Real Estate Attorney Salary
Real Estate Attorneys in the United States take home approximately $67K annually on average. Career length is the biggest factor affecting pay for this group, followed by geography. For the most part, Real Estate Attorneys enjoy their work and report high levels of job satisfaction. Health benefits are not claimed by all — just under a fourth lack any form of coverage — but a strong majority have medical insurance, and around half have dental, too. Male Real Estate Attorneys are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 53 percent of the field. Respondents to the PayScale salary survey provided the data for this report.
Job Description for Real Estate Attorney
Few business transactions can be as complicated, or symbolic of the risks of financial resources, as those involving real estate. Real estate attorneys are lawyers who specialize in this area. Their work revolves around assisting buyers and sellers in working through difficult contracts and closing language, and also represent interested parties when civil remedies through lawsuits are involved. They may also represent interested parties in foreclosure proceedings.Read More...
Even in standard real estate transactions, one or both parties may feel the need to retain the services of a real estate attorney. The attorney will help work out any problems with the contract and may help negotiate problems that can arise through inspections, assessments, or environmental issues with the property being sold.
In the event that problems arise in a real estate deal which cannot be resolved without incurring damages or hardship, a real estate attorney typically represents a buyer, seller, broker, or financier as necessary in civil actions regarding the aborted transaction. In the event of foreclosure proceedings, a real estate attorney can defend the homeowner against the property being deeded back to the financier, or may represent that financial services company in an effort to secure judgment in taking back possession.
A real estate attorney should specialize in real estate and contract law at a university, and this person must need to be certified by all local bar associations to practice this specialty. Those in this position typically work in a law office environment, but travel for the job is fairly common, as well.
Real Estate Attorney Tasks
- Negotiate and draft real estate documentation, including leases, licensing, and purchasing and selling agreements.
- Maintain client confidentiality.
- Meet stringent deadlines.
- Represent client in all real estate business dealings and make executive decisions as needed.
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Pay by Experience Level for Real Estate Attorney
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Real Estate Attorneys, more experience generally translates to higher pay. Survey participants with less than five years' experience report a median income of $61K, and earnings aren't much higher for respondents who have five to 10 years under their belts; respondents in the latter group report a median of just $72K. After working for 10 to 20 years, Real Estate Attorneys make a median salary of $91K. Real Estate Attorneys who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $133K.