LGST 112 Chapter Notes - Chapter 3: Certified Check, Electrical Contacts, Real Estate Broker
1 Feb 2015
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If there are charges on property may want to make sure client is aware of these charges. Requests: request deal sheet or commission letter from real estate agent, specify amount of commission payable include gst. Standard mortgage clause = lender becomes an assignee of the proceeds payable under the policy bank always gets paid first: if client purchasing condo need 2 documents: i. i. Without it lto will not register the transfer of condo. How much money is in contingency reserve fund. Whether or not strata corporation is involved in litigation. Make sure there are no odd liens registered against the property or claims that may affect property. Documents: prepare documents and get them signed by right people i. i. Use to transfer property to purchaser at land title office. Filed in connection with all transfers of property. 1% on the first ,000 of the purchase price and 2% on the balance.
