What term refers to the reasonable steps taken to satisfy a legal requirement?

The term that refers to the reasonable steps taken to satisfy a legal requirement is due diligence. In the context of real estate, due diligence involves conducting careful research and taking appropriate actions to ensure compliance with applicable laws, regulations, and contractual obligations. For example, a real estate professional must investigate property titles, zoning laws, and environmental regulations before completing a transaction. This process of due diligence helps prevent legal issues and ensures that all necessary precautions are taken to protect all parties involved in the transaction.

While "good faith" refers to the honest intention to deal fairly with others, it does not specifically pertain to the steps taken to meet legal requirements. "Standard of care" refers to the level of prudence and caution that a reasonable person would exercise in a similar situation, which could relate to due diligence but is not limited to legal compliance. "Legal compliance" is a broader term that denotes adhering to laws and regulations without necessarily implying the proactive steps involved, which is the heart of due diligence. Hence, due diligence more accurately captures the essence of taking reasonable steps to satisfy legal requirements.