How would you respond to this? Old high school friend (haven’t seen him since grad 92!) asks for a referral to another area. I set him up. He interviews other …
Merger of Titles in Ontario
Question: I understand that if someone purchases adjoining’ land/properties … that the 2 merge “as one” and would eventually need to be severed before any parcel can be sold. My …
Is Commission Owed on an Agreement which doesn’t Close?
To answer this question we’ll have to look at the Listing Agreement. Here’s what it says: Part 1 “In consideration of the Listing Brokerage listing the Property, the Seller agrees …
Countering an Offer is also a Rejection
Question: You receive an offer for your Sellers. They want to sign it back just a little bit higher, but are afraid of losing the offer. We’ve had the conversation …
Construction Industry – Fair Bidding System (Documents)
Owner / Architect The Owner employs an Architect to come up with plans to construct a building. Once satisfied with the final revisions, the project will “go out to tender”. …
Agent’s Negligence in the Selection of the Title Search Date
It seems unusual for a real estate agent to be selecting a title search date without speaking to the Client’s lawyer, yet, they do all the time. Rarely, if ever, …
Some Estate Planning Techniques for Preserving the Interest in the Matrimonial Home
Question: Here are some additional facts following legal consultation. Jim’s parents will own 1%. Jim will own 99%. Susan will get 50% of matrimonial home should marriage dissolve. Susan needs …
Preserving the Interest in the Matrimonial Home in Ontario
Question: Susan and Jim get married and buy their first home. Jim’s parents are brought onto the title to co-sign. Now, 4 people are now on title for the Susan’s and …
Deposits and Defaulted Deals
Question: What happens if the buyer doesn’t show up with the Deposit. There were no conditions. The deposit was never, ever paid. Answer: I have been involved in hundreds of …
Consideration Issues
“For there to be a valid contract, there must be consideration.” The above is a troublesome question often posed on real estate examinations. It’s unfortunate there there’s so much debate …