Who is responsible for ensuring that real estate laws are followed in transactions?

The responsibility for ensuring that real estate laws are followed in transactions primarily falls on the real estate broker. Brokers are licensed professionals who are trained in the legal aspects of real estate transactions and are required to adhere to the rules and regulations set forth by state law. Their role includes guiding both buyers and sellers through the process and ensuring compliance with disclosure requirements, contract obligations, and other legal standards.

Brokers have a fiduciary duty to their clients, which means they must act in the best interests of the party they represent while also adhering to legal protocols. Therefore, brokers are pivotal in maintaining ethical and lawful conduct throughout the real estate transaction process. Their understanding of the relevant laws allows them to identify potential legal issues and navigate them appropriately, protecting their clients and ensuring a smooth transaction.

While buyers, sellers, and appraisers have their roles and responsibilities in a transaction, they do not carry the same level of responsibility when it comes to ensuring compliance with real estate laws as brokers do. Buyers and sellers are generally expected to provide accurate information and abide by the terms of their agreements, but they rely on the expertise of brokers to navigate the complexities of real estate law. Appraisers focus primarily on evaluating property value and do not have responsibilities related to legal compliance in