Broker & Attorney
REAL ESTATE BROKER AND ATTORNEY
I am a real estate broker and also a real estate attorney.
However, my primary business is doing escrow setup and co-brokering. I do escrow setup where a buyer and seller already have a handshake agreement and where the broker feels the need for an experienced real estate attorney to get the deal written up properly and through escrow. I can work by the hour. Often I can quote a flat fee. In these cases I ask for an attorney retainer in advance.
I also co-broker with other brokers – taking payment at closing. This would happen where a property has been listed but there is no deal on the table yet. Brokers bring me in when there are complex aspects of the transaction that need an attorney’s touch. When I co-broker, I get paid only when there is a successful closing. Sometimes I get paid by the hour as an attorney; sometimes buyer or seller agrees to pay me a commission at closing. I work out my commission agreement directly with buyer or seller – depending on which I represent.
In many real estate transactions, legal issues arise. Buyer or seller or both are well advised to retain an attorney in addition to their broker. I can fill both roles. When a seller lists with me or a buyer buys through me, or when I co-broker with another broker, I also will serve as either the buyer or seller’s attorney, and my sole compensation will be a commission paid upon closing. This means the buyer or seller can save money and buy or sell with greater confidence.
My motto is “a good deal more for a good deal less”.
Since 1980 I have worked as an attorney structuring and closing real estate transactions of all different kinds, including residential and commercial transactions, land deals, business opportunity transactions, seller-financed transactions, and lease-option deals.
As an attorney I have more tools available to put deals together. Real estate brokers are only authorized to fill out forms approved by the multiple listing agency. When there are complexities, they must recommend to buyer or seller that one or the other or both consult with an attorney. This can sometimes slow transactions down. The attorney may not understand what is going on.
I ran an escrow department in my law office for twenty years. I ran Deal Mortgage Corporation for four years. I am still a licensed mortgage loan officer, although my license is inactive. I still do mortgages but only commercial mortgages.
I have a varied background in real estate law and mortgage law, and so I can be a lot of help in figuring out how to put deals together and get them closed. I am also active as an environmental lawyer. I frequently run for public office.
Feel free to call me if you think I might be able to help. I do not charge for initial inquiries.
James Robert Deal, Attorney
Broker with Madison Partners
WSBA # 8103, DOL # 39666
James at James Deal dot com