A notary will verify, prepare and sign many legal documents, such as:<\/p>\n
In Quebec, you must hire a notary to complete a real estate transaction. In most cases,\u00a0the buyer chooses the notary.<\/p>\n
Generally, a notary\u2019s real estate fees\u00a0range from $1,500 to $3,000<\/a>.\u00a0\u00a0<\/a>They may also differ between purchases since these fees aren\u2019t governed by law. Depending on the situation, the notary\u2019s fees may be split between the buyer and the seller. The buyer usually pays most of them, but the seller may be required to pay the fees to write off existing liabilities and\u00a0title corrections<\/a>, if required.<\/p>\n Usually notary fees are split into two categories, transaction fees and professional fees.<\/p>\n In addition to drafting the above documents, the transaction fees include many taxable and non-taxable expenses, including costs for:<\/p>\n Professional fees include consulting services before signing the\u00a0promise to purchase<\/a>, reading the deeds, preparing the mortgage and sale documents, publishing the notice of address and obtaining signatures from both parties. These fees are billed at an hourly rate that may vary depending on the notary\u2019s expertise, complexity of the transaction and degree of urgency.<\/p>\n The buyer and seller must provide some documents to\u00a0prepare for their meeting with the notary\u00a0and avoid unnecessary research. They\u2019ll have to provide:<\/p>\n3.\u00a0Transaction fees and professional fees<\/h2>\n
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4.\u00a0Preparing for the meeting with the notary<\/h2>\n