Experience Even if this is not your first real estate purchase, your real estate attorney has gone through this process more times than you ever will in a lifetime. They have the institutional knowledge of working daily in the industry and have the local and state laws. It’s important to have the legal support to mitigate any risks that could delay, if not jeopardize, your real estate purchase. Closing There are many moving parts to the closing process, including the mortgage, title insurance, the deed and final inspection. Hiring a lawyer to review, adjust and prepare all closing documents–and ensure they are protecting you and your assets–can be reassuring.
STEP 6: ENGAGE A BUYER'S REAL ES UYER'S REAL ESTATE AGENT
The terms real estate agent and REALTOR® are often used interchangeably, but they aren’t the same thing. A real estate agent is an individual who’s licensed to help you buy or sell a property. A REALTOR® is a real estate agent who’s an active member of the National Association of Realtors (NAR). The NAR is the largest trade organization in the United States. A buyer's agent is a real estate professional who represents your interest as the purchaser in the transaction. Most residential real estate agents represent both buyers and sellers but not typically at the same time. Having the listing agent represent you as a buyer is an example of dual agency which can create a potential conflict of interest and is illegal in some states. As of August 2024, a t 2024, an agreement went into effect regarding how commissions to buyer's are negotiated and paid.
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