rpr due diligence checklist when representing sellers

RPR DUE DILIGENCE CHECKLIST WHEN REPRESENTING SELLERS

This checklist includes due diligence activities related to RPRs that real estate professionals should

undertake when representing sellers. It is not an exhaustive list. Due diligence activities that need to be

performed in relation to a potential or actual real estate transaction may vary. Real estate professionals

should ensure they document in writing all due diligence activities they perform, including situational

details, such as the date, time, manner and where the activity was performed.

RPR DUE DILIGENCE CHECKLIST WHEN REPRESENTING SELLERS

Done

Determine if RPR required



Request RPR early in listing process

• Request the seller provide RPR with municipal Certificate of Compliance as

requirement of listing agreement

• Explain advantages of providing RPR and disadvantages of not providing RPR

• Amend listing agreement if seller does not provide RPR with municipal Certificate of

Compliance



Review RPR with seller

If RPR is available:

• Review RPR before listing property

• Compare RPR to current state of property

• Inquire if improvements made to property that are not on RPR

If RPR appears current:

• Advise seller of option to forward RPR to his/her lawyer for review and opinion



Discuss options when RPR is not available or not current

If RPR not available:

• Discuss advantages/disadvantages of ordering new RPR

If existing RPR not current:

• Discuss advantages/disadvantages of having RPR updated, if possible

• Discuss advantages/disadvantages of ordering new RPR

If seller chooses to not provide RPR:

• Discuss advantages/disadvantages of ordering new RPR

• Discuss advantages/disadvantages of purchasing Title Insurance



Explain requirement to disclose material latent defects



Ensure seller understands warranties



Advise seller of option to obtain legal counsel/expert advice



Document for brokerage file details of information received from seller



Provide brokerage all trade and property-related documents for its records

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