Welcome to New York Real Estate Lawyer.
If you need a real estate attorney in New York or need legal assistance
call us now at: 718-858-3100
New York City Real Estate Lawyers Help With Following Areas:
- NY Commercial Leases
- Inspection of Commercial Property
- Commercial Building Sales
- Office Lease Contracts
- Property Management
- Real Estate Mortgages
- New York Deeds
- Commercial Property Land
- New Construction Contracts
- Property Disputes
- Zoning Laws
- Land Development
How Real Estate Agents Are Paid
Real estate buyer agents get paid on commission, not salary and get the commission only after the contract is agree upon and all transaction are complete. Under the typical arrangement, the seller pays the commission to the real estate agent and the agent’s services are free to the buyer.
Items and conditions that are often included in the purchase offer include:
- Description, legal and common, of the property
- Purchase price
- Earnest money
- Features and fixtures which are to remain
- Home inspection results
- Anticipated financing
- Closing date
- Obtaining clear title to the property
- Clean inspection report
Question: What good is title insurance?
Answer: A title search and the issuance of title insurance means the rightful owner of the property can be cleanly conveyed to the new owners. During the search, the history of the property is researched verifying that all previous claims or liens have been satisfied, allowing a clear title to be issued.
If any claim is overlooked, the title insurance protects the owner from the claim. Remember that if it's not in writing on a real estate deal, it's not enforceable.
Contact New York real estate lawyers from the law firm of Weinstein, Chase, Messinger and Peters, P.C.,
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