Real Estate Attorney Salary
Real Estate Attorneys in the United States can expect to earn an average of $68K per year. Career length and the particular city each impact pay for this group, with the former having the largest influence. Health benefits are not enjoyed by everyone in this line of work, and approximately one-fifth lack any coverage at all. Medical benefits are reported by a fair number and dental coverage is claimed by close to one-half. Most workers in this position report high levels of job satisfaction. Men make up a slight majority of Real Estate Attorneys (52 percent) who responded to the survey. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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, experience and pay levels seem to be correlated; more years in the business generally lead to more money. At career start (within the first five years), average income sits near $61K, and the average for folks who have worked for five to 10 years is only slightly higher at $73K. The average pay reported by folks with 10 to 20 years of experience is around $97K. Professionals boasting more than two decades of experience also boast a six-figure median salary of $133K.
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Key Stats for Real Estate Attorney
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