Orlando Area Attorneys and Licensed Real Estate Brokers
Florida Real Estate Information Real Estate - Closings - Deeds - Leasing
The State of Florida has a myriad of federal and state laws, regulations, statutes, ordinances, and other public policies that dictate how people buy and sell commercial and residential real estate.
These laws affect virtually each step of a Florida real estate transaction:
- Purchasing a property
- Selling commercial or residential real estate
- Estimating and paying property taxes
- Financing a property via loan or mortgage
- Property development and construction
- Property management, renting, and leasing
Buying and selling real estate is more complex––not to mention riskier––than purchasing something like an SUV or a speed boat. An experienced real estate attorney will help you sort through each decision and negotiation involved in even the most complex real estate transaction, smoothing out the process and saving you money and legal headaches in the long run.
Real Estate - Business Planning - Estate Planning - Securities
If you need knowledgeable representation in legal matters related to any kind of residential or commercial real estate property, please contact Pierce & Associates, P.L. in Orlando, Florida.
Our firm was founded by Florida real estate broker and attorney John G. “Jerry” Pierce, so our staff is fully trained and ready to provide comprehensive real estate legal service to people in Central Florida, including like-kind exchanges under §1031 of the Internal Revenue Code, the review of complex commercial leases and property sales, and assistance for buyers and sellers of homes and businesses.
Florida Real Estate Laws
Floridians are subject to federal and state real estate laws as well as regulations that vary from county to county. These laws encompass everything from ownership of land and buildings to transaction and development issues such as financing, leasing, construction, taxes, and environmental regulations.
A competent and experienced real estate attorney, like those at Pierce & Associates, P.L. in Orlando, Florida, can serve your interests in both routine and complex transactions and disputes related to real estate, explain which laws affect you, and ensure that your real estate transaction is smooth and error-free.
Glossary of Real Estate Topics
Real estate law is line after line of legalese, which can easily intimidate first-time home buyers. An experienced real estate lawyer has the power to demystify the process, fully explaining the law to prospective homeowners so they understand the terms and concepts involved real estate transactions.
Sellers often choose to have a real estate broker solicit potential buyers for a piece of property. The seller and the broker sign a listing agreement, which obligates the broker to find a buyer and obligates the seller to pay the broker's commission from the resulting sale.
Buyers also choose to have a real estate broker seek out suitable property for purchase. The State of Florida subjects real estate brokers and realtors to rigorous licensing standards. Real estate agents have certain legal duties to the person who hired him or her.
Not all real estate agents are brokers. In a Florida real estate office, a licensed broker functions like a doctor, and licensed agents are like nurses. No real estate office can function without a broker, who is ultimately legally responsible for all real estate transactions conducted in his or her office.
A deed is a small piece of paper that has big legal implications, because it transfers ownership of real property. No ownership transfer transaction is finished until the deed is delivered to the buyer. The deed includes the names of the buyer and seller and the property's legal description. It is signed by the person transferring the property and may make that person responsible to the buyer for other claims against or conditions on the property. A deed should be reviewed by a reputable real estate attorney to ensure that it is accurate and properly executed.
Several stressful details often go into the purchase of a house. An independent home inspector can give a buyer a complete picture of the true condition of the property he or she is considering for purchase. Most houses aren’t perfect. The inspector's detailed report is an unbiased evaluation of what areas need work now and what will probably need work in the future. Once you obtain the inspection report on a property, review the results with an experienced real estate attorney who can determine how to best negotiate your real estate purchase.
What to Expect at ClosingA closing, or settlement, is the meeting during which ownership of the property is officially transferred from the seller to the buyer. The buyer and the seller, their attorneys, both real estate sales professionals, a representative of the lender, and the closing agent typically attend the closing. The closing is an opportunity for all parties to settle any open issues, balance and verify a closing statement, and sign all documents necessary to complete the sale of the property. An attorney with experience at real estate closings will attend the closing with you to ensure that your rights are protected.
Real Estate Law Resource Links
U.S. Department of Housing
This general site for the U.S. Department of Housing and Urban Development contains information on homes and communities.
National Association of Realtors®
This Web site of the National Association of Realtors® contains information about the real estate industry, including a section on real estate law and polic
Yahoo! Real Estate
This site includes numerous real estate related resources, including links to information about buying, selling, financing, and improving real property.