(Ontario) Question: Doing a deal where the agent is also the Seller. She disclosed UFFI and knob and tube but only in the hallway and said she had a previous …
Agent’s Negligence: Breach of Fiduciary Duties at Common Law
These errors or omissions are really by far the most common and frequent mistakes that real estate agents will make. Agency Obligations at Common Law There are some fundamental and …
Agent’s Negligence: Breach of Code of Ethics
There are a number of potential transgressions under the Code of Ethics which would support a claim in negligence against an agent. Agency Obligations under the Act and Code of …
Agent’s Negligence: Breach Real Estate and Business Brokers Act, 2002
Another source of laws involving real estate Agents is the Real Estate and Business Brokers Act, 2002. Some of its provisions offer an important grounding for negligence claims. Disclosure of …
Agent’s Negligence: Breach of Contract at Common law
Aside and apart from the Agent’s fiduciary duties, an Agent is obligated to fulfill any contractual promises made. That’s a simple common law obligation, just like anyone else, there’s nothing …
Agency: Duties may be delegated to others
Ontario Question: As a general rule, an agent is expected to carry out the agency duties personally, since the principal expects the agent to accomplish the task the agent was …
Real Estate Agents’ Liability in Negligence: Various Grounds
It’s entirely possible for real estate agents to make some mistakes, just like everyone else. But, when they do something in their professional practices that causes someone some financial loss, …
Three Models for Bidding in the Real Estate Industry
Essentially, there are three possible models to choose from for the real estate industry: Open Bidding System, Closed Bidding System, Cheating Bidding System. The Open Bidding System This system works …
Mediation as the Solution for Defaulted Real Estate Transactions
There are many years where real estate market sees a sudden and unexpected increase in prices, followed by an equally abrupt and sudden decrease in prices. This means that many …
Showings for Unrepresented Buyers
Question: I received a showing request from my listing. I called the fellow and asked if he was working with a realtor, to which he said no. I told him …