On June 28 the Real Property, Trusts and Estates section of the American Bar Association will present a panel discussion with Dean Alterman joining Heather Johnston of Sapphire Law Group and Sarah Cline of Miles & Stockbridge PC. The panelists will talk about how to build a transactional real estate law practice, whether as a boutique firm (Dean and Heather) or within a larger firm (Sarah), using Dean’s first book as the outline for their presentations.
I often tell clients, “litigation is a blunt instrument,” and encourage efforts to come to a fair settlement before the expenses of a lawsuit mount up. In 1946 Henry Osmond Lock (1879-1962), a Dorsetshire solicitor (his father represented the author Thomas Hardy), published a short volume entitled “Advice to a Young Solicitor,” distilling 40 years of experience at the bar into sound recommendations for the young lawyer. Here is his more elegant paragraph on the topic:
“You may take it that in almost all cases of civil proceedings, the commencement of litigation is preceded by a course of negotiation. Then is the time that it may be well to ‘agree with thine adversary quickly while thou art in the way with him.’ A fair and reasonable settlement is often more satisfactory than an action fought out to the bitter end, even though the outcome be a verdict in your client’s favour. A successful litigant has many expenses to shoulder himself, and many an apparent triumph secured in the Courts of Law has in the end proved to be but a Pyrrhic Victory.”
You can manage your own real estate without a license. But what if you own it through a limited liability company, or a family trust, or as tenants in common with others? Last month the Oregon Court of Appeals affirmed the Real Estate Agency’s determination that if you’re receiving compensation for managing the property, you might be violating the law. Read our article on LinkedIn for more: https://lnkd.in/gWBFvb7