The Lawyer's Role in a Sale Transaction: Step by Step

Real estate sale transactions can range from straightforward to highly complex. This course walks you through a typical residential resale transaction—from the sale of a house or condo—detailing each step and the lawyer’s role throughout the process. You'll gain insights into the legal mechanics of a transaction, from reviewing the agreement of purchase and sale to navigating closing procedures.

The program highlights common issues that can arise for sellers and, in some cases, for buyers, focusing on key areas such as tax implications, ethical considerations, conflicts of interest, timing, and legal processes. A special emphasis will be placed on Section 116 of the Income Tax Act and the complications that arise when the seller is a non-resident. The course includes a seller-focused review of the purchase agreement and a practical issue-spotting exercise to build real-world awareness.