Question: Can a buyer client create an Implied Relationship? Answer: With your question, right at the outset you referred to the buyer as a “client”. So, that’s it right from …
Disclosure Forms under TRESA
There are a number of new Disclosures required under TRESA. Here’s a partial list: Be sure you record them all and document them in your file going forward. If you …
Working with a Realtor FORM
This document which was initially intended to explain agency has now been eliminated in its entirety. It was helpful in documenting the time when agency actually commenced. The Consumer selected …
March 2024 Session
March Session Times March 18, 19, and 20 (Monday, Tuesday and Wednesday) March 25, 26, and 27 (Monday, Tuesday and Wednesday) Time: 9:30 am to 12:30 pm each day March …
HST Included with Commission
The Listing agreement contains the following reference in Paragraph 2 dealing with the commission: “All amounts set out as commission are to be paid plus applicable taxes on such commission.” …
How Long have You been Licenced?
The correct answer is “zero”. You have never, ever been licenced in Ontario to practice real estate. You may have a driver’s licence, a fishing licence or a hunting licence, …
Assignment Sales and Land Transfer Tax
How much LTT is payable on an assignment? In the Land Transfer Tax Act, the definition of value of consideration: Let assume that John purchases a condo from a Developer …
Fire Insurance: Where did the Money Go!
We looked at an example, the other day: Acquisition Purchase Price: $1,300,000.00 Mortgage: $800,000.00 Fire Insurance: $500,000.00 House Value $500,000.00 At the Time of the Fire with Co-insurance clause: included …
Why is that House Not Being Rebuilt?
There was a fire last May. The entire house was destroyed by fire. The Insurance Company paid to have the remainder leveled and the debris removed. That was 9 months …
Commercial Indicators – 16 February 2024
Commercial Bond Yields CMB5 Year – 4.09%CANHOU 06/15/29[+0.15%] 10 Year – 4.09%CANHOU 03/15/34[+0.13%] * denotes interpolated rateGoC2 Year – 4.51%CAN 11/01/25[+0.16%] 3 Year – 4.11%CAN 09/01/26[+0.14%] 5 Year – 3.78%CAN …