(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 …
Up the Commission
Question: I had an agent flat out tell me, in writing, that if we didn’t up the coop he wouldn’t take it to his client and I quote “If you …
Rule out Dual Agency in Ontario
The concept of dual agency in Ontario is largely focused upon one Sales Representative acting for both the Seller and the Buyer in the same deal. By accident, since the …