Question: An agent contacts you that they are bringing in an offer on your Listing, but waiving their commission. Do you disclose to the other agents who are presenting Offers? …
Commission Risks on Power of Sale
Question: If I’m offered a Power of Sale listing that in my opinion will sell for less than the first and second mortgages combined, is there any way to ensure …
Compensating the Rural Property Listing Agent for Showings
There are several issues which arise in this situation. The problem is commonplace. A property is listed “out in the country” by a rural based agent. It might be a …
Can You Terminate a “Joint Tenancy” by Executing a Will?
Question: I read that “A joint tenant cannot bequeath his or her interest by means of a will…”. Does that mean that even if there is a Will of John …
Words “I have authority…” What if they are Missing? (Ontario)
Question: If someone signs for a Corporation, they will usually add: “I have authority to bind the corporation”. What happens if they miss that? What if they refuse to add …
Agent Fails to Disclose “Marihuana Grow House” to Own Client
This is difficult to believe but it’s true. This matter came on for consideration by the Discipline Committee of RECO. The Buyer was illiterate. He could not speak, read or …
A Buyer’s Swimming Pool Clause for Late Winter
A difficulty arises in the Winter, after the pool is closed and before it is opened in the Spring. If there’s ever going to be some damage, it’s likely to …
Listing Agent Should Share Sales Information with Buyer Client
Question: I am the Listing Agent and I have a buyer asking me for the previous sales report? Am I doing the sellers a disservice if I give them the …
Buyer Sues Real Estate Agent for Misrepresentation
This is an interesting case. It raises a number of important issues. This was a claim brought in Small Claims Court in Brockville by a homeowner who had purchased a …
Agreements Executed in Counterparts
Question: I have a situation where the parties may not all be signing on the same document at the same time yet I want it to be binding on all …