Auditor General’s November 2022 Report on RECO This is the response from the Ministry: “The Ministry of Public and Business Service Delivery (Ministry) would like to thank the Auditor General …
RECO OVERALL RESPONSE
Auditor General’s November 2022 Report on RECO This is the RECO response to the overall Report: “The Real Estate Council of Ontario (RECO) appreciates the work done by the Office …
Auditor General’s November 2022 Report on RECO
The Auditor General for the Province of Ontario just released its Report November 2022 with respect to the Real Estate Council of Ontario (RECO). This will lead to some changes …
Buyer Discovers Appliances are Missing on Closing
Washer and Dryer Missing on Closing Question: I acted for a Buyer client. It closed today. Buyer gets keys and washer/dryer are missing. I put the following in included Chattels …
Disclosure Issues for Realtors
There are basic rules that apply to realtors concerning disclosure. Everyone who is permitted to trade in real estate under the Real Estate and Business Brokers Act, 2002 is subject …
Noisy Neighbours ~ Do You have to Tell?
Actually, it depends upon where you live. If you live in Ontario, you can keep this to yourself. But, one little problem, your agent may have to tell. Listen, this …
Should You Throw Out Old Insurance Policies?
In 2007, it was discovered that it was raining marble at the single best location for real estate in Canada, the intersection of King and Bay Streets in Toronto. Once …
Suicide Disclosure
Question: Does a suicide in the unit have to be disclosed by the seller? Or is it a buyer beware type of situation? Answer: The law does not require the …
Conduct Unbecoming
Question: If a realtor is spreading unkind or derogatory remarks about a-non realtor in her community is she subject to any recourse through RECO? I believe we are not to …
Kitec and the Seller
Kitec Replacement and Condominium Special Assessment Question: Buyer buys a condo on a building with Kitec, firm offer with no inspection or status review although they were provided with the …