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 …
Information Guide Explained #2
The Role of a Real Estate Agent This section is entitled “Working with a real estate agent”: “Agents in Ontario must be registered, which requires completing the necessary education, and …
Information Guide Explained #1
The following sets out the first page of the RECO Information Guide: “About this guide You have received this guide from a real estate agent because: • you are considering …
Information Guide – for Self-represented Parties under TRESA
In addition to the basic Information Guide for consumers, there is an another Information Guide when it comes to self-represented parties under TRESA, 2002: Information to self-represented parties 13.1 (1) If …
Information Guide – TRESA Legislation
It is important to look at the legislation under TRESA, 2002 which outlines the requirements for the Information Guide: “Information guide 13. (1) The registrar shall prepare an information guide and …
April 2024 Session
April Session Times April 22, 23, and 24 (Monday, Tuesday and Wednesday) April 29, 30, and 1 May (Monday, Tuesday and Wednesday) Time: 9:30 am to 12:30 pm each day …
Deposit Holder and Interest
Have a look at the Deposit clause in the standard Form Agreement of Purchase and Sale: “………….by negotiable cheque payable to ……………………………………………………………………………………………………………. “Deposit Holder” to be held in trust pending …
Deposit in the Agreement of Purchase and Sale
When Due? The standard Form OREA Agreement of Purchase and Sale makes the following reference to the Deposit: “DEPOSIT: Buyer submits …………………………………………………………………………………………………………………….(Herewith/Upon Acceptance/as otherwise described in this Agreement) ……………………………………………………………………….Dollars (CDN$) …
Precise Time of “Acceptance”
Let’s look at the timeline: Friday Saturday Sunday When was this Offer actually accepted? It was ACCEPTED when the written message either by letter (document), fax or email was sent. …