RECO Discipline In this case, the Listing agent doesn’t present a competing Offer. That’s bad enough if you are the other Buyer, but what about if you are the Seller? …
Ignores Son, Treats Mother as the Client
This is a rather unusual situation. The agent knew the mother and undertook all real estate related activities with the mother although the son was truly the client. The agent …
Real Estate Performance over 20 Years
Let’s have a look at the last 5, 10, 15 and 20 years in the GTA. Here are the average sale prices as reported by TRREB for single family homes …
Real Estate is for the Longer Term: 5 year Performance
Certainly, we are all aware of short term performance in real estate. It’s all over the news, whether it be significant increases or significant decreases. Let’s have a look at …
Construction Liens in Ontario
Construction Liens: 10% for 60 days The law with respect to construction liens has changed over time. There are holdback provisions, time periods and amounts. This was set out originally …
PREC and Insurance
Question: Should we be getting insurance for the PREC? The RECO Update course says the PREC is not insured under the RECO insurance but the Registrant still is. Answer: Your …
Multiple Offers: Guess Who Won?
RECO Discipline Yes, the Listing agent! You are absolutely right. How did you ever guess that? The Listing agent ended up having a Buyer who was interested in the property. …
Not Complex, Just a Lockbox
RECO Discipline This is becoming quite routine. The Buyer’s agent released the lockbox code to her clients. They had actually purchased the property and this was the final walkthrough. She …
Listing Agent: “working the system”
The Listing agent and another agent at the brokerage took on listing for the Sellers. They also took on some prospective Buyers under a Customer Service Agreement. Five other potential …
2022 GTA Market: Up 8.61% or Down 9.21%
17.82% Difference According to TRREB the average price of single family residential real estate, which includes detached, semis, townhouses and condos went up 8.61%. According to me, they went down …