A real estate paralegal reports to an attorney, prepares/reviews real estate documents, and ensures that communication always flows smoothly between lawyers and buyers, sellers, lenders and real estate agents. A real estate paralegal can work for various parties in the real estate field, be they buyers or sellers, but the ability to adhere to deadlines is essential for ensuring that properties are closed on time. Strong teamwork skills are also important, as those in this position often work on a team of lawyers and other paralegals.Real estate paralegals must be entirely familiar with closing, lending procedures and all other aspects of the sale and purchase of real estate. They will file away many documents and have to keep them organized, as well as utilize various computer programs, so advanced computer skills are quite necessary for this job. Paralegals will also be expected to prepare correspondence, so strong writing and oral communication skills are equally important.Other duties include issuing settlement statements and gathering documents to prepare for closing. Real estate paralegals may have to contact various parties by phone, e-mail or in-person in order to obtain needed documents. Once the transaction is finalized, the paralegal will make sure all ends are tied with post-closing documents. The job often requires experience as a paralegal, along with a college degree; the majority of real estate paralegal jobs are full-time and performed in office environments.

The role of Real Estate Paralegal in Canada is expected to experience steady growth in the market. Over the past 10 years, this job role has shown promising growth and a high demand. According to Google data, the projected growth for this position in the future looks positive. It is anticipated that there will be a significant number of employment opportunities available in the coming years. This indicates a strong and stable career outlook for individuals pursuing a career as a Real Estate Paralegal in Canada.

How to Learn

As a Real Estate Paralegal with 3-6 years of experience in Canada, your main responsibilities include:<ul><li> Assisting in the preparation and review of real estate transaction documents, such as purchase agreements, leases, and mortgage documents. This involves ensuring accuracy and legality of the documents and coordinating with clients, attorneys, and other parties involved.</li><li> Conducting title searches and reviewing title insurance commitments to identify any potential issues or encumbrances on the property. This requires attention to detail and knowledge of relevant laws and regulations.</li><li> Managing and organizing closing files, including the preparation of closing checklists, gathering necessary documentation, and coordinating closing schedules. This involves ensuring all required documents are in order and facilitating a smooth closing process.</li><li> Assisting in the coordination and communication with clients, opposing counsel, lenders, and other stakeholders throughout the real estate transaction process.</li></ul>

Roles & Responsibilities

Average take home Salary for a Real Estate Paralegal in Canada is around C$54259 per year

Salary Breakup

A real estate paralegal provides reports the attorney to the lawyer, drafts/reviews documents related to real estate, and ensures that communication is smooth between lawyers, buyers lenders, sellers, as well as real estate brokers. Paralegals in real estate can be employed by a variety of parties within the property industry whether they are sellers or buyers, however the ability to meet deadlines is crucial to ensure that the closing of properties is in time. A strong teamwork skill is also essential, since those in this job often work as part of teams of attorneys and paralegals.

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Real Estate Paralegal

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