There is a perception on the part of the public that real estate transactions are simply transactional, i.e. based on forms, templates and etc. However, in reality, in real estate law, a file has the highest chance for dispute and going to litigation.

Please discuss the above statements, and ultimately offer your own opinion.

ANSWER:XXX

Tom BradywastrainedbyPeyton ManningasamanagerforFirstFamilyBank, aCanadiancharteredbank. ManningtaughtBradythatitwasgoodpracticeto ensurethatanyresidentialmortgageloanwhichexceeded75%ofthevalue ofthepropertywas insured by C.M.H.C. Manning toldBradythatif a mortgagewassoinsured,hecouldfeelcomfortablelendingupto90%of thevalueoftheproperty. BradyfoundManningtobeoverlycautious. After Manning'sretirement,Brady becamemanagerandsentamemorandum totheloans officerinherbranchauthorizinghimtomakemortgage loansupto90%of value without insurance.

Please explain to the loans officer whether this policy is acceptable (and why or why not, i.e. also discuss any practical dangers in the real estate market).

ANSWER:XXX