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Stories Tagged - real estate transaction
News
Dec. 22, 2015 | Joel Schlesinger
Writing on the wall
Homebuyers still cautious in signing mandatory agreements
Get it in writing – that's now the industry standard governing the relationship between buyers and their real estate professionals.
Yet while buyer's agreements have been a regulatory requirement since July 1, 2015, many buyers are still taken aback when presented with what are considered to be legally binding contracts, and often reluctant to sign even though these agreements are beneficial for consumers and the industry alike, said Charles Stevenson, director of professional standards at the Real Estate Council of Alberta (RECA).
Get it in writing – that's now the industry standard governing the relationship between buyers and their real estate professionals.
Yet while buyer's agreements have been a regulatory requirement since July 1, 2015, many buyers are still taken aback when presented with what are considered to be legally binding contracts, and often reluctant to sign even though these agreements are beneficial for consumers and the industry alike, said Charles Stevenson, director of professional standards at the Real Estate Council of Alberta (RECA).
News
Dec. 15, 2015 | Giselle Wedemire
Lay of the land
The dish on real property reports
Lost in the lexicon of real estate transactions, a real property report can paint a picture that, in many cases, is worth much more than a thousand words.
An RPR, which is an essential part of real estate transactions, provides a visual and written assessment on the current state of affairs on a given property.
Performed by licensed land surveyors – and ranging in cost from $800 to $1,000 each – this report will disclose essential information such as the property line of a plot of land, recent improvements made to a property and details on any permanent structures (such as sheds, decks, houses, and garages) built on a property.
Lost in the lexicon of real estate transactions, a real property report can paint a picture that, in many cases, is worth much more than a thousand words.
An RPR, which is an essential part of real estate transactions, provides a visual and written assessment on the current state of affairs on a given property.
Performed by licensed land surveyors – and ranging in cost from $800 to $1,000 each – this report will disclose essential information such as the property line of a plot of land, recent improvements made to a property and details on any permanent structures (such as sheds, decks, houses, and garages) built on a property.
