A blog cannot deal with all aspects of a subject and is not intended to replace professional advice. It's purpose is to highlight information and identify areas of possible interest. Anyone wishing to discuss this blog or to make any comments or suggestions about this blog is invited to do so by either posting comments or emailing me directly.

 

 
Back to Blog

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.

Comments

No comments

Post Your Comment:

Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.