Real Estate Attorney Salary
The average Real Estate Attorney in the United States can expect to rake in roughly $67K annually. Career duration is the biggest factor affecting pay for this group, followed by geography. Most Real Estate Attorneys like their work and job satisfaction is high. Male Real Estate Attorneys are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 51 percent of the field. A strong majority report receiving medical coverage from their employers and over one-half collect dental insurance. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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|Salary||$46,014 - $135,790|
|Bonus||$976 - $31,441|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$47,498 - $148,182|
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.
Pay by Experience Level for Real Estate Attorney
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Real Estate Attorneys with a lot of experience tend to enjoy higher earnings. During the first five years of their careers, Real Estate Attorneys see a median income of $61K. Survey respondents with five to 10 years of experience report an only modestly higher median of $73K. After one to two decades on the job, professionals can reap plentiful salaries that average out to the six-figure sum of $112K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $141K, which is substantially larger than the medians reported by folks with fewer years on their resumes.
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Key Stats for Real Estate Attorney
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