Truth in Lending Act (TILA): Federal law requiring disclosure of credit terms and standardizing how costs associated with borrowing are calculated and disclosed
Real Estate Settlement Procedures Act (RESPA): Federal law requiring lenders to provide borrowers with disclosures regarding the real estate settlement process and prohibiting kickbacks
Fair Housing Act: Federal law prohibiting discrimination in real estate transactions based on race, color, religion, sex, nationality, disability, or familial status
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 property rights, ownership, and transfer of real estate within the state jurisdiction
State Real Estate Transfer Laws: State-specific requirements for legally transferring property ownership, including deed requirements and recording procedures
State Disclosure Requirements: State-mandated disclosures about property condition, defects, and other material facts that sellers must provide to buyers
State Contract Laws: State-specific requirements for valid contract formation, enforcement, and remedies in real estate transactions
Local Zoning Ordinances: Municipal or county regulations governing property use, restrictions, and development requirements
Local Transfer Taxes: Municipal or county taxes imposed on real estate transfers, including requirements for payment and recording
Property Inspection Requirements: Local and state requirements for property inspections, certificates of occupancy, and other safety compliance measures
Contract Formation Elements: Essential elements required for valid contract formation: offer, acceptance, consideration, capacity, and legal purpose
Required Property Disclosures: Mandatory disclosures about property condition, known defects, environmental hazards, natural hazards, and previous repairs
Transaction Components: Essential contract elements including purchase price, earnest money, contingencies, closing date, possession date, and default provisions
HOA Regulations: Homeowners Association rules, restrictions, and requirements that may affect the property sale and future use
