You’ve decided to look for your first home, but you’re not sure if you need a real estate lawyer vs agent.
Can a real estate agent do it all?
Not in Ontario. With few exceptions, like buying from a private seller, the real estate lawyer vs agent debate is no contest.
What do a real estate agent and lawyer do?
Is an agent the same as a lawyer?
Can a lawyer be a real estate agent Ontario?
Do you need a real estate lawyer in Canada?
What Your Real Estate Agent Does
Your listing agent sells real estate. The representation agreement you sign is their written commitment to help you find a home, or list, show, and market your home if you sell. More on the fiduciary duty real estate agents owe you.
That real estate agent or REALTOR® (only Canadian Real Estate Association members use the registered trademark) helps you decide on a price, holds open houses, and presents offers. They draft agreements of purchase and sale (APS), and help you change terms or conditions to your own liking. How to make an amendment to agreement of purchase and sale.
A real estate lawyer vs agent signs the legal documents. Your real estate agent, on the other hand, advises you on staging your home so it sells sooner. They tell you what other homes are selling for (called “the comps” for comparable properties) and advise you on setting a price. You don’t need a real estate agent to buy or sell property, but they can make it easier for you. How to sell a house privately in Ontario.
Your agent is not a lawyer. They can’t give you legal advice, nor can they complete your real estate transaction. Only a lawyer licenced to practice in Ontario can do that.
Real Estate Lawyer vs Agent vs Broker? Who’s Who
Even if your agent is a broker, you’ll still need a real estate lawyer. That’s because brokers are sales agents too. Your broker may work alone, manage other agents for a brokerage, or own and operate their own brokerage.
Your agent or REALTOR® will need a broker’s signature to finalize the APS. If you’re dissatisfied with your agent, you can ask a broker to appoint someone else to assist you.
Hiring a Real Estate Lawyer vs Real Estate Agent
So what does a real estate lawyer vs real estate agent do? They seal property deals, making you the rightful owner or transferring your home a buyer. They can even witness and sign mortgage refinancing deals.
Your real estate lawyer gives you independent legal advice if a real estate agent, buyer, or seller proposes sharing a lawyer or other potential conflicts of interest. They can review your APS, add essential clauses that protect your legal or financial interests, and negotiate with a real estate agent to amend your agreement.
Your lawyer discharges existing mortgages and finalizes new loans you take on. They search title to property, and transfer it to you or a new owner. If a contractor or subcontractor places a lien on your title, Axess Law advises you how to remove it. When property is tied up by a separation, divorce, or legal action, we refer to our trusted legal partners. When to hire a real estate mortgage lawyer.
How do you know if you are hiring a real estate lawyer vs agent? Just ask. While some lawyers are also real estate agents, most will refer you to a colleague to prevent conflicts of interest. Access lawyers near me.
Why You Need a Real Estate Lawyer in Canada
Buying your first home can be confusing. Axess Law makes owning real estate easier by taking the time consuming paperwork off your hands. We go through your APS and explain every step involved in closing your real estate transaction. What to bring to your lawyer’s office.
If your real estate agent suggests you use their lawyer to complete your new home deal? Ask Axess Law for independent legal advice. A legal opinion letter from an Ontario lawyer gives all parties the confidence you understand the consequences.
Don’t let the details get you down. Axess Law amends your offer to purchase if you forgot to include the drapes or kitchen appliances. Our real estate lawyers negotiate with the seller’s legal representative to change a vacant possession date or give you more time to find a mortgage you can afford. Questions to ask real estate lawyers.
Our licenced legal team confirms if penalties are probable when you cancel an offer. The difference between a real estate lawyer vs agent is that Axess Law helps you understand Ontario real estate law. We give you the legal advice your agent can’t. Tips for the first time home buyer (Ontario).
We keep your mortgage discharge fee low by giving you only the legal services you absolutely need. Axess Law has flat rate real estate lawyers across Ontario via virtual video conference. When to consider private mortgages.
Access Lawyers By Secure Video Conference
Connect with our virtual real estate lawyers from any compatible home computer, laptop, tablet, or mobile device. We bring legal services to you in the most convenient way. Your Axess Law Ontario real estate lawyer meets with you online using secure, confidential video conferencing software. Completing the sale is nearly effortless when you use Axess Law.
How virtual real estate lawyer services work.
Affordable Real Estate Lawyers, Anywhere You Are
Access lawyers for less in the Greater Toronto Area, Ottawa, or anywhere in Ontario when you buy, sell, or transfer property. Axess Law’s flat fee real estate lawyers are affordable, and our rates are all inclusive (excluding taxes, disbursements, and third-party charges). Axess Law offers you only the legal services you absolutely need. Your final invoice includes no surprises or hidden charges. Your itemized statement of adjustments is explained when we deliver it, and we answer any questions you have about it.
Find a real estate lawyer (Ontario).
Book Online or Phone Appointments Today
Dial us toll free at 1-877-402-4207 or in Toronto, call our. 647-479-0118 lawyer line to make your next legal appointment. No time to chat? Book online with our easy to use web form. We have convenient in-person hours at our Greater Toronto Area and Ottawa law offices, with onsite parking and easy transit access. You can talk to an Axess Law real estate lawyer 7 days a week. We’re anywhere you are, whenever you need an Ontario real estate lawyer.
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