Even though most people are part of a real estate transaction at some point in their lives, few know the difference between a real estate agent, a realtor and a real estate broker. Some use the titles interchangeably, but this is not accurate. Each title has a specific meaning and unique responsibilities under the law.
Internet scams are all over the place lately, and they have infiltrated the real estate market, as well. Wire transfer fraud in real estate transactions became a problem back in 2015 and is still claiming victims, especially in the Southern California region.
In California, there has been an ongoing boom in the area of commercial property. However, the number of commercial real estate transactions appears to have been dropping slowly, especially in the areas of office space and retail. Still, areas of the real estate market that continue to be favorable are multi-family and industrial markets.
Buying property in Southern California appears to be promising for investors today. This is true for investors who are specifically interested in flipping houses in the residential real estate market. It is also true for those interested in commercial real estate.
If there is one thing you can say about real estate law, it is that it is complicated. There are so many facets to real estate: from purchasing a home, to purchasing commercial property, to renting pieces of property, to dealing with construction issues and brokerage disputes, there are so many ways that you can become embroiled in a real estate dispute.