What does a Real Estate Paralegal do?
Published 4 min read
A real estate paralegal is responsible for assisting lawyers with all aspects of real estate transactions, from the initial client interview to the closing. They must be able to understand and explain complex legal documents, and have strong research and writing skills. In addition, real estate paralegals must be detail-oriented and organized, as they are often responsible for managing multiple deadlines.
Real Estate Paralegal job duties include:
- Review and prepare real estate documents, including sales contracts, deeds, and leases
- Communicate with clients, real estate agents, and other parties involved in real estate transactions
- Coordinate closings and ensure that all necessary documents are signed and filed
- Prepare title reports and conduct title searches
- Manage escrow accounts and disburse funds at closing
- Monitor deadlines and schedule appointments for real estate inspections and appraisals
- Keep clients updated on the status of their transactions
- Respond to inquiries from clients, real estate agents, lenders, and others
- Prepare real estate tax returns and handle other administrative tasks
Real Estate Paralegal Job Requirements
A real estate paralegal is someone who assists lawyers with all aspects of real estate transactions, from purchase to sale. A successful real estate paralegal will have a minimum of an Associate's degree in paralegal studies, although a Bachelor's degree is preferred. In addition, certification from the National Association of Legal Assistants (NALA) is also preferred. Finally, a real estate paralegal should have at least 2 years of experience working in a law firm or real estate office.
Real Estate Paralegal Skills
- Communication
- Organization
- Writing
- Research
- Negotiation
- Client Interaction
- Contract Review
- Closing Coordination
- Title Searches
- Escrow Management
- Mortgage Documentation
Related: Top Real Estate Paralegal Skills: Definition and Examples
How to become a Real Estate Paralegal
A real estate paralegal is a professional who provides support to lawyers and helps with the legal aspects of buying and selling property. If you are interested in becoming a real estate paralegal, here are some steps you can take to get started:
1. Get a degree or certificate in paralegal studies. While you do not need to have a law degree to be a paralegal, completing a paralegal program will give you the skills and knowledge you need to be successful in this field.
2. Consider specializing in real estate law. Many paralegals choose to specialize in one area of law, and real estate law is a popular option. Specializing will make you more attractive to potential employers who are looking for someone with specific expertise.
3. Join a professional organization. There are several organizations for paralegals, such as the National Association of Legal Assistants (NALA) or the American Association for Paralegal Education (AAfPE). Joining one of these organizations will give you access to resources and networking opportunities that can help you in your career.
4. Get experience. Once you have completed your education and/or specialized training, start seeking out opportunities to gain experience in the field. This can include internships, volunteering, or working as a contract paralegal for a law firm or other organization that deals with real estate law.
5. Stay up-to-date on industry trends and developments. The field of real estate law is constantly changing, so it’s important to stay abreast of new laws and regulations. One way to do this is by reading industry publications or taking continuing education courses related to real estate law.
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