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 …

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 …