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The Job Functions and profile of a Real Estate Attorney

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In every society, law plays an important role in everything from purchasing a house to divorcing a spouse. Lawyers play a critical role in upholding the laws of society. Of course, the job descriptions of lawyers vary considerably from one lawyer to another depending on the given attorney's field of specialization. One major area of specialization is real estate law. Lawyers that specialize in this field are called real estate attorneys. The sections that follow explain what a career as a real estate attorney is like.

Duties and Responsibilities of a Real Estate Attorney

Anyone who intends to venture into real estate would be wise to retain the services of a real estate attorney. A real estate attorney prepares files for income and estate tax returns, helping the given client with the process of paying off debts and determining who owes the client money. Apart from that, the real estate attorney's job is to assess all income and estate tax liabilities. He or she should be able to file all necessary documents, such as lease agreements, with the relevant governmental bodies, while also accounting for all the expenses of administering of the estate until it is sold. Investing all of a client's assets until they can be distributed to his or her beneficiaries is another part of the real estate attorney's job. Real estate attorneys distribute inheritance to beneficiaries and manage any trust agreements. A real estate attorney's job is to administer the trust without partiality for the sake of the beneficiaries.

Job Opportunities

Because of the large number of law students graduating every year, only those students from reputable law schools with very high academic records have a real chance at securing jobs in the highly competitive field of real estate law. Most of the job opportunities are also affected by economic trends. When there is an economic downturn, the use of legal services for planning estates, drafting wills, and handling real estate transactions are likely to decline as well. This tends to last until there is a reverse in the economic trend.

Since lawyers can be self-employed, starting a new practice is sometimes considered the best option when jobs are hard to come by. This has a better chance of succeeding if it can be done in smaller towns or growing suburban areas, for the simple reason that there is less competition from bigger law firms than if one is to start it in major cities where those big firms have a stranglehold. The other advantage for a real estate attorney in suburban areas is that there is usually a lot of room for real estate developers who will need real estate attorneys in the long run to handle the legal aspects of their businesses.

Interested in these kinds of jobs? Click here to find Real Estate jobs.

Qualifications

It takes seven years of nonstop studying once one is through with high school to become a lawyer. Applicants to law schools have to be holders of at least a bachelor's degree in order to be considered for admission. Anyone who wants to become a lawyer should be fluent in speaking and writing, logical thinking, researching, and analyzing. Other important subjects that are relevant to legal training include economics, foreign languages, philosophy, public speaking, and computer science. All are vital for any prospective lawyer. Of course, those wishing to become real estate attorneys must pursue specific subjects that are relevant to real estate.

Salaries for Real Estate Attorneys

Attorneys' salaries are not uniform. They are determined by the type, location, and size of the given attorney's employer. Attorneys who are self-employed typically earn less than those working in law firms. Generally speaking, however, a career in law is likely to pay very well.

Interested in these kinds of jobs? Click here to find Real Estate jobs.


About Harrison Barnes
Harrison Barnes is the Founder of LawCrossing and an internationally recognized expert in attorney search and placement. Harrison is extremely committed to and passionate about the profession of legal placement.Harrison’s writings about attorney careers and placement attract millions of reads each year.LawCrossing has been ranked on the Inc. 500 twice. For more information, please visit Harrison Barnes’ bio.
About LawCrossing
LawCrossing has gotten tens of thousands of attorneys jobs and has been the leading legal job board in the United States for almost two decades. LawCrossing helps attorneys to dramatically improve their careers by locating every legal job opening in the market. Unlike other job sites, LawCrossing consolidates every job in the legal market and posts jobs regardless of whether or not an employer is paying. LawCrossing takes your legal career seriously and understands the legal profession. For more information, please visit www.LawCrossing.com.



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