Truth in Lending Act (TILA): Federal law requiring disclosure of credit terms and standardizing the manner in which costs associated with borrowing are calculated and disclosed
Real Estate Settlement Procedures Act (RESPA): Federal law that provides homebuyers and sellers with information about real estate settlement costs and prohibits abusive practices in the real estate settlement process
Fair Housing Act: Federal law prohibiting discrimination in real estate transactions based on race, color, religion, sex, national origin, disability, or familial status
Interstate Land Sales Full Disclosure Act: Federal law requiring developers to provide detailed information about their development projects to potential buyers
Foreign Investment in Real Property Tax Act (FIRPTA): Federal law imposing income tax on foreign persons disposing of U.S. real estate interests
State Property Laws: State-specific regulations governing property rights, transfers, and obligations within the state's jurisdiction
State Real Estate Licensing Laws: State-specific requirements for real estate professionals involved in property transactions
State Disclosure Requirements: State-mandated disclosures about property condition, hazards, and other material facts that must be provided to buyers
State Recording Laws: State requirements for recording and registering property transactions and related documents
Statute of Frauds: Legal principle requiring real estate contracts to be in writing to be enforceable
Local Zoning Laws: Municipal or county regulations governing property use and development
Property Tax Laws: Federal, state, and local tax regulations affecting real estate ownership and transfers
Title Requirements: Legal requirements for establishing and transferring clear title to property
HOA Regulations: Rules and restrictions imposed by Homeowners Associations, if applicable to the property
Building Codes: Local construction and safety standards that must be met by residential properties
Contract Essential Elements: Key components including property description, purchase price, payment terms, earnest money, closing date, contingencies, and remedies
