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Understanding Lawyer Fees

Posted on June 30, 2013 by Tom Bushey

Posted in Buying a Home In Calgary, Lawyers, Selling a Home In Calgary

Lawyers charge for services differently, depending on the nature of your needs, the quality of services you seek and the complexity of your situation. Payment for a lawyer’s skill and knowledge varies from lawyer to lawyer, so it is important to understand exactly how you will be charged before engaging his or her services. Shop around and compare rates and types of fees, talking openly about your concerns and expectations. The client may negotiate the fee and discuss what services are covered directly by the lawyer and his agents.

There are generally four types of fee arrangements:

Fixed Fees
Contingency Fees
Hourly Rates
Percentage Fees / Value-Added Fees

Read more on the Alberta Law Society's website...

Real estate brokers could learn a lot from lawyers on charging fees. Not everyone wants to be charged the higher contingency fees. Likewise, not all real estate brokers are happy that only contingency fees seem to be accepted by the public that buys and sells property.

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Tom Bushey, Associate Broker & Realtor®

Accredited Seller and Buyer Representative & Condo Specialist

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1301 8 Street SW, Suite 100, Calgary, AB, T2R 1B7 Direct: 403-860-8291 | Tom@TomBushey.ca

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