Tal Rappleyea is a real estate lawyer in New York state. Tal explains the basics of real estate law in this presentation.

1. REAL ESTATE LAW?
WHAT IS
T A L R A P P L E Y E A

2. WHEN YOU THINK OF REAL ESTATE, YOU
MAY THINK OF REAL ESTATE AGENT WHO
SELLS PROPERTY TO INDIVIDUALS WHO ARE
LOOKING TO OWN A HOME. BUT DID YOU
KNOW THAT REAL ESTATE AGENTS ARE
MONITORED AND LICENSED THROUGH REAL
ESTATE LAWS?

3. FOR EXAMPLE, WHEN A HOME IS UP FOR SALE, THE
SELLER AND THE REAL ESTATE AGENT BOTH SIGN A
CONTRACTUAL DOCUMENT KNOWN AS A LISTING
AGREEMENT, WHICH GRANTS THE AGENT AUTHORITY TO
ACT AS THE POINT OF CONTACT IN THE SALE OF THE
HOME. THESE TRANSACTIONS ARE THEN FILTERED
THROUGH FEDERAL REGULATIONS AND STATE
ORDINANCES, WHICH ARE KNOWN AS REAL ESTATE LAW.

4. S O , W H A T I S R E A L
E S T A T E L A W ?

5. R E A L E S T A T E L A W
OUTLINES THE RIGHTS AND INTERESTS OF
PROPERTY AND PROVIDES PROTECTIONS
FOR BUYERS, SELLERS, LAND OWNERS,
DEVELOPERS, CONTRACTORS, AND REAL
ESTATE AGENTS. THERE ARE BOTH LOCAL
AND NATIONAL LAWS THAT ENSURE REAL
ESTATE TRANSACTIONS ARE PROPERLY
PERFORMED AND RECORDED.

6. R E A L E S T A T E L A W
SOME ISSUES THAT FALL UNDER REAL
ESTATE LAW INCLUDE:
THE SALE AND PURCHASE OF PROPERTY
LEASING AND OTHER TRANSFERS OF
PROPERTY
TITLES TO PROPERTY
SETTLEMENT OF CLAIMS AGAINST PROPERTY
RIGHTS
LANDLORD-TENANT AND OWNER-
COMMUNITY ISSUES
PROPERTY DEVELOPMENT, ZONING, AND
LAND USE
AGRICULTURE ISSUES AND COMPLIANCE
WITH ENVIRONMENTAL LAWS
FINANCING, INVESTMENTS, MORTGAGES
AND FORECLOSURES

7. T H E R E A R E T W O T Y P E S
O F R E A L E S T A T E
TO KEEP IN MIND, AND EACH TYPE HAS A
DIFFERENT SET OF LAWS AND PROVISIONS
THAT GO ALONG WITH IT.
COMMERCIAL REAL ESTATE: PROPERTY FOR
COMMERCIAL USE, SUCH AS RESTAURANTS,
SHOPPING COMPLEXES AND OFFICE BUILDINGS.
THESE PIECES OF REAL ESTATE MAY BE OWNED BY
ONE PERSON, THEN LEASED TO ANOTHER.
RESIDENTIAL REAL ESTATE: PROPERTY FOR LIVING,
SUCH AS NEIGHBORHOODS, APARTMENT BUILDINGS,
OR RETIREMENT COMMUNITIES. THESE PIECES OF
REAL ESTATE MAY ALSO BE OWNED BY ONE PERSON,
THEN LEASED TO ANOTHER.

8. N O T O N L Y C A N R E A L
E S T A T E L A W V A R Y B Y
T H E T Y P E
OF REAL ESTATE INVOLVED, BUT IT CAN
VARY BUT STATE AS WELL. FOR EXAMPLE,
IN MY HOME STATE OF NEW YORK, THERE
IS A MORTGAGE RECORDING TAX WHEN
AN INDIVIDUAL BUYS A HOME AND TAKES
OUT A MORTGAGE. BUT NEW JERSEY, THE
STATE NEXT DOOR, DOES NOT REQUIRE
BUYERS TO PAY A MORTGAGE RECORDING
TAX. AND IN STATES THAT DO HAVE A
MORTGAGE RECORDING TAX, THE RATES
CAN VARY AS WELL.

9. BECAUSE REAL ESTATE LAWS ARE
COMPLEX AND FREQUENTLY VARY, REAL
ESTATE LAWYERS CAN ASSIST
INDIVIDUALS THROUGH THE
COMPLICATED PROCESS OF BUYING AND
SELLING PROPERTY. THEY CAN DOCUMENT
AND REVIEW REAL ESTATE
TRANSACTIONS, RESOLVE TITLE
INSURANCE AND ENVIRONMENTAL
ISSUES, NEGOTIATE ON YOUR BEHALF AND
MORE.

10. T A L R A P P L E Y E A I S A
L I C E N S E D R E A L E S T A T E
A N D M U N I C I P A L L A W Y E R
B A S E D I N N E W Y O R K
S T A T E .
W W W . T A L R A P P L E Y E A . N E T