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 …
Listing Agent Fails to Disclose Building Inspector’s Concerns
Blocked attendance: RECO Discipline We looked at this case from the Buyer’s agent perspective where RECO assessed a $6,500.00 fine. This matter involved the Listing agent. On the MLS listing, …
Release of Lockbox Code to Buyers Directly
RECO Discipline RECO released a discipline decision on 22 September 2022. The Buyer’s agent released the lockbox code directly to the prospective Buyers. This was just a “showing” of the …
Failure to Follow Up with Inspector’s Advice
No building permit for beam: RECO Discipline The Buyer’s agent was aware that the Home Inspector had recommended that further investigation be undertaken. The property was vacant, and it was …
What should Consumers expect from Real Estate Agents?
The Real Estate Regulators of Canada is an organization comprised of the various provincial regulatory bodies including RECO, They have a publication concerning proper professional behavior. This is what it …
Ottawa Vacant Unit Tax
The City of Ottawa has passed a By-law dealing with the “Vacant Unit Tax”. It comes into force 1 January 2023 and imposes a tax of 1% of the assessed …
Offer Clauses: Toronto Vacant Home Tax
The City of Toronto has made Purchasers responsible for the added tax which might come as a surprise. So, consider adding the following clause or something similar to an Offer …
Change of Ownership and Toronto Vacant Home Tax
The City of Toronto is looking to place a lien on the property for unpaid taxes. That means that the vacant home tax will become the Purchaser’s responsibility. Have a …
Toronto Vacant Home Tax: The Declarations
“Types of Property Status Declarations Property Status Declaration Description Subject to Vacant Home Tax? Occupied as principal residence of homeowner The property is where you reside and conduct your daily …