Building a successful career in real estate law requires a lot of time, experience and connections. A successful career is founded on developing the knowledge and experience necessary to serve your clients and to have your clients and potential clients build confidence in you.
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If you own property you are aware of property taxes. We all pay them, but how exactly does the government decide what we as property owners have to pay? If we don’t pay our taxes what will happen.
Locate and purchase at least one real estate law treatise. Preferably, purchase a treatise that is specific to your state’s laws, but a general real estate treatise can also be helpful.
Join the real estate section of your state bar, and if possible, join the local real estate section as well.
Network with real estate gurus in your area. Your network of real estate professionals will be the bedrock of your client referrals. Try to get to know owners of title companies, other real estate attorneys, real estate brokers, real estate appraisers and developers.
Stay current on legal updates and revisions. You can stay on the cutting edge by subscribing to real estate periodicals, and also by attending CLE seminars.
Become a presenter at conferences and CLE or similar continuing education courses and seminars. Being a presenter automatically qualifies you as an expert to anybody who watches you present, and this can be a huge source of networking and client development.
As you know, we all have to pay taxes. Taxes are handed down to us by our state and local governments in the form of property liens. The taxes against a property are call real estate taxes. There are 2 different types of taxes you may be ordered to pay general real estate taxes and special assessments.
General taxes are based on the value of your home. The more valuable our home, the more taxes you pay. These taxes go towards government costs, schools, hospitals, municipalities, water & sewage etc. These are all items in which are there to assist the residents of a community. You pay taxes to keep your community running.
They calculate your taxes using an assessment scale. An assessment is a value placed on your home for tax purposes and often times is nowhere near your homes real market value but rather a percentage of it. To find your assessment value you can look online at your local county website or you can use this formula to find out an apron. Value (Assessment Value)= Market Value x Tax Rate.
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