Concept of Agency Question: Which of the following statements describes the concept of agency? 1. an agent is a representative who is expected to have greater expertise than the principal …
20% Deposit is Good
The Ontario Court of Appeal just had an opportunity to consider the size of a deposit in an agreement. If it’s too large, it might be struck down as a …
Deposit Too Large to be Forfeited
On occasion, a deposit can be too large. Then, it becomes something of a penalty if it’s lost. The Court has the right to grant “relief from forfeiture” when it’s …
Payment of Commission with a 0% BRA
From time to time, an agent with complete a Buyer Representation Agreement and charge “0 %” in the commission clause. Does this mean that the agent doesn’t get paid if …
Witnessing Signatures Electronically in Ontario
Question: Can we witness docusign signatures? Answer: Yes, but only if you are physically present and see the person actually sign. There’s room on the Form. Only Powers of Attorney …
Witnessing an Agreement in Ontario
Question: The Witness of (or at) an Agreement of Purchase and Sale: (A) Full legal name of the witness must appear of the agreements. (B) Any competent person can be witness the agreements …
Witnesses on Real Estate Documents
Ontario Question: Is the witness signature mandatory in the Form 100, being the Standard Form Agreement of Purchase and Sale? Can anyone sign as witness? Are there any restrictions? Answer: …
What Happens to the Bonus Added to the Commission
Ontario? Question: What about adding a bonus to buyer’s Agent’s commission….does it work? I have a high end property that I would like to see more activity on and have …
Warring Spouses Selecting an Agent
Question: I’ve heard of feuding spouses in a divorce hiring two different realtors to list their matrimonial home because they couldn’t agree on who to hire. What is the “best” …
The Sudden Appearance of the Competing Offer
Question: Property is listed for 22 days, second showing today and clients decide to put in an offer, 2 hours after offer submission suddenly there is another competing offer! This …