Real estate law in Spirit Lake is a set of rules and regulations which pertains to transactions of residential and commercial properties in Spirit Lake. There are mainly three parties involved in real estate transactions; they are the buyer, seller and the real estate broker or agent. The real estate brokers act as an intermediary between the buyer and the seller and he receives a commission from both the parties on a successful deal. The lawyer should be experienced in environment and construction law. Hence, while hiring a lawyer, these points should be noted. The core job of a lawyer hired by the client (who is the buyer) is to assist the client in understanding the contract, prepare the legal documents, assist in getting an insurance policy to avoid any losses arising out of the deal, and ensuring a valid ownership of the property. The responsibilities of the lawyer hired by the seller are to arrange for the transfer of the property, prepare sales agreement, etc.
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