NEED A REALTOR?
WORK WITH A REALTOR WHO IS ALSO A REAL ESTATE ATTORNEY
It is absolutely critical for you to know that unlike home buyers and home sellers who enjoy consumer protections, commercial buyers and sellers are not afforded the same legal protections. This is because the courts view commercial buyers and sellers as “sophisticated” parties, whether individual or business entities, who are presumed to have access to information, access and representation by counsel, resources to mitigate risks, and a certain set of experiences which in turn make it less likely for them to establish a defense rooted in mistake of fact versus fraud. As such, commercial buyers and sellers are wise to work with an experienced commercial real estate professional in order to mitigate their exposure to risk.
In fact, it is worth mentioning that although there are many similar concepts between commercial and residential real estate transactions, there are significant differences between them, too. When compared against one another, it becomes clear that commercial transactions can have serious legal implications that make working with an agent who is also an attorney incredibly desirable and a wise decision. For example, if you are interested in purchasing or leasing a commercial building, you will need to, at a minimum, consult with an attorney to verify that the location of the property is properly zoned for your specific type of business. Alternatively, when a homebuyer is purchasing a property, they will usually use the home for the purpose for which it was intended: a residence.
Also, due to the legal and business implications rooted within commercial real estate transactions, many residential real estate agents are not equipped with the tools and knowledge needed to successfully close a commercial real estate transaction. As such, since most real estate agents are not also attorneys, they are not going to worry about the legal “what if’s” that can riddle commercial real estate transactions. This is why it is so important to work with an agent who understands the legal and business implications of commercial transactions in order to get the deal done right the first time rather than having to wait until you are embroiled in an expensive lawsuit.
NEED EVEN MORE REASONS AS TO WHY YOU SHOULD WORK WITH AN AGENT WHO IS ALSO A REAL ESTATE ATTORNEY?
Did you know that lawyers are the ONLY professionals who by virtue of their law license are exempt from taking any additional training to become a real estate agent? In fact, the only time when an attorney must get their real estate license is if they want to advertise that they offer this service to clients and when they conduct more than a handful of transactions a year.
Why? You May Ask
Think of it like this, in order to become an attorney in Maryland, other than needing to have successfully completed a bachelor’s degree at a four-year university, a prospective lawyer must also apply for and be admitted to an accredited law school. Then, they must amass a whopping 90 credits over three to four years, depending on whether or not they also worked full time while going to law school in the evening. Then, the prospective attorney must devote an entire semester (three-months) of just one course to different areas of law that specifically apply to the real estate industry. These include areas such as contracts, real property, construction, probate, trusts, mediation, negotiation, family disputes, and estates. Then, in one of the most grueling and pressurized examinations across our land, a prospective attorney must sit for and pass the bar examination, consisting of twelve hours of testing over two consecutive days.
On the other hand, an agent must only have a high school diploma in order to apply to become an agent. Upon doing so, an individual must only take a 60-hour course (which typically lasts for one month). Upon completion of the course, the individual must sit for and pass the real estate salespersons’ examination. The examination is a mere ninety minutes in length for the state portion. With this relatively short procedure, a real estate agent is born.
CLEARLY, THE DIFFERENCE IN EDUCATION ALONE IS WHY MORE AND MORE SAVVY CONSUMERS ARE CHOOSING TO WORK WITH AGENTS WHO ARE ALSO LICENSED LAWYERS. ALLOW THIS A FORMIDABLE COMBINATION TO WORK FOR YOU.
If the difference in education is not enough to persuade you as to why you, too, should consider working with Saman Saba, Esq. on the next purchase or sale of your property, then download the following guide, “The Hidden Benefits Of Working With An Agent Who Is Also An Attorney.” This guide highlights ALL the advantages that commercial and residential buyers and sellers can receive from working with Saman Saba, Esq.
By working with Ms. Saba, you will also be able to enjoy her vast network of top attorneys throughout the Baltimore Washington metropolitan area. These attorneys will further help ensure that all of your legal concerns, as they relate to the purchase or sale of your property, are properly and fully addressed.
Do not miss your chance at learning more about these hidden benefits.
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