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 …

Multiple Representation: Restrictions

In a multiple representation situation, there are some restrictions. Remember, the Brokerage is actually the agent, so any two members of the same Brokerage can activate the multiple representation situation. …

Multiple Offer Disclosure

Obviously, the Listing agent will have to disclose the count. How many Offers are there, and have any of them been withdrawn? The names of the parties as well as …

Are Second Opinions Allowed?

Question: Am I allowed to speak to someone who is under an agency appointment either a Listing or a Buyer Representation Agreement? Answer: Are you allowed to speak to someone …

Meaningless Schedule “B”

We looked at this Schedule “B”: “The Buyer acknowledges that the property is being sold “as is and “where is”.  The Seller makes no warranties as to the following, but …

Zero Impact Schedule “B”

Everyone loves Schedule “B’s”. They are always filled with insight and inspiration! Let’s have a look at this one: The Buyer acknowledges that the property is being sold “as is …

NOF not Required if No Condition

Some seller clients had asked me recently about the fulfillment of conditions form 124. They had emailed me lots of documents which were required to satisfy a condition of purchase. …

PREC and Insurance

Question: Should we be getting insurance for the PREC? The RECO Update course says the PREC is not insured under the RECO insurance but the Registrant still is. Answer: Your …