Your Own Legal Document Processing Business in Real Estate
Exploring the LDP Service Business in the Real Estate Industry for Paralegals

LDA's in Real Estate
Another Unique Business for Paralegal LDA's
"See the Opportunites for LDA's!"

by  Jonathan Arnold, Esq.
Lead Paralegal Academy Instructor

The Real Estate industry offers considerable opportunities for a Paralegal with an LDA Certification to run their own LDP (Legal Document Preparation) Service Business. Avenues of opportunity can be plenty and especially for the FSBO (For Sale By Owner) client as we'll take a look at later.

As a Licensed and Bonded LDA running your own LDP Service Business you can provide valuable services to the Real Estate industry such as providing and preparing the standard legal real estate contracts, disclosures and deeds required for the sale of a home, farm or land parcels, as well as all of the other necessary filing documents required. As an independent LDA you can market the fact that you can save thousands of dollars in agent commissions for your clients while getting professional legal documents, done right and all ready to sign!

As a Legal Document Assistant professional you would be authorized to prepare legal documents and market that you can save your clients considerable fees.

While there are limited types of legal document preparation services that can be performed as an LDP/LDA, there are many others at your disposal you can legally market. They do not provide legal advice or represent you in court. An LDA can only prepare legal documents at the client’s direction. Laws concerning legal document assistants are set forth in the California Business and Professions Code §§ 6400-6415.

 - ATTORNEYS PROVIDE ADVICE -
- PARALEGALS/LDA's PROVIDE SERVICES -
"Certified Paralegals and LDA's perform legally qualified services
as authorized and afforded to them by law...
at the SPECIFIC DIRECTION OF THEIR CLIENT!"

Giving Legal Advice or 'Just Doing Your Job?'
"Quoting Established Practices"

Without being annoyingly redundant, you already know by now that as a Paralegal and/or a LDA with your own LDP (Legal Document Processing) business that you're not to legally provide legal advice. But as a Paralegal doing business as an LDP you arerequired and, moreover, expected to provide services that are legitimate and accurate in the filing of your documents on behalf of your client. Additionally, since an LDA can only prepare legal documents at the 'Client's' direction, To ensure you are in good standing to start your business, Legal Document Assistant laws can and should be reviewed in the California Business and Professions Code…and don't consider this review as being restrictive, but as being an insurance policy on building and marketing your business.

Servicing Two Entities at Once

As a Paralegal LDA / LDP, you can provide services to both Law Firms servicing the Real Estate industry and Individuals, on contract and/or temporary basis. With the law firm approach, you have a large pool of law firms to solicit and their incentive is that they can actually save money hiring your firm on a temporary or 'As Needed' basis and avoid paying those costly benefits. So if you're thinking, well wait a minute here, why wouldn't they have to pay benefits? Well first off, they would not be your only source of business they would not be restricting you from marketing to others, you are in the 'service provider' business or 'work for hire'.
 


An Interesting Example

Want an interesting and obscure example of this you won't find in the law review papers? Years ago the famous wrestler Jesse Ventura, before he became Governor, made controversy with the WWF by attempting to unionize the wrestlers to avoid one or more from being paid significantly more than the others at various events and be given benefits. His main beef was that in one major WWF WrestlleMainia event Hulk Hogan was paid more than all the other wrestlers combined. Ventura's attempt was to get them to 'balk' hours before the event was to take place and force the WWF to agree to the unionizing demand. What was most interesting and apparent was that when questioned on the appropriateness of this action he brought up the fact that while all the wrestlers were considered as independent contractors they had been forced to sign contracts that stated they could only not market their trade wrestling names to any other organization but more importantly, they were not allowed to work/wrestle for any other group, thereby making them soley 'Dependent' on WWF, not 'Independent'. While the WWF avoided the unionizing as wrestlers declined, it shook some heads. Therefore, since any law firm you would provide services to would not be restricting your access or marketing to 'outside' or 'other' businesses, you would basically be a service provider.

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But can you Expand?

Sure, since LDAs must register with the County Clerk in 'Each' county where they intend on providing services to, you are not restricted to just one county, and there's a lot of counties,in California to service. So plan your marketing strategy based on those ADI's (Area of Demographical Influence) you find interesting and more cost effective to access.

A Sample list of Potential LDP Services for the Real Estate Industry

Affordable, Efficient and Effective Real Estate Document Services

Within each of the mentioned categories you can find some excellent marketing strategies for Maximum-Impact, as follows:

Estate planning documents
Agricultural Real Estate- Lands and Farms
Property Warranty, Guarantee - Quitclaim Deed services
Provide services to FSBO sellers (For Sale By Owner)
FSBO Real Estate Property Sale Documents
Residential, Commercial and Agricultural
Research Court Records and County Recorder Records
Title Document Search information
Real Property Disclosure Statements
Provide Title Document Search information services
Real Property Disclosure Statement
Lead Disclosure Statement
Lead-Based Paint Warning Booklet issued by U.S. EPA
Affidavit of Property Value -
(a disclosure form on Purchase Price and owner)
Real Estate Power of Attorney
(Convenient form to expedite a sale if needed)
Mobile Notary"

The Overlooked FSBO Approach

One of the little thought of categories listed above, FSBO, can provide some excellent potential for your LDA service business. A service to the FSBO clients that can be very valuable to both seller and buyer is that of Property Title Searches. Title Searches for those FSBO sellers/buyers selling smaller priced properties and land that may not necessarily require or be requested to obtain, the services of the higher priced Escrow Title companies. While you may not be able to provide the same Title Guarantee as a Title firm, the owner/buyer may just want a 'comfort zone' search on the property to ensure there are no hidden encumbrances or outstanding liens on it. A basic title search can provide much of that comfort zone and then some, if you know how to search it. Remember, the Title firm gets their information at the same place you would, the County Recorder's office, they're just set up digitally to find it quicker. But making contacts and even friends at some of these offices can go a long way in helping your business run highly efficient and extremely competitive.

Your services also can assist the Seller with Counter Offer Forms in those cases where a potential purchaser may not agree to the sale terms proposed by the seller. Having the ability to assist both Buyer and Seller with last minute matters such as counter offers and the like can speed the sale process and help avoid conflicting terms of sale.

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An Inside Look at the FSBO

Realize that the FSBO Seller as well as those searching for FSBO properties are doing so for several reasons, some don't trust realtors, some don't want to jump through all the hoops realtors can sometimes put you through and most want to save those percentage fees realtors charge. Plus signing with a realty firm can often tie up the property you're listing to a lengthy contract and you can't get nothing done if the realtor doesn't provide a solid marketing plan and follow through on it, or just drop the ball, which happens all the time.

Now don't come back and ask..."but-but-but hold on Professor, did you leave something out?' Of course! The whole idea here is to get you thinking Maximum-Impact and press you to do your Familiarity Focusing we've been featuring on the LFC site, as it's YOUR business. There are many more potentials out there, so pull from your Familiarity Focusing interests and add them to your list. Build an FSBO Seller Packet that you can present to potential clients as a 'ready-to-go' service and make a specialty service and contact list. As by providing specialized services of and to those areas you are both familiar with and interested in, you'll obviously enjoy your business a lot more, and that means you'll enjoy more productivity...and enjoy the rewards your Maximum-Impact service offers...so get Focusing!

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Highly Suggested Reading:

For those of you jumping into the Paralegal Career Field that haven't already read one of our previous Articles you might find Paralegals vs Legal Document Assistant - LDA one to take a look at now since it is fresh in your mind. Note: At the time we wrote the PL vs LDA article the New LDA Bonus course offered at LAVC was not yet available, so you'll now see the great benefit of this career 'add-on' bonus. Also Check out the Full LDA Course Details, Summary and Very Affordable Cost!

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SUMMARY and IMPORTANT TIPS

This is a topic that bears repeating as the High-Velocity Career Courses you get from LFC and LAVC incorporate our Advanced Articles and Tips unique methods to give you a 'Creative' Boost others don't offer. You are urged to expand your 'Creative' thinking while at the same time help to Protect Your Career against the 'Robotic Invasion'. Singling out and 'Familiarizing' yourself on a variety of  Industry areas you're interested in will give you a Maximum Impact opportunity to secure a solid career in this highly rewarding career potential beyond far the Traditional.

 Market Ylur Paralegal LDA to Unique Businesses
Marketing Your Own LDP Legal Document Processing Biz Familiarity Focusing Maximum-Impact: 6:39

Unique Tip # 1 - August 2019

Paralegal Calendar Dates - Recourse and Liability
by Jonathan Arnold

Q: As a Paralegal working for a law firm you know that one of your main responsibilities is to draft client calendars and ensure accurate dates. But do you know what your/your firm's liabilities and client recourse is should you mis-calendarize causing the firm's client to incur an adverse outcome or financial loss?

A:  Any attorney that uses the services of a paralegal is ultimately liable to the client for any harm that results from the paralegal's negligence or misconduct. Put another way, the duties that an attorney owes to the client are non-delegable, meaning that it is the attorney who bears the brunt for mistakes made within the attorney's office. That being said, no attorney is going to be happy (to put it mildly) with errors -- especially calendaring errors -- made by his or her paralegal(s). The key here is to know not only how to compute dates (ranging from applicable Statute of Limitations dates to any relevant transaction dates) but then TO BEAT THOSE DATES so that things like court filings, discovery responses, revised contracts and the like are not only calendared for completion before they are due, but also sent/filed A FEW DAYS EARLY. How to do this is just one of the important subjects we cover in our Paralegal program.

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Just remember, that this article is  another  highlight having your own PL/LDA Business and Career Potential, use it to your advantage!

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Paralegal Careers in the Entertainment Industry

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SHR - Robotic Invasion Insurance
The NEW SHR (Strategic Human Resources) or Creative Career Advancement

Your Bio Reminder

Just as with all of the new and exciting Introductions to unique industry potentials we feature, always highlight a select few topics and categories within each industry that you're interested in, then when it comes down to your PL-LDA(highly recommended bonus for PL), draft your resume incorporating an 'Interest Familarity' one-page supplemnt to it that others most likely won't, such as examples of some of those we just disucssed:

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Your 'Subject Familiarity' supplement will be your one-page Synopsis form, 'Addendum Addition' to your Bio, and you’ll definitely have an advantage and provide you with a good marketing asset for starting your own LDA Service!

Your PL Career and LDA Bonus 'Edge!'

We'll show you everything you need to know about being employed as a Paralegal and our fantastic Maximum Impact LDA Bonus Course, now it's your turn focus on the 'Industry Field' you want to apply it in. You will now have an 'Xtra' Edge', and 'Creative Edges' are one of the main values of our articles we provide here on the THORNHILL Legal Field Careers site for our LAVC students.

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We invite you to search through the LegalFieldCareers.com website for Videos and Articles of Unique Value and Importance.

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