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Real Estate Lawyer Salary: What Are The Responsibilities Of An Real Estate Lawyer? A Detailed Overview

What Is Real Estate Lawyer Salary? What Are The Responsibilities Of An Real Estate Lawyer? A Detailed Overview:

The median annual salary for all lawyers is $115,820 as of May 2008. The middle 50 percent of lawyers made between $86,490 and $138,880 in that same year. The bottom 10 percent earned less than $47,660, and the top 10 percent earned more than $187,200.

In three years, the median salary for lawyers rose from $113,880 to $115,820 while the lower 10 percent declined from an annual income of $39,950, and the upper 90 percent grew from a median salary of $141,040 to a median of $143,030.

The starting salary of real estate lawyer:

The starting salary for a real estate lawyer varies depending on where they choose to work. An actual property attorney may take a job as a clerk, leasing agent, or another staff member for a commercial property agency before gaining qualifications and starting his career as a real property partner at a law office. The starting salary of the company is going to be between $20,000 and $30,000.

Salary of real estate lawyer as public defender:

An honest property lawyer may decide to work as a public defender or prosecutor right after college and obtain his law degree later. If the attorney takes this path, he will most likely start at one of these two positions with an annual salary of $40,000 to $50,000. However, as plenty of experience is gained throughout the years, the pay is likely to increase.

Salary of real estate lawyer as an assistant in a larger corporation:

An honest property lawyer may also decide to work as an assistant for a giant corporation or firm before becoming a partner in his own law office. An assistant earns anywhere from $45,000 up to $75,000, depending on how busy the company is. As time goes on and experience is gained, a real estate lawyer’s salary may increase to between $75,000 and $100,000.

Read More: Is Real Estate Investment Trust a Good Career Path?

Salary of real estate lawyer at small firm:

An entry-level real estate lawyer at a small firm earns an annual income of about $35,000 to start. As he gains more experience, his yearly salary increases but not as significantly as larger firms or corporations. The salary is based on the number of transactions or deals handled.

Real estate lawyer as vice president of a corporation:

A lawyer can also work as a vice president at a corporation where this position requires completing law school, passing the state bar exam, and having some other certification. The pay range for this job is $63,000 to $153,000 per year. A professional with these qualifications and 20 years of experience make an average salary of $136,000 per year.

Salary of real estate lawyer depend on employer location and level of experience:

Salaries for lawyers can vary depending on their employer, location, and level of experience. The median wage is about $115,820 as of May 2008, with the lowest 10% earning less than $47,660 and the top 10% making more than $187,200.

A lawyer starting at a real estate company may make between $20,000 – $30,000. At the same time, the public defender or prosecutor who begins work right after college could start at an annual salary of $40,000 to $50,000 each year. The assistant earns anywhere from $45,000 up to $75,000, depending on the company’s level of activity.

Career as an real estate lawyer:

The career involves representing clients before state or local government agencies that issue licensing and permit requirements for property development. A legal counsel might advise on land use laws, rezoning ordinances, and environmental laws, among other topics to commercial real estate transactions.

In other words, you work with real estate brokers to make sure they meet legal requirements to sell land. Real estate lawyers can expect a starting salary of $59,000 to $62,000 a year, depending on the region. That’s a respectable income beginning around two years after earning a Juris Doctor (J.D.) degree from an accredited college or university and passing the bar exam in your state.

Real estate lawyer responsibilities:

  • Real estate lawyer responsibilities include learning about the real estate transactions themselves, working with clientele, and understanding what is necessary for your client. Read on to learn more information about what a real estate lawyer does.
  • Most real estate lawyers are responsible for many tasks that different individuals could perform. For example, most attorneys specializing in business law also do business transactions like corporations and LLCs, whereas family law attorneys handle divorce cases. However, since they are practicing law in California, all attorneys must complete over six years of a college education at an accredited university before practicing law. After completing their formal education programs, students need to take The State Bar Exam, which happens once every February. Once you have passed, you are allowed to practice law in the state of California.
  • Another responsibility for a real estate lawyer includes taking cases that deal with business transactions. This could be anything from a developer who wants to build commercial property or an individual looking to develop their own home on land they have purchased. They are responsible for ensuring the transaction goes smoothly and that both parties involved are satisfied with the deal. If there is no satisfaction, then legal action may be taken, which means the attorney would need to take another case on behalf of their client.
  • The following responsibilities lawyers have are dealing with family law cases. Depending on your firm’s location, you may face more divorce cases than any other type of family matter because they are most common. Real estate attorneys handle one of the more famous cases in the alimony and child custody case. One spouse may need financial help after a divorce, and visitation with the children is usually an issue.
  • Finally, attorneys working in real estate need to process paperwork for various transactions during their careers. These documents often include deeds, contracts, leases, and other items like title cancellation or release forms. They must make sure the papers are completed correctly by following all laws and regulations along with their client’s wishes. This includes making copies of all necessary documents and organizing them so they can be presented in court if needed.
  • There are many duties required of someone choosing this position as part of an office. First of all, real estate attorneys must be capable of dealing with clients daily. Most people that come into their offices want to get their business taken care of and move on with their lives. Because there is very little change in this field compared to other legal practices, they need someone who does not mind monotonous work and can handle it well.

Which kind of lawyer charges the most? 

Trial lawyers are the most expensive and experts in their profession. They are the highest paid lawyers. It is estimated that there are thousands of civil litigators practicing around the world, but the most highly compensated are those who handle high-dollar, high-profile, and high-stakes cases.