This is the Commission paragraph: “2. COMMISSION: In consideration of the Listing Brokerage listing the Property, the Seller agrees to pay the Listing Brokerage a commission of ……………% of the …
Ten Days: When’s it Due? (2)
Banking Days Question: If an Offer was accepted on March 28th (2024) at 11:50 pm with 10 days for status certificate delivery, when would the listing agent have to supply …
Ten Days: When’s it Due?
Question: If an Offer was accepted on March 28th (2024) at 11:50pm with 10 days for status certificate delivery, when would the listing agent have to supply the status certificate? …
Brokerage Listing: Definitions
This is the Definitions paragraph: “1. DEFINITIONS AND INTERPRETATIONS: For the purposes of this Agreement (“Authority” or “Agreement”): “Seller” includes vendor, a “buyer” includes a purchaser, or a prospective purchaser. …
Brokerage Listing: Appointment, Price and Terms
We will review the wording on a paragraph by paragraph basis. The Titles in Italics are my own to assist you in your review. That are not part of the …
Brokerage Listing: Introduction
Let’s have a look at the OREA standard form Listing Agreement and see what it says. This is Form 200 for Brokerage Representation. Essentially, this is the same Form as …
Information Guide Explained # Commercial
Commercial Explained This section is entitled “Working with a real estate agent”: “Agents in Ontario must be registered, which requires completing the necessary education, and carrying consumer deposit insurance and …
Information Guide Explained #7
Complaints This section is entitled “How to make a complaint”: Brokerage firms and real estate agents working in Ontario must be registered with RECO. Ontario brokerages and real estate agents …
Information Guide Explained #6
Sharing Offer Content This section is entitled “A note about content of other offers”: “You may have seen articles in the media about open bidding, or an open offer process. …
Information Guide Explained #5
Multiple Representation This section is entitled “Understanding multiple representation”: “Multiple representation means a designated representative or brokerage represents more than one client, with competing interests, in the same transaction. This …