It can be quite confusing to understand the difference between a real estate lawyer and a real estate salesperson, especially when it comes to how they can assist you. There are similarities between what these two professionals can do. However, there are also duties that are performed by one and are not within the scope of the other. Read on to find out the difference between a real estate lawyer and a real estate salesperson.

The Role of a Real Estate Salesperson

The job of a real estate salesperson is to meet with clients and interview them to understand their needs. Because of their experience and knowledge, the real estate salesperson understands what the client is looking for, and they find a property that suits the client's needs. They also understand current pricing trends, like how in 2021, according to Fit Small Business, the price of newly listed homes has climbed 32.6%. They also arrange property showings, and they help with paperwork and files needed to complete real estate transactions. Apart from that, a real estate salesperson can also help with tasks like the hiring of inspections and the drafting of real estate contracts. Basically, the real estate salesperson provides the support needed by clients at various stages of the property buying process.

The Role of a Real Estate Attorney

The property buying process also involves several legal processes. This is where a real estate attorney comes in. They help their clients navigate the legal landscape when acquiring properties. It's important to understand that when it comes to real estate deals, there are a variety of regulations and laws involved, and they differ from one state to another. This is why you need to work with a real estate attorney. In fact, in some areas, there are some documents and files that can only be prepared by a real estate attorney. Unlike real estate salespeople, attorneys charge by the hour. This means that they don't wait to receive a commission after the sale is complete like what a real estate salesperson does.

Duties that Can Only Be Performed by a Real Estate Attorney

A real estate attorney can answer a lot of complex legal questions surrounding real estate deals. They can therefore help you understand the many documents that you need to sign before you place your signature on them. There are a lot of legal terms involved when dealing with real estate contractors and mortgage documents. A real estate lawyer can also explain your options when it comes to decision-making during the buying or selling processes. There is always a risk that you can lose some money during these processes. A real estate attorney can offer you advice and prevent that from happening. Lastly, an attorney can also protect you at closing. They can go over your contracts and identify any problems before you sign.

Both the real estate lawyer and the real estate salesperson are important pieces of the puzzle when it comes to acquiring properties. It's crucial to work with both professionals so you can ensure that your deals go smoothly. An attorney is especially important when it comes to reviewing contracts, files, and documents that you need to process when buying or selling properties.