What you need to know about attorney states

Multi-state agents, vendor management companies and underwriters who desire to grow marketshare and expand their reach have tried for years to navigate through the complicated process in states where attorneys are required to oversee all real estate deals. Some have found successful ways to work with attorneys, lenders, buyers, sellers, Realtors, etc., to do business, stay compliant and protect the consumers in the transaction. Others have not been so successful and these incidents have led to significant court cases, increased regulations, and scrutiny from state bars and state supreme courts. What sets the successful entities apart? Understanding the laws and regulations governing real estate conveyancing in each state they wish to do business. During the National Settlement Services Summit, attorneys from four attorney states — Georgia, Massachusetts, North Carolina and South Carolina — spoke about the laws and regulations governing transactions in their states, as well as a snapshot of what is happening now.