Statute of Frauds: Fundamental legal requirement that mandates real estate contracts must be in writing and signed by the party to be charged. Part of state common law and Uniform Commercial Code (UCC).
State-Specific Real Property Laws: Individual state laws governing real estate transactions, including local zoning regulations and state-specific disclosure requirements.
Federal Laws: Key federal regulations including the Fair Housing Act, Interstate Land Sales Full Disclosure Act, and Foreign Investment in Real Property Tax Act (FIRPTA).
Environmental Laws: Regulations including CERCLA (Comprehensive Environmental Response, Compensation, and Liability Act), state environmental regulations, and local environmental ordinances.
Title Laws: Legal framework covering state recording statutes, title insurance requirements, and chain of title verification requirements.
Tax Considerations: Tax-related regulations including Internal Revenue Code provisions, state and local tax regulations, and property tax requirements.
Contract Law Basics: Fundamental contract law elements including state contract formation requirements, consideration rules, and capacity to contract.
Consumer Protection Laws: Laws designed to protect buyers, including state-specific buyer protection laws, disclosure requirements, and applicable cooling-off periods.
