The Clarity Document In Part 1, we looked at the requirement under RECO for the production of a legible document. A custom had developed among certain real estate agents to …
Clarity Clauses, Agreements and Documents (Part 1)
The Technology over the Years The Real Estate and Business Brokers Act (REBBA 2002) was enacted 31 March 2006 and brought into force a number of new provisions for the …
The Two Spring Markets
Just about everybody wants to know when the Spring real estate market begins. Actually, so do I. It’s different each year! If you were to examine the market from an …
Dual Agency: A Possible Resolution
There are certainly some problems with dual agency, the most critical of which is the inherent unresolvable conflict of interest. But, even if it cannot be resolved, perhaps a suitable …
Dual Agency and the Medical Profession
The laws of agency have their origins in the 17th century BC. The early origins of the Hippocratic Oath for doctors arose in the 4th century BC. It is no …
Dual Agency and the Legal Profession
Lawyers act for their own clients. They don’t act for opposing parties in the same deal or adversaries in Court. The basic element of the agency appointment for lawyers is …
Dual Agency: Negotiator or Mediator
There is a basic presumption underlining the discussions of dual agency and that is, an agent should be a negotiator and not a mediator. Maybe that’s true, and maybe it’s …
A Judicial View of the Use of the Seller Property Information Statement
Sometimes it’s difficult to determine what Judges think about ordinary and customary practices in the real estate industry. Judge Cozens offered a comment upon the use of the disclosure statement, …
Alien’s Real Property Rights
Alien’s Real Property Rights You might wonder whether aliens can own property in Ontario. The answer is a quick: “yes they can”. The rules related to aliens, who by the …
Home Inspections and Risk Assumption
Recently, I was involved in the acquisition of a property that had several levels of roofs. Naturally, the purchaser agreed to a home inspection. However, there was one little problem: …