RESPA: Real Estate Settlement Procedures Act - Federal law that requires disclosure of real estate settlement process and prohibits kickbacks

TILA: Truth in Lending Act - Federal law requiring disclosure of credit terms and standardized information about borrowing costs

Fair Housing Act: Federal law prohibiting discrimination in real estate transactions based on race, color, religion, sex, nationality, disability, or familial status

Interstate Land Sales Full Disclosure Act: Federal law requiring developers to provide detailed information about their development projects to potential buyers

State Property Laws: State-specific laws governing real estate ownership, transfer, and rights

State Licensing Requirements: Regulations governing real estate professionals' licensing and conduct in the specific state

State Disclosure Requirements: State-mandated disclosures about property condition, defects, and historical information

State Contract Laws: State-specific laws governing contract formation, enforcement, and remedies

Zoning Laws: Local regulations determining how property can be used and developed

Building Codes: Local construction and safety standards that properties must meet

Binding vs Non-binding Provisions: Clear specification of which LOI terms are legally binding and which are subject to negotiation

Property Details Requirements: Legal description, boundaries, and disclosure of existing liens or encumbrances

Transaction Elements: Essential terms including purchase price, payment terms, closing timeline, due diligence period, and contingencies

Disclosure Obligations: Requirements to disclose property condition, known defects, environmental issues, and relevant historical information