Residential Measurement Standard – RMS – 4

Residential Measurement Standard – RMS – in Alberta

Frequently Asked Questions continued:

What do I do if the seller tells me the property was represented as larger when they bought it?

The seller may have purchased the property under a different measurement standard or guideline which includes areas that are excluded from the RMS. Explain to the seller that their property has not decreased in size and that all real estate professionals are required to measure residential properties using the RMS.

Also explain to the seller that residential buyers decide to purchase resale properties based on a variety of factors. Property size is only one of many factors that influence the purchase decision and the sale price. Other factors influencing their decision include the property’s location, floor plan, features, updating, and the ability of the property to meet their needs.

If the property is attached and there is a concern the buyers will compare it to detached properties, advise the seller that the assumed exterior size can also be communicated. This ensures consistency and that there will be no competitive disadvantage.

How do I compare attached and detached properties?

To compare different types of residential properties, real estate professionals can provide an additional measurement for attached properties using the property’s exterior. Real estate professionals must base this additional measurement on reasonable assumptions about the exterior wall thickness, and can extrapolate the exterior wall thickness from the thickness of the exterior door casings and/ or exterior window casings. If real estate professionals provide additional measurements based on exterior assumptions, they must make it clear it is not the RMS area for the property and explain their assumptions.

Lee Bourgeois Edmonton Real Estate Blog

Residential Measurement Standard – RMS – 3

Residential Measurement Standard – RMS – in Alberta

Frequently Asked Questions continued:

Can I use the property size from the municipality if I disclose where I got the information?

No. The RMS must be used.

Can I use the property size from a previous listing?

No. Real estate professionals have an obligation to their clients to perform their due diligence. Measuring the property according to the RMS or having it measured by a qualified individual is part of that due diligence. There is no guarantee as to the accuracy of the previous listing’s measurements and the property may have been renovated or added to since it was last listed which could have changed its area measurements.

Why don’t home builders have to use the RMS?

RECA has jurisdiction through the Real Estate Act over real estate, mortgage brokerage, real estate appraisal, and property management professionals. It does not have any jurisdiction over home builders.

Lee Bourgeois Edmonton Real Estate Blog