In this situation we will assume an Agreement of Purchase and Sale which is silent on the point. The Seller had a “picture wall” in the front hall. It ran …
When do you get the Buyer Representation Agreement Signed?
Question: When do you get the BRA signed? The Choices: before we make an offer once I decide I want to work with these folks at office before I show …
Utility Withdrawal of Service on Closing and Liens (Ontario)
Question: I acted as the Buyer’s Agent and after closing found out that the hydro services were to be cut off and a lien was to be placed upon the …
Vendor has Obligation to Disclose “Prohibition Order”
The Supreme Court of British Columbia dealt with the matter of the vendor’s duty to disclose Pavenham Development Corp. v. Sladen(1997). The Facts •· The vendor owned a property that …
Two Buyers, One Brokerage: A Strategic Alliance
A Brokerage may represent two different Buyers interested in the same property. Rather than a problem, this could present an opportunity. Imagine this scenario, Bob has been working with Mary, …
Two Agents Conspire To Break Into Seller’s House (RECO Discipline)
This might seem to be an episode of the “Keystone Cops”, but it isn’t. Fred Flintstone listed a property. He negotiated successfully the sale of the property with the Buyer’s …
Trespassers should know Bumble Bee Law!
Are you a trespasser? Do you frequently find yourself on someone else’s property? Then, you should become familiar with Bumble Bee law. There are certain rules that have been established when …
Township Officials Go Soft with Mushy Memories
There are quite a few important elements in the Drolet v. Re/Max Riverview case in 2016. Drolet purchased what he thought was a “buildable lot”, but when he actually submitted …
Theory of Relativity for Real Estate (Part 3: CREA Code of Ethics)
There is one more element to be considered when we are discussing “close relatives” and disclosure obligations. About 70% of the registrants under RECO are also members of organized real …
Theory of Relativity for Real Estate (Part 2: Who Do You Tell)
A question that pops up frequently in real estate is the matter of disclosure when a real estate agent acts for a relative. Let’s consider a simple case. Bob is …