Job Title: Real Estate Paralegal
Job Responsibilities:
- Transaction Support: The Real Estate Paralegal will assist attorneys in drafting, reviewing, and negotiating various real estate documents. These include purchase agreements, leases, mortgage documents, closing documents, and title reports. This responsibility ensures that all legal documentation is prepared accurately and is in compliance with relevant laws and regulations.
- Due Diligence: The role involves conducting title and lien searches, reviewing property documents, and preparing due diligence reports for real estate transactions. This is crucial for identifying any potential legal issues or encumbrances associated with properties.
- Closing Coordination: The paralegal will prepare and organize closing documents and assist in coordinating and executing real estate closings. This involves ensuring that all paperwork is complete and in order, facilitating a smooth transaction process.
- Legal Research: Conducting research on New York City and state real estate laws, regulations, zoning, land use, and related matters is a key part of the role. This research supports various transactions and ensures compliance with legal standards.
- Communication: The paralegal will liaise with clients, real estate brokers, title companies, governmental agencies, and other third parties. This responsibility is essential for facilitating transaction progress and resolving any issues that may arise.
- Document Management: Maintaining and organizing both electronic and physical files for real estate transactions is a critical task. The paralegal must ensure that all documents are accurate and properly filed for future reference.
- Administrative Support: The paralegal will assist attorneys with administrative tasks, which include scheduling meetings, drafting correspondence, and managing calendars related to real estate matters. This support helps in maintaining an organized workflow.
Education and Experience Information:
- Education: A paralegal certificate from an accredited program is preferred. However, a bachelor’s degree or equivalent work experience is also acceptable.
- Experience: A minimum of 3 years of experience as a real estate paralegal is required, with a focus on residential or commercial transactions. Experience in New York real estate law is highly preferred, given the specific legal landscape of the region.
Salary Information:
- The compensation package for the Real Estate Paralegal position at the law firm ranges from $65,000 to $85,000 annually, depending on experience. This generous package reflects the importance of the role and the expertise required.
- Additional Benefits: The position offers a variety of benefits, including 401(k) and 401(k) matching, health insurance, flexible scheduling, and paid time off. Employees also receive 3 weeks of vacation after 2 years of employment, contributing to a healthy work-life balance.
Overall, the Real Estate Paralegal role at the law firm offers an excellent opportunity for individuals with significant experience in real estate transactions, particularly in New York. The role requires a blend of legal expertise, organizational skills, and effective communication, all within a flexible and supportive work environment.
