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 requiring lenders, mortgage brokers, and servicers to provide disclosures regarding the real estate settlement process
Fair Housing Act: Federal law prohibiting discrimination in real estate transactions based on race, color, religion, sex, national origin, familial status, or disability
Lead-Based Paint Hazard Reduction Act: Federal law requiring disclosure of known lead-based paint hazards in properties built before 1978
State Property Laws: State-specific laws governing real property rights, transfers, and obligations
State Real Estate Transfer Laws: State-specific requirements for transferring real estate ownership and recording deeds
State Disclosure Requirements: State-mandated disclosures about property condition, defects, and other material facts
State Recording Requirements: State-specific rules for recording real estate documents with local authorities
Local Zoning Laws: Municipal regulations governing property use, restrictions, and development
Municipal Codes: Local ordinances affecting property maintenance, use, and compliance requirements
Local Transfer Tax Requirements: City or county-specific taxes imposed on real estate transfers
HOA Rules: Homeowners Association regulations affecting property use, maintenance, and transfer (if applicable)
Property Description Requirements: Legal requirements for accurately describing the property being sold, including boundaries and permanent fixtures
Purchase Price Documentation: Requirements for documenting the agreed-upon price and payment terms
Earnest Money Provisions: Legal requirements for handling and documenting earnest money deposits
Closing Requirements: Legal requirements for finalizing the sale, including closing date, final walkthrough, and document delivery
Title Requirements: Legal requirements for ensuring clear title and proper transfer of ownership
Default Provisions: Legal requirements for specifying consequences of contract breach by either party
Signature Requirements: Legal requirements for proper execution of the agreement, including witnessing and notarization
