Question: I am a Buyer’s representative and I have a buyer purchasing a new build condo. The builder is cooperating. What form do I use to ensure I get paid? …
An Explanation of Real Estate Services (2021)
Working with a REALTOR® The REALTOR® Consumer Relationship In Ontario, the real estate profession is governed by the Real Estate and Business Brokers Act, 2002, and Associated Regulations (REBBA 2002 …
An Explanation of Real Estate Services (2015)
The document reproduced below is entitled “Working with a REALTOR®”. It offers an explanation of agency and customer service. It was drafted by the Ontario Real Estate Association and it …
RECO Discipline: Grow House Disclosure
So, what are the rules related to grow houses? Does the agent have to disclose them? What about the advertising and the listing? 1. At all relevant times Wilma Jones …
The Listing Agent and Buyer’s Letters
Question: If you are a Listing Agent, are you obligated to pass along a Buyer’s letter which supports their interest in the property? Answer: These letters are becoming quite common. …
Death of a Joint Tenant in Ontario
Question: If two people own a home, person A has power of attorney over person B, Person A signs all documentation as POA during sale and Person B dies before …
Who Should be Authorized to Receive Notices By Email?
Question: The NOTICES clause in Agreement of Purchase and Sale Form 100 (Ontario) enables the parties to send notices to one another through either fax or email. Typically, if there …
Alternatives to Cancellation of Buyer Representation Agreement
Are there any alternatives to the outright Cancellation? Absolutely, you could terminate the contract or you could amend the contract, on conditions which might include: Compensation for referrals Extension of …
Can the Seller Disclose Information from the Bids?
Seller’s Disclosure of Bids Question: Is it allowable for a Seller to disclose information about the bids? Assume that one of the bidders is a friend of the Seller. Can …
Can the Buyer Take Back Her Offer? (Part 2)
This is actually a question which arises all the time. Some people will say “yes” and others will say “no”. Let’s have a look at the sequence of an Offer. …