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