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 …
Buyer’s Holdback for Scratches
Question: What happens if the Buyer threatens to holdback $20,000 from a $935,000 purchase claiming that there are scratches on the floor? These scratches existed before the showing, however he …
RECO Discipline: Zoning and Development Disclosure
This case seems rather straightforward. The owner of a property situate in the Grand River Conservation area lists his property for sale. The agent, Ralph Murphy fails to ascertain the …
RECO Discipline: True Copy of Listing
Well, this might sound a little on the trivial side, but does a registered sales representative have to provide a true copy of the listing agreement to the seller? Of …
Requisitions in an Agreement
This particular paragraph is a little bit confusing so we’re going to have to pick it apart line by line. However, before we do, you have to understand that there …