Sometimes, agents can run into difficulty giving or receiving proper Notice pursuant to one or more of the provisions contained in the standard Form Agreement of Purchase and Sale. This …
Validity of Unsigned Buyer Representation Agreements
From time to time, Buyers’ Agents want to know what they can do if the Buyer Representation Agreement is not signed. Actually, that’s a very difficult question. However, there are …
Take the Money and Run: An Ethical Dilemma
Sometimes a real estate agent will have confidential information. The ethical question is whether or not they can disclose that information to their client. Well, it all depends, sometimes “yes” …
Rules for Attendance at Buyer’s Visits
A good friend and colleague of mine, Barry Lebow posed the following questions. It is interesting to see how different agents handle these various issues. Set out below are my …
Listing Agreement POA: Enforceable or Not?
We have looked at the Attorney appointed under the Listing Agreement for the purposes of investigation and verification of information. Is it actually enforceable? In many situations, it would not …
Real Estate Auctions
There are some rules about this under the Conveyancing and Law of Property Act: “Auctions of estates when sale deemed without reserve 55 Unless in the particulars or conditions of sale …
A Power of Attorney in a Listing Agreement
That seems peculiar! Here’s the clause: “10. VERIFICATION OF INFORMATION: The Seller authorizes the Listing Brokerage to obtain any information affecting the Property from any regulatory authorities, governments, mortgagees or …
Open Bidding: Let’s Hire a “Puffer”
The Liberals were elected federally and one of their platforms was a change to real estate transactions eliminating “blind bidding”. This means that every Buyer would know what the competing …
Would you Give a Power of Attorney to a Listing Brokerage?
Well, in Ontario, hundreds of thousands of people do every year. It’s not an unlimited Power of Attorney, it does have some restrictions and limitations. Where is it? It’s right …
No Deductions From House Value for Notional Real Estate Commissions
Let’s assume that Bob and Wilma don’t get along. They have been married for 20 years and for the last 12 years have resided in their present home. Somebody has …