If you are in a real estate business, you know exactly the daunting and strict process required in even the simplest closing of real estate deal. Being in the real estate business and navigating the process in such industry involves large sums of money from the sales and purchases done, which on the other hand, can be an intimidating prospect. As with the legal documents and the security of the real estate deal, it is highly important to seek for the expert help of professional real estate notary to legalize and validate your documents. Furthermore, it is important in the real estate closing that the 2 parties who signed the documents/contracts are those who will be bound by them.
Real estate notary can help realtors with non-contentious legal matters, which include conveyancing—from purchase, sale and mortgage property. In most cases, real estate notary is also called as signing agent who specializes in notarizing mortgages and real estate contracts and documents. Depending on which state you belong, real estate notary can charge fees in connection with the services they provide. Apart from legalizing and notarizing your real estate documents, real estate notary also provide assistance to real estate clients and real estate firms by being their legal resource. As each property is unique while others may be complicated, real estate notary can help you understand to approach particular property purchase and avoid potential loses.
The responsibility of a real estate notary is to ensure that the real estate documents are correctly notarized, executed and returned for the processing in timely manner. The real estate deal will not be authorized until their work is completed. Real estate notary are expected to have a sound judgment and be able to make decision regarding the legitimacy of the closing as they serve as an ‘impartial witness’ related to the acts such as the signing or the contract or real estate documents. The real estate notary validates and identifies the involved parties, and guarantees their legal protection. Some of the responsibilities that a real estate notary takes include the following:
- Ensures that the proceedings are performed legally and accordingly as what the statute and law requires, whilst, ensuring that every step of the process of sale and purchase is clear and sound.
- Real estate notary is responsible for signing and creating the preliminary contracts of the sales, including the final deed of sales.
- They are also responsible for checking and locating all documents for their validity and authenticity—this includes but not limited to checking pre-emption right to the real estate property.
- Dependent on the state, real estate notary is also responsible collecting and calculating taxes that are related the real estate transaction. The notary personnel can collect tax money from the realtors or from the proceeds of the sales, or pay the tax authorities for you.
- Real estate notary is also responsible for checking legal and tax points during the creation of the contract of sale.