Contract (REPC)
Turning to the Real Estate Purchase Contract (REPC), make sure you understand what it says and the timelines involved. Are there any outstanding conditions such as a house inspection or mortgage approval? We are reluctant to start working on your file if there are any outstanding conditions. If these conditions are not removed, the deal will terminate. If we have started working on the file at your insistence, you will then receive an invoice from our office for a deal that does not happen.