Statute of Frauds: Legal requirement that all land contracts must be in writing and contain essential terms, signed by the party to be charged. This is enforced across all U.S. states.
State-Specific Real Property Laws: Individual state laws governing real property transactions, including local zoning regulations, land use restrictions, and state-specific recording requirements.
Contract Law Fundamentals: Basic contract law principles including consideration requirements, common law contract principles, and relevant aspects of the Uniform Commercial Code (though real estate is generally excluded).
Consumer Protection Laws: Federal and state regulations including Truth in Lending Act, Real Estate Settlement Procedures Act (RESPA), and state-specific consumer protection statutes.
Environmental Laws: EPA regulations, state environmental protection laws, and disclosure requirements for known environmental issues affecting the property.
Title Laws: Requirements for title insurance, chain of title verification, and regulations regarding liens and encumbrances on the property.
Survey Requirements: State and local surveying standards and requirements for property boundary determination and documentation.
Tax Considerations: Regulations regarding property tax proration, transfer taxes, and capital gains implications in real estate transactions.
Fair Housing Act: Federal anti-discrimination provisions and equal opportunity requirements in real estate transactions.
Americans with Disabilities Act: Accessibility requirements and compliance standards for properties, where applicable.
