Many Brokerages are reluctant to provide a Cancellation of a Listing. Instead they offer a Suspension. That’s just not good enough. This is the type of correspondence which may be …
Local Agents and their “Value”
There is always a caution for agents not to step out of their area. It’s important to note that real estate professionals are registered and entitled to practice throughout all …
Late Deposit
Question Buyer’s deposit cheque arrives late. Buyer proceeds with fulfilling conditions and submits necessary documents. Seller requests preparation of mutual release and signs same. Buyer refuses to sign. Is the …
Joint Tenancy Issues in Ontario
Question: Bob and Martha are brother and sister, they were left a house by their mother, as joint tenants. Martha dies. Can you list the property right away, on Bob’s …
Even Liars Can Win in Court
Credibility doesn’t matter more than the Law! The case of D’Atri v. Chilcott (1974) decided by Mr. Justice Galligan is one of the leading authorities on the law of liability …
Estate To Uses
An estate means an “interest in land”. An estate to uses, is short for “to such uses as the settlor may appoint”. In this case, we have a trust for …
Double Dipping
Under discussion at the moment is the matter of designated agency. It is being suggested as a possible solution to some current agency problems. Before we look at it designated …
Compliance with Bill 55 Phantom Offer Legislation
REBBA 2002 and the Regulations will require copies of agreements to be held, with the exception of the entitlement to use a new summary form and if that is used, …
A Buyer’s Rep Foregoing Commission
The commission is set out in the Listing Agreement. There may be an amount offered to the co-operating brokerage. The Buyer’s agent proposes to provide a benefit to his own …
Collecting the Shortfall from the Borrowers
Business Financing: Recovering the Balance from the Restaurant Operators You financed the restaurant for a friend or relative, and now it’s run into financial difficulty. This could be due to …