Question: I went on a Listing appointment, and the Seller had conducted a price evaluation through RBC online. It came in $300,000.00 too high in my opinion. Then, I checked …
Deposit Timing and Delivery
Question: If an offer is accepted on a Friday and your buyers cannot get the deposit in until Monday, please address that in the offer!!! It says 24hrs, not when …
Deposits and the Mutual Release
Just the Direction Question: When it comes to releasing a deposit back to a buyer when a conditional deal doesn’t firm up (can’t fulfill Sale of Buyers’ Own Property, for …
Defect Disclosures
Question: I am a Listing agent and the property I am about to list has Kitec, vermiculite and a buried swimming pool. Do these have to be disclosed? Answer: Kitec …
Permission to Contact after Listing is Gone
The Missing Invitation This is intended to apply after the Listing ends. Here’s the actual wording in the Listing Agreement: “In the event that this Agreement expires or is cancelled …
Restrictive Covenants and Multiple Representation
There can be some unexpected responsibilities with multiple representation. Let’s go through an interesting situation. Bob Jones is a Listing agent, and he is selling Seller Sam’s property. Mary Brown …
Brokerage Protocols for Multiple Representation
Brokerages should have in place certain protocols in the event of multiple representation. Sometimes, it’s just one agent, and other times it’s two different agents. When it’s just one agent, …
Employees and Sale of Business
If you buy a business and continue the employment of some of those who worked for the Seller, then, you have taken them over with their outstanding employment history. For …
RECO Board of Directors 2023
I have been asked by several candidates for the 2023 RECO Board of Directors to endorse them in their campaigns. Sure, I am happy to help. I just got the …
True Copy of Agreement
From time to time, the issue of a “true copy’ of an agreement comes up. Just what is it? Let’s assume that we are dealing with hard copies of an …