Yes that is true, provided the transaction ever makes it to a title company in the first place.

I've made a few realtor to realtor, mls type transactions, but this language is new to me. 

I think it will have a lagging effect on investors and discourage capital investment.

Both effectively allow you to defer capital gains.

Make sure the $5K is not for other third-party fees such as any environmental, title or credit check expense.As for who can order an appraisal, I would defer to an actual appraiser but my understanding and experience is that appraisal regulations only impact regulated groups such as banks and therefore hard money lenders can effectively make up their own rules regarding appraisals since they are not regulated like banks and are lending their own funds.Finally, banks do not have the "right" to redline.

If you want my full library, PM me.While the general theory is fairly universal, depending where the OP will be investing, many of the references above will be lacking detail applicable to his home market.I was being polite and pointing out that many things surrounding real estate transactions in Canada are quite different that in the U.S.A. ... as they would be for any country.This is a little different than doing your local research.

Some of the most effective Operators are team based.

Wondering how smooth the transaction was and how their communication is.

It also eliminates the need for appraisals, and the annoyance of detailing every minor financial transaction while you apply for a new loan as well as loan origination costs etc and since you don't have to deal with the bank  you can close a lot faster.

I'm guessing they'd let you transact business for yourself.