This paper outlines some common issues real estate practitioners face when dealing with a residential purchase contract. The author discusses how to conduct the initial review of a new residential conveyancing file, followed by an overview of the key terms of the contract. The author also highlights a number of common issues that need to be monitored in a residential real estate file. This paper is based upon the October 2012 AREA contract (not included).

This paper was presented at the Running Your First Real Estate Transaction program held in September 2013.