In an Alberta residential transaction, what is the role of the buyer's lawyer?
Correct Answer
C) To search title, review the RPR, prepare mortgage documents, register the transfer and secure clear title
In an Alberta residential transaction, the buyer's lawyer performs essential functions including conducting a title search, reviewing the Real Property Report and municipal compliance, preparing and registering the transfer of land and mortgage documents, handling the trust account for the transaction, and ensuring the buyer receives clear title.
Why This Is the Correct Answer
Under Alberta's Legal Profession Act and real estate conveyancing requirements, the buyer's lawyer conducts title searches at the Land Titles Office, reviews the RPR and compliance, prepares and registers the transfer of land and mortgage documents through SPIN2, handles trust account management, and ensures the buyer receives clear title free of unexpected encumbrances.
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