Question: Here’s a Schedule “B”, any comments: THE PARTIES TO THIS AGREEMENT ACKNOWLEDGE THAT, prior to signing any Real Estate Document (i.e. -Offer, Waiver, Amendment, Notice of Fulfillment – (N.O.F.) …
Two Offers but they are not “Competing”
Question: You are the listing agent of a property. You get an offer under asking price, with conditions. You counter it back to the Buyer a little under asking price. …
Inappropriate Schedule “B” in Ontario
Some Brokerages just won’t leave it alone. There is a standard form OREA Agreement of Purchase and Sale, but they simply have to change it. What is wrong with this …
Condition Subsequent (Ontario)
Question: What is a condition subsequent? Answer: It is a condition which presumes confirmation unless a notice is provided to the contrary. This means the time limit will come and …
Court sides with agent in client legal dispute
In a BC Supreme Court case, a former client alleged the selling agent withheld pertinent market information that led to the sellers receiving substantially less money for the sale of …
Correcting Errors in an Offer (Ontario)
Question: I am the Listing Agent and I received an offer on a property and the Buyer Agent made a few errors. In particular, he put items that are not …
Brokerage: 5 Business Days Deposit
Counting the Business Days Question: The Listing Brokerage has 5 business days to deposit the down payment money in the trust fund. My understanding is that the 5 days start …
Suspensions, Extensions to Listing Agreements and Informed Consent
Question: Assuming that everyone explains the holdover clause at the outset, what would you do in the following situation? The Seller agrees to try listing in the late Fall. It …
Landlord and Tenant Liability for Trip and Fall (Ontario)
Question: Tenant is renting a main floor apartment, trips on steps leading to the front door and injures themselves and will be off work. Who has liability here? Answer: There …
Defaulted Sales in Ontario
You might be interested in an article that I wrote in 2017. Why? Because, it could happen again, right now, in 2020. In the Spring and Summer of 2017, the …