Which of the following would be considered legal advice in real estate transactions?

Title analysis is indeed considered legal advice in real estate transactions because it involves reviewing property titles to identify issues such as liens, encumbrances, or claims against the property. This process requires an understanding of legal concepts related to property ownership and rights, as any findings can impact the validity of a property transaction. Individuals involved in real estate transactions, like brokers or agents, typically do not engage in title analysis if it crosses over into providing legal opinions or interpretations, which is reserved for licensed attorneys.

The other options, while important aspects of negotiating or valuing properties, do not entail the provision of legal advice. Estimating property values or developing negotiation strategies primarily relies on market knowledge, trends, and negotiation techniques rather than legal analysis. Drafting purchase agreements also involves legal elements, but it is typically conducted by attorneys or professionals with legal training to ensure compliance with applicable laws and handling legal vocabulary correctly. However, it is essential to note that real estate professionals can assist clients in filling out forms related to purchase agreements, as long as they do not cross into areas requiring legal counsel.