My notes are identified under Comment, and the words outlined in italics, otherwise, this is the standard form document. Working with a REALTOR® The REALTOR® Consumer Relationship In Ontario, the …
Lawyer’s Approval: What Clause to Use?
You have already decided to include in an Offer “subject to lawyer’s approval”, but what particular clause do you want? Case law seems to suggest that in Ontario, a general clause …
Just Who is the Buyer: A Consortium?
Figuring out who your client may happen to be seems straightforward, but in some cases, it can be complicated. A real estate agent will make arrangements to have a Buyer …
Issues with the Time of Completion
The closing date and time should be clear and concise and not pose any particular challenges. Let’s have a look at the standard Form OREA Agreement of Purchase and Sale …
Is a Back Up Offer a Competing Offer?
This is an interesting question since there are some clear and specific rules governing the “competing Offer” situation. The Real Estate and Business Brokers Act requires a seller representative’s brokerage …
Buyer’s Rep should Sign Commission Agreement and CCR with Builder
Question: I am a Buyer’s representative and I have a buyer purchasing a new build condo. The builder is cooperating. What form do I use to ensure I get paid? …
An Explanation of Real Estate Services (2021)
Working with a REALTOR® The REALTOR® Consumer Relationship In Ontario, the real estate profession is governed by the Real Estate and Business Brokers Act, 2002, and Associated Regulations (REBBA 2002 …
An Explanation of Real Estate Services (2015)
The document reproduced below is entitled “Working with a REALTOR®”. It offers an explanation of agency and customer service. It was drafted by the Ontario Real Estate Association and it …
Your Own 801
If the written offer was made by a person who was a client or customer of a registrant, then the brokerage acting on behalf of the seller shall keep, for …
Estate Sale: Closing Extension Clause
Estate Sale: Closing Extension Clause DELAYED PROBATE Here is a clause provided by a listing agent to be included in the Agreement of Purchase and Sale: “The Buyer and Seller …