From time to time agents will be asked to do a CMA (comparative market analysis), that is an opinion about the current value. These situations are always tricky. If it’s …
Reducing the Buyers from 2 to 1
Question: I am acting for the Seller in a conditional deal with two Buyers: (1) Is it ok remove one Buyer via amendment while the offer is still conditional and …
Material Facts for a Buyer
By Brian Madigan LL.B. Real estate professionals are obligated to conduct their own due diligence when acting for a buyer. That is part of their “professional responsibility”. Here is an …
Brian Madigan’s “Material Facts” CHECKLIST (Use and Disclaimer)
I have taken steps to develop a “material facts checklist” for real estate agents to assist them in the listing process. First, it’s not comprehensive. Second, it’s a work in …
Brian Madigan’s “Material Facts” CHECKLIST Part 5
Here is one further section, on “Environmental Issues”. These will all require some sort of response from the seller/owner. The list of items is not exhaustive. Depending on the question, …
Brian Madigan’s “Material Facts” CHECKLIST Part 4
Here is one further section, on “Local Area and Municipal Issues (Zoning and Building)”. These will all require some sort of response from the seller/owner. The list of items is …
Brian Madigan’s “Material Facts” CHECKLIST Part 3
Here is one further section, on “Property: Use, Boundaries and Limits”. These will all require some sort of response from the seller/owner. The list of items is not exhaustive. Depending …
Brian Madigan’s “Material Facts” CHECKLIST Part 2
Here are two further sections, one on liens, charges and encumbrances and the next on property use, boundaries and limits. These will all require some sort of response from the …
Brian Madigan’s “Material Facts” Disclosure CHECKLIST
It is important in a real estate transaction to be armed with the facts. Material facts are those facts which will be important to a person buying or selling real …
RECO Discipline: Sewage Sytems Disclosure
William Holden is a friend of Bernie Johnson an elderly and unsophisticated owner of a waterfront property. Holden takes the listing and takes a few liberties with the facts. He …