I thought that everyone knew this, that’s the reason why most people live in the City. Rural life has its charm, but there are always issues with both water supply …
The Missing Indemnity Clause
This is the case of the “missing” indemnity clause. You might think that there is an indemnity clause because the paragraph starts out with the word “indemnification”. But, naturally, that’s …
Commercial Indicators – 13 October 2023
Commercial Bond Yields CMB5 Year – 4.49%CANHOU 12/15/28[-0.05%] 10 Year – 4.49%*Est. CANHOU 03/01/34[-0.05%] * denotes interpolated rateGoC5 Year – 4.15%CAN 09/01/28[-0.06%] 10 Year – 3.92%CAN 06/01/33[-0.05%] 15 Year – 3.93%*Est. 12/01/38[-0.04%] …
TRESA: Phase 2 Implementation “when does it come into force”?
The implementation date for Phase 2 is 1 December 2023. That means it’s “in force” effective 12:00 am on the 1st. But, in many cases now we actually have to …
TRESA: Customer Service Coming to an End
The implementation date for TRESA is 1 December 2023. That’s the effective date when the Customer Service relationship can no longer be arranged. However, if such a relationship were previously …
TRESA INDEX
“TREE SAH” This is a List of Topics that I have written about concerning TRESA, indexed by various subjects: General TRESA: How Do You Pronouce it? Agency Who is Your …
TRESA TOPICS
TRESA TOPICS This is a List of Topics that I have written about concerning TRESA. It starts from the most recent to the earliest:TRESA: Phase 2 Implementation “when does it …
Designated Agency and the “Mentor” under TRESA
TRESA will authorize “Designated Agency”. That will be fine and save some significant conflicts of interest. The appointment is made by the Brokerage. The Brokerage appoints Bob to act on …
No Deposit: Agent’s Responsibility
If the purchaser fails to deliver the deposit, whose responsibility is this? What is the role of the agent? The Real Estate Council of Ontario (RECO), the regulating body for …
The Unprofessional Advertisement
The agent ran an ad that cost $8,000.00! That’s a lot of money for a local ad running in a Periodical. Well, that was the Fine not really the cost of the …