What are the steps for a real estate closing in your state

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Reference no: EM133805618

Assignment: Real Estate Closing

States take a variety of approaches to attorney involvement in real estate closings, settlements, and refinancing. Whether an attorney must be present at a closing is typically a question of whether a non-attorney conducting a closing would be engaged in the unauthorized practice of law. While there is no universal definition of what constitutes the practice of law, most states define the practice of law to include giving advice in matters relating to clients' legal rights or responsibilities, drafting legal documents, and representing clients before a court or similar body.

First research your state's closing process and research your state law/bar regulation on this subject. You may complete this research at the Library, online, your local Bar Association, your local Realtor Association or even interview an attorney that is licensed in your state. In your post, please address the following in detail:

A. What are the steps for a real estate closing in your state?

B. Is an attorney required to be a part of the closing? Get the instant assignment help.

C. If so, what is their part in the closing? Who do they represent, what are their duties and what types of costs are associated with their participation?

D. Do you agree with your state's closing process? Is there anything that might be improved upon or changed in your view?

E. Optional: If you have purchased real estate before, feel free to share your experiences with the class!

F. Don't forget to tell us where you conducted your research.

Reference no: EM133805618

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