The following statement was recently published on a Facebook Group dealing largely with real estate agents: Post Let me teach you how referrals work. Agent A who works and specializes …
Clause Survival
Septic system that works Question: I want to make sure that the septic works on closing. The Listing agent is striking out “survive and not merge”. I was always under …
Pre-emptive Offers and Notification
Question: If on a listing, the Listing Agent has mentioned that they are taking offers on X date and time but Sellers have the right to take/review any preemptive offers. …
Complaints About Real Estate Agents
There actually is a list. RECO has compiled a list of complaints made to it about real estate agents. Here’s an excerpt from the 2022 Annual Report: “TOP COMPLAINTS Registrants …
Keeping Real Estate Files
Litigation Question: What’s the Time Limit Required for Agents? Is there a CRA rule and/or a TRESA rule on this? Under REBBA, Brokerages are required to keep them 6 years. …
Water Leakage and Subsequent Damage after Closing
Question: Buyer buys property in April 2022, firm , no inspection is done, no Form 127 is executed. The basement had a leak which they were told by their own …
Power of Attorney for Personal Care
A Power of Attorney for Personal Care is a legal document that allows an individual (the “grantor”) to appoint another person the “attorney-in-fact” or “agent” or “attorney” to make personal …
Power of Attorney for Assets
A Power of Attorney for assets is a legal document that allows an individual, known as the “principal,” to appoint another person, known as the “agent” or “attorney-in-fact,” or “attorney” …
Improper Use of Home Inspection Clause
Question: Who uses a home inspection as a negotiating tool? Doing a deal, great offer, accepted, but now agent says he always tells his clients to make the offer,but then …
Land Transfer Tax on Leased Land
Question: Does a buyer have to pay land transfer tax on a modular home sitting on a land leased property? Answer: Depends upon how long the lease is. If the …