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: Increased Disclosure
In a multiple representation situation, there are some restrictions, but there are also some increased disclosure obligations. Remember, the Brokerage is actually the agent, so any two members of the …
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 How many Offers are there, and have any of them been withdrawn?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 …
Pay Double for the Furnace: Rent it!
Many people are looking for a bargain when they shop. Hence, we have Walmart and Costco. But, nobody likes to read the fine print. So, when it comes to getting …
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 …