How much are lawyer fees to buy or sell a home?
According to the Law Society of British Columbia,there are no fixed rates set for legal services. There are 4 common methods used by Lawyers to calculate how much it costs to use their services:
- Fixed fee: regardless of the amount of time it takes. This is common for real estate transactions
- Hourly rate: includes phone calls; meetings; research, preparing documents for court, letters, court appearances etc. You will be invoiced on an ongoing basis.
- Contingency fee: a percentage of money you may win in a case
- Retainer: you put money on deposit and the lawyer will ask you for more as time goes on.
You will also see a term called Disbursements on your invoices which are costs…
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