed to the buyer. They can also help with the closing and make sure you do not make any careless errors in judgment.If you ever want to get into investing you will need a great lawyer on your team. I can not tell you the number of times I have had real estate agents tell me you can not do that, only to find out they did not understand the strategy and in a moment of confusion screamed “hit the breaks”. As an investor you have a lot more flexibility and leeway.Usually the buyer’s lawyer will advise them to get a property inspection. This is going to include the entire property especially your roof and basement. The last thing you want is to sell your house and get sued.You do not want to be in a scenario where you had your property sold and you purchased another property only to have your original property returned due to contract breaches or litigation issues such as disclosure.I always tell people do not think of the money the lawyer is costing you, rather think of the potentially millions of dollars they are saving you in litigation.