If you are an Agent and you believe that your Buyer needs to retain a home inspector, then: Since home inspectors are not regulated at this time in Ontario, don’t …
When Does the Power of Attorney Start?
This is a very interesting question. Many will say that the Power of Attorney does not start until the person (who granted it) becomes incapacitated. However, that’s not true. Let …
Sub-agency Agreement for Conduct of Open House
Brokerage #1 has been selected for the Listing, but the area is rather remote and Brokerage #1 is not interested in in attempting to secure or develop more business in …
Open Houses Hosted by another Brokerage
Question: Can someone from another brokerage do an open house for you? Answer: This has been the case for 30 years. There are no recent changes and nothing to do …
Agent: Acting for a Buyer
Question: RECO said that if you hold a personal interest, related to your seller or hold any interest in a corporation, you cannot represent a buyer if you are listing …
Time of the Essence and 9 minutes Late
The Ontario Court of Appeal looked at a case where the delivery of the funds for closing was 9 minutes late. That was unfortunate for the Buyer since the Seller …
Cancellation Agreement
Question: I am suspending a listing. My Seller clients are asking for a release form? Which form would that be? Is that even needed since the suspension/cancel form is in …
Designated Representatives and the Agency Appointments
With the new TRESA legislation coming into force on 1 December 2023, a number of changes were made to the practice of real estate. For agency appointments, there are now …
Designated Representation Agreement Change in Schedule “A”
You will need to make this change until OREA amends the Forms. “The paragraph following paragraph #15 shall be deleted and the following shall be substituted therefore: “The Listing Brokerage …
Mere Postings: Represented or Not?
Question: Is a mere posting seller considered a Self Represented Party? Answer: Here is the source in the legislation: “Agreements: Trade in Real Estate Representation required 13.3.1 A brokerage shall not …