Property Law: Travels through Property Law By Tom Brodersen, Esq.
Economists describe the real estate market as “inefficient.” That is partly because information about individual properties has never been easily available to a national audience, the way prices for more fungible products, such as oil, soybeans or pork bellies have.
While modern services such as Zillow, Trulia, and Realtor.com, along with smart phone apps and other technical innovations, somewhat level the field in terms of access to information, properties themselves vary hugely from one to another, no two locations are truly equivalent, and financing complications exert an exaggerated influence on transactions. Those and many other factors will always make the property market inefficient.
Real estate agents, on the other hand, are part of the solution, as they help make that market manageable for consumers. Realtors are extremely hard-working people who compete every day for the attention of buyers and sellers, and must diligently prepare for the task by continuously building their knowledge and professional skills in order to be most valuable to the public in need of assistance.
While that training is also improved by modern technology (such as distance learning and web-based programs), most people traditionally learn faster and more easily from live, human instructors who sense when more explanation is needed, and can immediately answer questions.
That is why I have started a local real estate school. Much of my time is spent explaining the complexities of real estate law and practice and the many laws and rules that affect the ownership and use of property. I try to keep track of the best, most knowledgeable and diligent agents in the market to send my clients to when they want to use agents. I try to improve the real estate profession by helping those agents build their skills.
I have been privileged to enjoy varied and extensive experience in this field over the years, but the profession of law (and licensing as a real estate broker) require me to “give back” by contributing to the improvement of the field. The more that buyers, sellers, and real estate agents know about the potential pitfalls involved in transactions, the fewer complications will develop in closing these transactions.
ANDERSON & BRODERSEN, P.A.,
350 Corey Ave., St. Pete Beach, FL 33706 (727) 363-6100 www.PropertyLawGroup.com