Question: I am a Listing agent and the property I am about to list has Kitec, vermiculite and a buried swimming pool. Do these have to be disclosed? Answer: Kitec …
Permission to Contact after Listing is Gone
The Missing Invitation This is intended to apply after the Listing ends. Here’s the actual wording in the Listing Agreement: “In the event that this Agreement expires or is cancelled …
Commercial Indicators 24 February 2023
Commercial Bond Yields CMB5 Year – 3.84%*EST. CANHOU 06/15/28[+0.03%] 10 Year – 3.86%*EST. CANHOU 06/15/33[-0.01%] * denotes interpolated rateGoC5 Year – 3.58%CAN 09/01/27[+0.02%] 10 Year – 3.40%CAN 06/01/32[-] 15 Year – 3.43%*Est. 12/01/36[-0.01%] 20 Year …
Adverse Possession in Rural Area
Question: A property was purchased back in August 2006. New owners have an amicable relationship with the former owners (who are also neighbours) and since purchasing the property from them, …
Restrictive Covenants and Multiple Representation
There can be some unexpected responsibilities with multiple representation. Let’s go through an interesting situation. Bob Jones is a Listing agent, and he is selling Seller Sam’s property. Mary Brown …
Family Cottage and Estate Planning
Question: We have a family ”cottage” (house) where my brother has been living since we built a new house on the lot about ten years ago. The property is still …
Mortgage Rates 17 February 2023
At the present time mortgage rates can usually be negotiated on the following basis. Current Mortgage Rates are “A” Lending: Fixed 4.59%* for insured Fixed 5.24% for …
Brokerage Protocols for Multiple Representation
Brokerages should have in place certain protocols in the event of multiple representation. Sometimes, it’s just one agent, and other times it’s two different agents. When it’s just one agent, …
TRESA in force 1 April 2023
RECO publishes the following Bulletin last year: “Government announces key changes to REBBA effective next year April 19, 2022 New rules aim to increase consumer confidence and protection RECO is …
Unpaid Water Bill: Added to theTaxes
Question: A Buyer client of mine from 2021 has just received a bill from the City telling them that they owe $4,700 for water that would’ve been billed to the …