Ten Days: When’s it Due?

Question: If an Offer was accepted on March 28th (2024) at 11:50pm with 10 days for status certificate delivery, when would the listing agent have to supply the status certificate? …

Brokerage Listing: Definitions

This is the Definitions paragraph: “1. DEFINITIONS AND INTERPRETATIONS: For the purposes of this Agreement (“Authority” or “Agreement”): “Seller” includes vendor, a “buyer” includes a purchaser, or a prospective purchaser. …

Brokerage Listing: Introduction

Let’s have a look at the OREA standard form Listing Agreement and see what it says. This is Form 200 for Brokerage Representation. Essentially, this is the same Form as …

Information Guide Explained # Commercial

Commercial Explained This section is entitled “Working with a real estate agent”: “Agents in Ontario must be registered, which requires completing the necessary education, and carrying consumer deposit insurance and …

Information Guide Explained #7

Complaints This section is entitled “How to make a complaint”: Brokerage firms and real estate agents working in Ontario must be registered with RECO. Ontario brokerages and real estate agents …

Information Guide Explained #6

Sharing Offer Content This section is entitled “A note about content of other offers”: “You may have seen articles in the media about open bidding, or an open offer process. …

Information Guide Explained #5

Multiple Representation This section is entitled “Understanding multiple representation”: “Multiple representation means a designated representative or brokerage represents more than one client, with competing interests, in the same transaction. This …

Information Guide Explained #4

Listing Agreements ab Buyer Representation Agreements This section is entitled “Signing a contract with a real estate brokerage”: “When you become a client, you sign a representation agreement with the …

Information Guide Explained #3

The Self-represented Party (SRP) This section is entitled “Know the risks of representing yourself”: “If you are involved in a real estate transaction and are not a client of a …