Acknowledgement Section: “I acknowledge receipt of my signed copy of this accepted Agreement of Purchase and Sale and I authorize the Brokerage to forward a copy to my lawyer ______________________________ …
Acknowledgement Section
Question: Are you looking for it from the other side? Answer: Yes, of course you are! You need it for two reasons: 2. To enable you to give appropriate notices …
Sunroom Built without Permits
Question: I am representing a Seller who has decided to build a sunroom himself without permits. He now needs to sell. What are the risks? Answer: No permits, but the …
Agreement of Purchase and Sale (Confirmation of Acceptance)
The Confirmation of Acceptance clause in a standard form agreement is of recent origin. However, it is a very worthwhile statement. It is indicative of the fact that the offer or counter …
Commissions Upon Cancellation of Listing
There are many times when a property is listed for sale but it really “never gets sold”. And, that was expected! So, how does the Listing agent get paid? The …
Commissions to be Paid ONLY upon Successful Completion
Question: My Seller client sent me a request upon review of the draft listing agreement. “Can we add a confirmation that if buyer backs out we are not on hook …
Unrealistic Online Evaluations
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 …