Question: My clients are residents of Canada who are on a work assignment out of the country. Due to work, it is very difficult for them to return to Ontario …
Damage by Fire Prior to closing (Ontario)
Question: If you bought a house today, closing in September, but it burnt down in August… Do you still have to close the deal? Answer: There are several issues which …
How to Negotiate the Non-Exclusive BRA in Ontario
Question: I got a call this morning from a potential buyer to view my listing. I asked if he had an agent…he said I want you to represent me as …
Commission Elimination with Power of Sale
Question: I am concerned about being paid a commission on my listing. The second mortgagee is taking power of sale proceedings. Will the Buyer get proper title? I verified the …
Agent Breaks Into House with Home Inspector and Buyer
As strange as it may seem that’s exactly what one agent did. The Agreement was subject to a home inspection condition. The Listing Agent was going away, so the Buyer’s …
You are “Close”, very dangerous words in a Bidding War!
Right now, the Toronto market is “hot”. It was “hotter”, but we still have bidding wars. Consider the following situation: Buyer #1 Mary is interested in purchasing in a certain …
The Lost Deposit Cheque in Ontario
Question: Firm Buyer deal. I’m the Buyer’s agent. I drop off the bank draft deposit cheque to (and payable to) the listing brokerage and get a receipt. Over a week …
Possibility of a Verbal Agreement Being in Writing (Ontario)
Question: A deal was negotiated and accepted verbally. Paperwork signed by buyer and sent back for the confirmation of acceptance. Listing agent calls to say they got a better offer …
Estate Administration Issues in Ontario
Question: There are 3 daughters. Mom passes and leaves 2 of them as executors. Estate to be divided 3 ways. I receive the Listing. One of the executors now decides …
How to “Register” an Offer (Ontario)
Question: How do you register an Offer in Ontario? Answer: Registration of an Offer is not a defined term in the Act, the regulations or the rules. Having said that …