RECO Discipline A property was listed with the following reference: “Income Generating Solar Panels”. No additional information was provided about the Lease or Panels. Solar Panel Lease Portion of the …
Agent Sues in Small Claims Court for Commission
RECO Discipline The Seller of a property utilized the services of an agent to list and sell his property. That took place but ultimately the deal fell through and the …
Another Lockbox Case
Discipline Buyer’s agent Date: 29 September 2020 Decision: August 31, 2022 Contrary to: 3 Honesty and Fairness 39 Disgraceful, Dishonourable, Unprofessional Fine: $5,000.00 pay before 11 November 2022 …
Toronto and GTA Markets in December 2022
GTA REALTORS® Release December Stats TORONTO, ONTARIO, January 5, 2023 “The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022 compared to record levels in 2021. Existing affordability …
Market Indicators – 6 January 2023
Commercial Bond Yields CMB 5 Year – 3.72%*EST. CANHOU 06/15/28[+0.07%] 10 Year – 3.76%*EST. CANHOU 06/15/33[+0.05%]* denotes interpolated rateGoC5 Year – 3.40%CAN 09/01/27[+0.06%] 10 Year – 3.24%CAN 06/01/32[+0.04%] 15 Year – 3.30%*Est. 12/01/36[+0.03%] 20 …
Lockbox Disclosure: Apology and Gifts
RECO Discipline This is another one of those cases, nothing special here. The Buyer’s agent gave the lockbox code to his Buyers, This came out when the Sellers confronted the …
Tricky Moves by Listing Agent
The Listing agent placed the listing on MLS at $799,000 and had some Buyers interested in the property. Two other sets of Buyers surfaced with their own agents. So, Offer …
Listing Agent Withholds Parking Infraction Information From Buyer
A property was listed on October 11, 2016, at $339,900.00.The MLS information stated that the Property had central air conditioning, 4.0 private double wide/asphalt, gravel drive. The deal: October 13, …
Listing Agent Failed to Investigate: It was a Non-Buildable Lot
RECO Discipline There were two agents at the Brokerage. One was senior with a good deal of experience. They both took on the listing of a property which was: Vacant …
Agent Provides Lockbox Code to His Wife
Agent Provides Lockbox Code to His Wife The real estate agent sent his wife, who was not registered along with a prospective Buyer to show a property. During Covid, the …