In a real estate transaction, the rights to a piece of property are transferred from one party to another. The body of legislation governing these dealings is extensive and complicated, including both far-reaching federal statutes and local laws that differ from one state to the next. Whether you’re buying your first home or looking to invest in a commercial property, you should consult with a local attorney before undertaking a real estate transaction.

When conducting a real estate transaction, you’ll work with a broker or salesperson. They are employed as an agent of the person buying or selling a property; the contract drawn up between the two parties is called a listing agreement. Licensed brokers and salespersons help consumers who want to buy, sell, lease, or exchange real property. Their services include basic evaluations and advertising, negotiating purchases, drawing up sale or lease agreements, and maintaining escrow accounts.

You should also have a real estate attorney review any paperwork related to a real estate transaction before signing. A local legal professional will know the laws and guidelines of your state, and thus, can ensure you aren’t being led astray. Legislation related to real estate transactions includes laws on everything from contracts to fraud. For instance, sellers must prove they actually own the property for sale by providing the relevant title. An attorney should sign off on this paperwork.

Need legal help with a real estate transaction in Massachusetts? Look to Bernardini Law P.C. in North Andover. This law firm helps clients throughout the state with everything from drafting purchase and sales agreements to closing deals. Christine Bernardini and her team are known for the personalized attention they give each client. You can find out more via their Facebook page. To contact them directly regarding your needs, call (978) 794-5525.