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Career Story: Real Estate Attorney

Real Estate Attorney

Job Title: Attorney

Type of Company: Real Estate Law

Education: JD (law degree)

Previous Experience: I started as an associate with a solo practicer before starting my own firm.

Job Tasks: I am a real estate attorney. I have practiced real estate law for over fifteen years. The vast majority of my work is transactional work. We do between 65 to 80 closings a month. There are two attorneys in my firm. My firm does residential and commercial. My clients are banks, builders, developers and home buyers. I do new home purchases, refinances, commercial property purchases, lot take downs and construction loans.

I spend on average of five hours per on each closing. The process starts with a review of the contract. Then I order a title search to be done on the property. This is typically done by my paralegal. I review the title work make sure title is clear. I then order a title insurance binder. I may or may not order a survey depending on the wishes of the client. Payoffs are ordered. Insurance put in place. I have to work with realtors and lenders to gather information needed for the closing. Lender packages are sent and prepared. The client sets an appointment and comes in to close. The lender documents are explained and executed. The legal documents are taken to the Register of Deeds for recording. The loan is disbursed and I make payments to all parties. I then ship the package back to the lender. Follow through to make sure all the liens that were paid off are cancelled.

Best and Worst Parts of the Job: The best part is the relationship that develop over years. I have banker and realtors I have worked with on a regular basis for years. I also meet a large number of people in my community.

The worst would be the urgency and time factor. I am dependant on others to get me what I need and everything is last minute. It is hard for me to plan anything as my calendar constantly changes. The liability is another negative aspect. One error could be costly.

Job Tips:
1. There is a lot of drafting involved so courses that help with writing would be helpful.

2. It is important to develop networks. Develop relationships with people that can refer you business.

3. It is very detail oriented business.

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