Throw More Money into the Deal, But Not as a Deposit Question: I am acting for a Buyer, and I would like to demonstrate some additional good faith and hopefully …
Lawyers Who Kill Real Estate Deals!
Just as there are bad realtors, there are also bad lawyers who do kill deals Here, I’m really talking about the naïve, inexperienced lawyer armed with a voluminous list of …
Licensed Agent on Duty!
How many times have you seen this sign? Ever wondered what it means? It means nothing. In fact, it’s illegal! Real Estate practitioners in Ontario are governed by the Real Estate …
Irrevocable Clause ~ Improper Use
The irrevocable clause in an agreement of purchase and sale is simply the time limit imposed upon the other party to respond. The major criticisms of realtors concerning the use …
Dual Agency: Concerns and Issues
The entire matter of dual agency in real estate practice remains problematic. How can an agent have two masters? It just doesn’t work! In some ways, the real estate industry …
Limited Dual Agency
Limited dual agency is simply a justification for double-ending a deal. It is nothing more than a euphemistic explanation. There’s really nothing to it. However, let’s run through the restrictions …
Designated Dual Agency
Sometimes, this is shortened to “designated agency”. Let’s use an example to appreciate the distinctions. Bill is a broker and runs a large brokerage in a small town. Sally and …
Seller: Accept, Reject or Counter Offer
Most people seem to know that a Seller upon the presentation of an Offer, may: 1) accept the Offer,2) reject the Offer, or3) counter the Offer. Actually, when it comes …
RECO Discipline: The Elusive Guaranteed Sale
The Real Estate Council of Ontario through its Discipline Committee recently had to consider the case of a guaranteed sale. Briefly, Mr. Smith a real estate agent with 14 years …
Real Estate for Entrepreneurs
One of the best opportunities for investment is owning your own building. This is a great advantage for small business entrepreneurs. If you have a location for your business that …