Question: Seller signs listing with signature date of August the 5th with commencement date of August 10th for MLS. Seller now decides that he doesn’t want to list it. Is …
Sorry, Just Moving In! (RECO Discipline)
This is just one more “trespassing case”. Here, the Buyers had a deal and the transaction was scheduled to close on 24 April 2015. The Buyers completed the final inspection …
Silence on TMI (Taxes Maintenance and Insurance) Commercial Lease
Question: Does a Landlord have to give advance written notice to a Tenant of an increase to TMI? (ie. 60 days written notice?) Answer: Usually, you would find something in …
Selling in Ontario using a Power of Attorney
Question: I expect to be the Listing Agent. A son and his parents are the registered owners of residential property in Ontario. The parents are currently in Europe. Is it …
Signing the Buyer Representation Agreement (A Judge’s Advice)
We have examined this document many times and INFORMED CONSENT is a necessary requirement. The Buyer Representation Agreement is the contract through which a prospective Buyer retains a real estate …
Seller Property Information Statement (SPIS)
Question: Is it still appropriate to use a SPIS in Ontario? Answer: While the SPIS seems to have fallen into disuse, it should be noted that the 2016 version is …
Seller Fails to Vacate: Any Remedies in Ontario?
Question: I am a Buyers’ agent. The sale closes and the Sellers have not moved out! Buyers’ lawyer just told my buyers basically too bad there’s nothing that can be …
Revoking Offers Prior to Acceptance
Can an Offer be Revoked? This seems to be a question that arises rather frequently. Let’s have a look at some of the issues. Question: Consider the following scenario. A …
Signing the Acknowledgement of Receipt
Question: What happens if the Seller refuses to sign the Acknowledgement of Receipt, for conditions fulfilled like inspection or financing? Answer: If you are the Listing Agent, you have authority …
Multiple Offers – One Round or Two Rounds or More
An issue arising frequently is how to conduct a Multiple Offer “bidding war” by the Listing Agent. There are essentially two choices: One Round – Bring Your One and Only …