The new TRESA legislation deals with requirements of agreements. Regulation 567/05 includes the following: Contents of written agreements 13.4 (1) A brokerage shall not enter into a written agreement with a …
Buyer Representation Agreements: Schedule “A”
An issue that has arisen recently is the matter of referencing certain matters in a Listing Agreement. RECO said that you should have a Schedule “A”. OREA prepared a Schedule …
Listing Agreements: Schedule “A”
An issue that has arisen recently is the matter of referencing certain matters in a Listing Agreement. RECO said that you should have a Schedule “A”. OREA prepared a Schedule …
Termination Clauses Under Agency Appointments (Part 3)
It is important to be aware of the following provision in the new TRESA legislation: “Multiple representation 22. (1) A brokerage shall not represent more than one client in respect …
Termination Clauses Under Agency Appointments (Part 2)
It is important to be aware of the following provision in the new TRESA legislation: “Multiple representation 22. (1) A brokerage shall not represent more than one client in respect …
Termination Clauses Under Agency Appointments
It is important to be aware of the following provision in the new TRESA legislation: “Multiple representation 22. (1) A brokerage shall not represent more than one client in respect …
Buyer: Notice of Revocation
With the new TRESA legislation, we now have lots of new Forms. Here’s Form 108 Notice of Revocation: “Pursuant to the following term of the Agreement of Purchase and Sale …
Buyer and Offer Transparency
The new TRESA legislation permits Offer contents to be shared in whole or in part. Assuming that the Buyer is not pleased with this disclosure of their Offer contents, then …
Rent Some, Not ALL of the Property
Let’s assume that you are a residential Landlord and you own a single family home. The best move would be to rent out some, but not all of the property. …
Time Limit on Residential Leases
Essentially, there’s no time limit on a residential Lease. The provisions under the Residential Tenancies Act prevail over any agreement between the Landlord and the Tenant. While many tenancies start …