Professionals Involved in Your Transaction
In the course of buying a property, aside from your broker, you will get to know a number of professionals working in the real estate industry. Since real estate brokers are central to any real estate transaction, they can help coordinate your transaction by being the link with the other people involved in the purchase of your property. Here's an overview of the services offered by each participant.
Land surveyors are the only ones authorized by law to delineate public and private property in Québec. Owners may call on their services to determine the boundaries of their lot using markers or to prepare a certificate of location.
The Ordre des arpenteurs-géomètres du Québec brings together all members of this profession.
Mortgage brokers help their customers find the best mortgage loans. They find loans whose conditions best meet your needs: prepayments, financing an old house, self-employed worker loan, etc.
Mortgage brokers must hold a certificate by the Organisme d'autoréglementation du courtage immobilier du Québec. They are listed under « Mortgage Loans » in the Yellow Pages directory. You can also visit the Website of the Canadian Association of Accredited Mortgage Professionals.
Chartered appraisers provide an objective estimate of a property's value. Their appraisals are used for insurance, mortgage, estate settlement and asset sharing purposes. They also serve as expert witnesses in court and their report can be used as supporting documentation in the appraisal of a property.
To obtain the title of a chartered appraiser and the right to use the « É.A. » designation, appraisers must be members of the Ordre des évaluateurs agréés du Québec.
Before buying a property, it is strongly recommended that a building expert inspect it first.
Since the building inspector profession is not under governmental regulation, it's important that you use an inspector who belongs to one of the following professional associations: technologists, engineers, chartered appraisers and architects. Inspectors who belong to one of these associations offer the public an increased level of protection, as they are overseen by their professional association. The Québec Association of Building Inspectors ensures that its members in Québec comply with professional standards.
For more information, visit the Website of the Association des inspecteurs en bâtiment du Québec or the Website Inspection Préachat.org.
A notary is an essential component of any real estate transaction. They are, along with lawyers, the only ones legally entitled to draft a mortgage deed. They also write up the deed of sale and perform a title search to ensure that the purchased property is free from obligations.
Notaries are members of the Chambre des notaires du Québec.