Under discussion at the moment is the matter of designated agency. It is being suggested as a possible solution to some current agency problems. Before we look at it designated …
Real Estate Agent: Early Termination
What if you have a real estate agent you don’t like? How do you get rid of them? You don’t want to be a complainer, you don’t want to report …
Licensed Agent on Duty!
How many times have you seen this sign? Ever wondered what it means? It means nothing. In fact, it’s illegal! Real Estate practitioners in Ontario are governed by the Real Estate …
Irrevocable Clause ~ Improper Use
The irrevocable clause in an agreement of purchase and sale is simply the time limit imposed upon the other party to respond. The major criticisms of realtors concerning the use …
Dual Agency: Concerns and Issues
The entire matter of dual agency in real estate practice remains problematic. How can an agent have two masters? It just doesn’t work! In some ways, the real estate industry …
Limited Dual Agency
Limited dual agency is simply a justification for double-ending a deal. It is nothing more than a euphemistic explanation. There’s really nothing to it. However, let’s run through the restrictions …
Designated Dual Agency
Sometimes, this is shortened to “designated agency”. Let’s use an example to appreciate the distinctions. Bill is a broker and runs a large brokerage in a small town. Sally and …
Property Managers and Dual Agency
Fundamentally, at common law, there is no such thing as dual agency. To understand agency is to understand that there are certain fiduciary duties owed to the principal by the …
Real Estate Agent: Keeping Relatives Secret
Multiple Representation This could present something of a problem! And, recently it did for an Ontario real estate agent who thought that it would be best if he failed to …
Power Negotiating for Realtors
Sometimes, too much is too much! A realtor’s ability to negotiate a particular transaction is often based upon the client’s bargaining position. Often, this is overlooked. Naturally, if the client …