This is a very serious offence. In this case, a deal fell apart, and the Agent involved actually signed the Mutual Release on behalf of his Buyer client. The Buyer …
Agency Express and Implied
Question: Could you explain the difference between express and implied agency? Answer: You are concerned about the express and implied agency arrangements. For express agency, there’s always an actual “agency …
Multiple Representation with Two Buyers
(Ontario) Question: You have 2 buyers who want to put an offer on the same property. It is another brokerage’s listing. The buyer agent has to tell both of his …
The Complications of the Second Client
The timing issue comes into play, when you have two parties both under contract at the same time. If you get a Listing for Sam’s property, you can show it …
Agency Questions
Concept of Agency Question: Which of the following statements describes the concept of agency? 1. an agent is a representative who is expected to have greater expertise than the principal …
Payment of Commission with a 0% BRA
From time to time, an agent with complete a Buyer Representation Agreement and charge “0 %” in the commission clause. Does this mean that the agent doesn’t get paid if …
What Happens to the Bonus Added to the Commission
Ontario? Question: What about adding a bonus to buyer’s Agent’s commission….does it work? I have a high end property that I would like to see more activity on and have …
Unnecessary Disclosure Cross Examination Risk
Where is the error though? It may be a redundant form being filled out, but nothing in error. Just being overly cautious and signalling that you’re a decent and conscientious …
Salt, Sand and Shovel Before the Open House
Let’s assume that you are a real estate agent and you have agreed to host an Open House for your client. Question: Who is responsible if someone falls on the …
Sales Agent? Yes or No!
(Ontario) Question: I know that the Brokerage is the legal “agent” for the Seller, but what, if any is the role of the actual sales representative? Answer: The real estate …