In a typical real estate transaction where major banks/lenders are involved  as a first mortgage lender, lawyers represents the bank, not the buyer client.

Yes, client pays for the service BUT the lawyer represents your lender.

It is different however with private  home equity mortgages like second mortgage.

In Ontario one lawyer can legally represent both the lender and borrowers if the amount is less than $50,000. 

Two separate lawyers are needed to complete a transaction if the borrowed money is more than $50,000.

In all of the cases its the borrowers who pays for the legal cost unless agreed upon otherwise.

Alright, my third question is a little tough, so I’ll give you a quick list of questions;

• • How long have you been in the business and/or industry?
  • How many deals have you completed successfully, that are similar to mine?

This is very important when you are a Real Estate investor, and are involved in Vendor Take Back, Joint Venture partnerships, Private Sales etc.

• Are you the only one taking calls, booking appointments etc.? Do you have an administrative employee to coordinate and support?
• Will you take responsibility for my financial losses?

You hire a real estate lawyer for their legal expertise. 

 Generally speaking, Lawyers can not be a decision maker.

A good lawyer is very important for any real estate transaction. Not every lawyer is the same. 

Mortgage delivery guy encourages everyone to take their time to interview several lawyers before choosing one for your next real estate transaction.