Federal
and state laws govern residential real estate transactions. Many home sellers
hire real estate brokers to market their property, signing a listing agreement
outlining their relationship. The broker may have exclusive rights to sell the
property, or may only earn a commission if they find a buyer. The seller must
have proof of title to the property. A title insurance company will generally
be hired to research and confirm title ownership. Because home ownership is the
biggest investment most people make, you need to support every transaction with
written documents.
The
Federal Fair Housing Act outlaws discrimination in housing based on race,
religion, gender, family status, disability, national origin, or color. The act
applies to sales, rentals, and housing finance agreements. Residential real
estate lawyers can make sure your rights are protected.
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