Question:What about representing a buyer on a rural listing with an owned gas well on the property? The Listing agent says it is owned and seller doesn’t sell any of …
Disclosure of Buyer’s Inspection Information
Question: Your listing falls apart on inspections (home, septic and well) and the buyer’s agent sends you a list of the issues at your request. It’s a long list worth …
Problem with a Late Deposit on Back-Up Offer
Ontario Question: First: My listing, the property is conditional (different buyer agent) on SBP (sale of the buyer’s property) with 48 hour escape clause. Second offer (not mine) comes in …
Non-Resident Sales Tax and Citizens
(Ontario) Question: If someone is a Canadian Citizen but a non-resident. Do they still pay foreign buyer land transfer tax of 15%? Or it doesn’t apply? I’m confused because they …
Market Drops, Buyer Defaults, Seller Gets Summary Judgment
We know that 2017 was not a good year for residential real estate. The general view that the real estate market is always going up is not necessarily true. In …
Do You Have to Disclose a Back Up Offer?
Depends who you ask! If you ask RECO, the answer is “yes”. If you were to ask a Judge, the answer is “no”. But, not everyone is governed by RECO, …
Over-Holding Seller and Related Problems
(Ontario) The Sellers were to have vacated by 1:30 pm. The problem is that no one told them that including their own lawyer. Mid-morning on the day of closing, no …
Code or Common Law Precedence
(Ontario) Question: REBBA 2002 requires a written agreement, but then Agency Law states that it is not necessary to have a written agreement. Which would take precedence? Answer: The Act …
Multiple Representation By Accident
Question: Can you give me an example of implied agency? Answer: You are the Listing Agent hosting an Open House. You provide a person in attendance with “advice” rather than …
Changes to Buyer Representation Agreement
(Ontario) Question: If a buyer has a buyer agency but the commission is crossed out and the holdover is crossed out then are they just liable until the end of …