Are Escalation Clauses now Popular?

Question: What about the utilization of escalation clauses in a thriving market? Interested in perspectives from both buyer’s and listing agents when navigating these conditions during the offer process. Considering …

Seven Offers Submitted

Question: We had an agent show one of our listings, he said he has shown his client 20 properties and is going to put conditional Offers in on 7 of …

Basement Leak: Cracked Foundation

Question: Agent in my office came to me with this dilemma. Has a potential listing, delayed due to a cracked foundation/basement leak. Repairs are done and seller doesn’t want to …

Who is Your Client?

You mean you don’t even know who your own client is? Many real estate agents simply don’t know. They don’t care, and they don’t bother to inquire. All of that …

Multiple Representation: When Do You Sign?

Previously, in the Confirmation of Cooperation and Representation (CCR) it was last minute after everything had already gone wrong. Now, we have two new documents, the full explanation and informed …

Multiple Representation: New Forms

Question: Forms 325 and 326. At what point are you getting these forms signed? Answer: Finally, we have some real appreciation of the conflicts that arise with Multiple Representation. Previously, …

Termination Clauses for Listings

It might be wise to adopt a simple approach to terminations. Rather than adopt the risky OREA clauses, why not something simple and straightforward. Leave it out completely That’s about …

Termination Provisions: TRESA

The new TRESA legislation deals with requirements of agreements. Regulation 567/05 includes the following: Contents of written agreements 13.4 (1) A brokerage shall not enter into a written agreement with a …