Question: I had a long listed listing up and finally sold conditional. Then, I found out the Buyer’s agent is actually fronting the deposit of $10,000.00 Answer: The Buyer’s agent …
Two Innocent Parties in Real Estate Fraud
That could be a problem! In fact, that’s how you lose your house. Let’s assume that Bob owns a house in the City and decides to rent it out for …
Seller’s Indemnity under Listing Agreement
You may wish to consider the Seller’s obligations to indemnify under the standard form Listing agreement prepared by the Ontario Real Estate Association (OREA). Here’s what the clause looks like: …
Agent’s Obligation to Protect Public from Mortgage Fraud
An agent is not able to simply discount the interests of the public. A real estate agent has a general duty to act professionally and protect the public from mortgage …
Rural Risks: Water and Sewage
I thought that everyone knew this, that’s the reason why most people live in the City. Rural life has its charm, but there are always issues with both water supply …
The Missing Indemnity Clause
This is the case of the “missing” indemnity clause. You might think that there is an indemnity clause because the paragraph starts out with the word “indemnification”. But, naturally, that’s …
Commercial Indicators – 13 October 2023
Commercial Bond Yields CMB5 Year – 4.49%CANHOU 12/15/28[-0.05%] 10 Year – 4.49%*Est. CANHOU 03/01/34[-0.05%] * denotes interpolated rateGoC5 Year – 4.15%CAN 09/01/28[-0.06%] 10 Year – 3.92%CAN 06/01/33[-0.05%] 15 Year – 3.93%*Est. 12/01/38[-0.04%] …
TRESA: Phase 2 Implementation “when does it come into force”?
The implementation date for Phase 2 is 1 December 2023. That means it’s “in force” effective 12:00 am on the 1st. But, in many cases now we actually have to …
TRESA: Customer Service Coming to an End
The implementation date for TRESA is 1 December 2023. That’s the effective date when the Customer Service relationship can no longer be arranged. However, if such a relationship were previously …
TRESA INDEX
“TREE SAH” This is a List of Topics that I have written about concerning TRESA, indexed by various subjects: General TRESA: How Do You Pronouce it? Agency Who is Your …