An issue that has arisen recently is the matter of referencing certain matters in a Listing Agreement. RECO said that you should have a Schedule “A”. OREA prepared a Schedule …
Listing Agreements: Schedule “A”
An issue that has arisen recently is the matter of referencing certain matters in a Listing Agreement. RECO said that you should have a Schedule “A”. OREA prepared a Schedule …
Termination Clauses Under Agency Appointments (Part 2)
It is important to be aware of the following provision in the new TRESA legislation: “Multiple representation 22. (1) A brokerage shall not represent more than one client in respect …
Termination Clauses Under Agency Appointments
It is important to be aware of the following provision in the new TRESA legislation: “Multiple representation 22. (1) A brokerage shall not represent more than one client in respect …
Creation of Implied Agency
Question: Can a buyer client create an Implied Relationship? Answer: With your question, right at the outset you referred to the buyer as a “client”. So, that’s it right from …
Working with a Realtor FORM
This document which was initially intended to explain agency has now been eliminated in its entirety. It was helpful in documenting the time when agency actually commenced. The Consumer selected …
Agent’s Liability for Statements
Question: Let’s say someone has been out-showing homes without a Buyer Representation Agreement (BRA) and that “consumer” then goes and buys a house you showed them with another agent but …
Justification for Multiple Representation
This was an article published several years ago, when “multiple representation was under review in many jurisdictions throughout the United States. It now is topical, in Ontario, since it still …
Disclosure Documentation for Known, Latent, Material Defects under TRESA
We all know that there is a brand new obligation arising under TRESA, and that is the disclosure of known, latent, material defects by the Listing agent. This is not …
No Agent: Caveat Emptor Still Applies
Have a look at s. 22.2 (1) under TRESA (Regulation 567/05): 22.2 (1) If a seller has a legal obligation to disclose a fact to the buyer and the fact is …