Who has to tell? Question If a Seller did not disclose that a forested area behind their house was being turned into a subdivision will this count as not disclosing …
Court Changes Basic Contract Law: Consideration
The British Columbia Court of Appeal just changed the law of contracts on 18 May 2018. It dealt with the issue of “consideration” and appeared to get around a long …
Amending an Expired Buyer Representation Agreement
Question: Since you can’t cancel a buyer representation agreement that has already expired and you cannot amend something that has already expired, how can you cancel out the hold over …
Additional Parties on an Agreement
Question: Is there ever a downside to accepting additional parties as part of an Agreement? I’m talking about extra Buyers. I know that sometimes they are needed in order to …
Accepting the Signback in Ontario
Question: Your Buyer – Offer written with an irrevocable of 6pm yesterday. Seller not available on the road, time expires. Signed back today at a price your buyer is wanting …
Understanding “Absolute Discretion” in Ontario
Question: What does absolute discretion for a Buyer really mean? Can a Buyer walk away from a deal over a GFI plug? Answer: How do you deal with the issue …
Matrimonial Home Issues in Ontario
Question: 1) I know a Matrimonial home can be owned but can it also be leased or rented as long as it is used yearly? 2) Can you have more …
Late Delivery of Deposit
Question: If a buyer brings deposit for the property after 24 hours of offer acceptance; does the purchase and sale agreement need to be amended for the deposit time? Answer: …
Duties and Obligations Owed to Clients, Customers and the Public
It’s important to have a look at the Code of Ethics under the Real Estate and Business Brokers Act, 2002. Some sections apply to clients, some to customers and …
Better Grow Op Clauses
Recently, the Ontario Court of Appeal in Beatty v. Wei dealt with the standard form OREA Grow House clause and concluded that it was insufficient to protect the Buyer. The …