Brian Madigan LL.B., Broker
BRMadigan@iSourceRealEstate.com

RE/MAX West Realty Inc.,
Brokerage
Independently owned and operated

96 Rexdale Blvd. 
Toronto, Ontario 


Phone: 416-745-2300
Toll Free: 1-888-507-0817

 

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Who Orders the Status Certificate?

January 30, 2016 - Updated: January 30, 2016

Who Orders the Status Certificate?

 

Question:

 

Whose responsibility is it to obtain the Status Certificate? The Buyer’s lawyer, the Seller, the Seller’s Agent, the Buyer’s agent.

 

I just had one, where I thought that my buyer client’s lawyer had ordered one. He hadn’t and now we are late.

 

What went wrong here?

 

Answer:

 

The most difficult issue here is that there is no standard practice. And, with such a mess, then the best practice would always be “do it yourself” whether you have a Buyer or Seller.

 

However, that simply feeds the problem, which is: “there’s no standard, acceptable practice”. So, that needs to change. In the meantime, every law firm has its own rules.

 

A brand new, unknown client who is calling around for the “best price”, may never have actually FORMALLY retained the lawyer (like signing a listing or BRA), therefore, the law firm is not routinely going to spend $100.00 on speculation. There is very little money in this area of legal practice. The price today is half of what it was 40 years ago. Most of the work on these files is now handled by conveyancing paralegals and not by lawyers.

 

Brian Madigan LL.B., Broker

www.iSourceRealEstate.com


Tagged with: buyer lawyer agent status certificate condo condominium
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Brian Madigan LL.B. Broker

RE/MAX West Realty Inc. Brokerage

Independently owned and operated

96 Rexdale Blvd. , Toronto Ontario,

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