This question keeps coming up, so let’s have a look at it. There are a few things to consider when we are talking about a contract. First of all, you …
Contractual Representations and Warranties
Question: I have come across the following: 1) Representation………could be the basis for rescinding the agreement. 2) A breach of warranty ………does not permit the buyer to rescind the contract. If …
Insufficient Co-operating Brokerage Commission
Question: What do I do if the co-operating commission is too low? Answer: Here’s the MLS rule R-730 If a Member is unwilling to accept the commission offered on TREB’s …
Unities In Joint Tenancy
(Ontario) There four unities in a Joint Tenancy. Unity of Interest: means equal sized units. So, two people half and half, three people, a third each, four people a quarter …
Latent Defects: Material and Minor Distinguished
Ontario Question: What is the difference between a material latent defect and a latent defect? I understand a material latent defect must be disclosed, but I don’t understand why a …
Deposit Cheque and the Real Estate Trust Account
Question: How many days do you have to make a deposit into the real estate trust account from the acceptance date? Answer: Assuming that the deposit is due upon acceptance, …
Multiple Representation – Winding it up
Ontario Question: If a problem arises in multiple representation and it can only be resolved by winding it up, would then the Brokerage just end either of their Seller or …
Toronto and GTA Markets in March 2022
This is the recently released report of the Toronto Regional Real Estate Board concerning the March 2022 results: “April 5, 2022 – There were almost 11,000 Greater Toronto Area (GTA) …
Limitation Periods in Ontario
This is a law for procrastinators. You can sue people, but there’s going to be a time limit. So, no matter how good a case you might have, you have …
Investment Property and Family Law Act Consent
Question: As a Listing agent, I was referred a client named Brad (not his real name) who is married to his wife Angelina (also not her real name)… just thought …