Residential Real Estate Closings in South Carolina: Do I Need a Lawyer? A real estate closing is the practice of law in South Carolina, and therefore, must be supervised by a licensed South Carolina attorney. State v. Buyers Service Co., 357 S.E.2d 15 (S.C. 1986).Feb 6, 2021
South Carolina is one of several states that require a real estate attorney to be involved, but it's one of just a select few that mandate the attorney be physically present at the closing. When you hire your lawyer, you'll work closely with them to set a closing date that allows all parties to be present.
How much does a Real Estate Attorney make in South Carolina? The average Real Estate Attorney salary in South Carolina is $144,259 as of January 27, 2022, but the range typically falls between $125,799 and $159,831.
six yearsRule 1.15 deals with the safekeeping of a client's property. In SC Bar Ethics Adv. Op. #98-33, we indicated, in the absence of an agreement with the client, the attorney should retain files for at least six years and may place the files on computer disks or other electronic media.
South Carolina considers the conducting of a real estate closing the practice of law, which only an attorney can do. State v. Buyers Service Co., 357 S.E.2d 15 (S.C. 1986.) In South Carolina, any reputable mortgage lender will require that an attorney be selected to conduct the closing.Aug 15, 2017
The state of South Carolina requires an attorney to be present at the closing of a real estate transaction and has issued extensive best practices guidelines.
Massachusetts, Rhode Island, New Hampshire, New York, and Connecticut provide the highest Real Estate Attorney salaries.
Highest paid lawyers: salary by practice areaPatent attorney: $180,000.Intellectual property (IP) attorney: $162,000.Trial attorneys: $134,000.Tax attorney (tax law): $122,000.Corporate lawyer: $115,000.Employment lawyer: $87,000.Real Estate attorney: $86,000.Divorce attorney: $84,000.More items...•Dec 14, 2021
Some of the highest-paid lawyers are:Medical Lawyers – Average $138,431. Medical lawyers make one of the highest median wages in the legal field. ... Intellectual Property Attorneys – Average $128,913. ... Trial Attorneys – Average $97,158. ... Tax Attorneys – Average $101,204. ... Corporate Lawyers – $116,361.Dec 18, 2020