Lawyer as agent in real estate transactions: why choose one?
Published on February 6, 2023
Real estate / construction
Real estate / construction
Real estate / construction
Do you want to buy or sell agricultural or wine-growing land but don't know which professional to turn to? Have you considered using a lawyer acting as a real estate transaction agent? What are the advantages of choosing a lawyer as a real estate transaction agent? What is their role and what are the differences with other market players?
What is a lawyer acting as an agent in real estate, agricultural, or wine estate transactions?
The lawyer acting as a real estate transaction agent is the key to the success of your real estate or land project. He accompanies you throughout the operation, advises you, secures transactions and also assists you in the event of litigation.
It indeed intervenes throughout the contractual process (except for notarial deeds, which must necessarily be drawn up by a notary). It manages the sale or purchase on behalf of its client, always in compliance with its professional ethics (security, confidentiality…). It also plays an advisory role: its knowledge of taxation allows it, in particular, to help its client optimize certain aspects of the transaction from a tax perspective.
The mandate also covers the legal support of the transaction: the lawyer acting as a real estate transaction agent thus guarantees optimal security.
What is the difference between a lawyer acting as a real estate transaction agent and a real estate agent?
The added value of the lawyer lies in their legal knowledge. They advise and legally assist their client when considering a purchase or sale transaction with a partner to be found, which the real estate agent does not do, as they merely carry out a simple brokerage operation. Since the real estate transaction market is extremely regulated, the lawyer will be of great help in understanding the regulations.
Furthermore, in highly specialized and technical sectors such as rural and wine-growing, the agent lawyer can themselves benefit from a significant network, necessary for the successful completion of this type of transaction.
His experience and keen knowledge of the field also allow him to carry out a relevant valuation, adapted to geographical areas and the specificities of the various farms.
Ideally, in the case of an agricultural or wine-growing transaction, the client will therefore engage a lawyer agent specialized in rural law with a network built up over their career in the sector. Me Ahmed Ali Rashid Mandeville, with 30 years of experience and recognized for his expertise in corporate law, rural law and agricultural and wine-growing transactions, is a privileged ally for the sale or purchase of your agricultural or wine-growing land. If you wish to discuss a future transaction, make an appointment by writing to support@macfarlanesllp-uk.com
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