An issue arises and later it is litigated. What’s the best way to protect yourself? Traditionally, the Policeman’s notes have been the “gold standard”. Well, maybe not anymore! Are the …
Commercial Indicators – 19 April 2024
CMB5 Year – 4.05%CANHOU 06/15/29[+0.03%] 10 Year – 4.19%CANHOU 03/15/34[+0.01%] Floating Rate insured cost of funds5.35%[-] Prime Rate 7.20% [-] GoC2 Year – 4.35%CAN 02/01/26[+0.04%] 3 Year – 4.00%CAN 03/01/27[+0.04%] 5 Year – 3.76%CAN 03/01/29[+0.03%] 10 Year – …
Agreement: Deposit Default Delivery Clause
Question: What about the following clause in Schedule “B” from the Listing Brokerage (not so much from the grammatical correctness standpoint). I am representing the Buyer. “This Offer is subject …
Designated Representation Agreements: Do You Need Schedule “A”?
Question: In your Schedule “A”s, do you delete the role of the Brokerage as a “representative” of the client? Answer: Let’s look at the standard form Listing Agreement for Designated …
Designated Representative Listing: Review
The actual Designated Representative Listing (Form 271) is really not that much different from the standard Brokerage Listing Agreement (Form 200). We will examine the differences. Title of the Document: …
Brokerage Listing: Schedule A
This is Schedule A: Schedule A Listing Agreement Seller Representation Agreement Authority to Offer for Sale This Schedule is attached to and forms part of the Listing Agreement Seller Representation …
Brokerage Listing: Acknowledgement
This is the Acknowledgement paragraph: ACKNOWLEDGEMENT The Seller(s) hereby acknowledge that the Seller(s) fully understand the terms of this Agreement and have received a copy of this Agreement on the …
Brokerage Listing: Declaration of Insurance
This is the Declaration of Insurance paragraph: DECLARATION OF INSURANCE The Salesperson/Broker/Broker of Record ________________________________ (Name of Salesperson/Broker/Broker of Record) hereby declares that he/she is insured as required by TRESA. …
Brokerage Listing: Spousal Consent
This is the Spousal Consent paragraph: “SPOUSAL CONSENT: The undersigned spouse of the Seller hereby consents to the listing of the Property herein pursuant to the provisions of the Family …
Brokerage Listing: Acceptance
This is the “Acceptance” paragraph: “THIS AGREEMENT HAS BEEN READ AND FULLY UNDERSTOOD BY ME, I ACCEPT THE TERMS OF THIS AGREEMENT AND I ACKNOWLEDGE ON THIS DATE I HAVE …