Question: Holdovers, do they really protect us? Sellers were under contract and backed out of a conditional deal they didn’t want to agree to terms of the deal. Listing terminated. …
Condo Parking Space Sold: Tax Implications
(Ontario) Question: My client has just sold their parking space. What happens about the tax? Answer: If the parking space was acquired initially with the unit, and the unit was …
Lawyer’s Review Clause
Business Terms Question: Does the Lawyer’s review clause provide a free walk? Answer: No, the lawyer’s review clause doesn’t provide a free walk. There still needs to be something of …
Commission Deficiency Ontario
Question: If there is not enough commission to pay the Buyer’s Agent on closing, can the Buyer’s Agent sue the Buyer directly for full payment or the shortfall under the …
Inspection Conditions for “As Is” Properties
Question: If a house is being sold “as is” can you personally pay for a building inspector as a condition if you put a bid on it? Answer: All real …
Commission Clawback
(Ontario) Question: In Broker’s Remarks on an MLS, it states the following: “Cooperating Broker will pay Listing Broker a Referral Fee of 40% of the Cooperating Broker Commission if the …
Disclosure Framework For Consideration
Agents should really have at least 6 different frames of reference for the answers to any disclosure question relating to material facts: Representing the Seller as a Client Representing the …
Disclosure: Lack of Insulation
Question: Seller is listing their 100+ year old house. They know there is no insulation in the walls. Does this need to be disclosed? Answer: There doesn’t appear to be …
Can You Spot the Problem (Hydro Pole)
Certainly it would seem very obvious that if the hydro pole is in the middle of the driveway, then the driveway would be rendered useless for vehicular traffic other than …
Non- Disclosure of the Murder
A decision of the BC Court of Appeal confirmed that a Seller did not have to volunteer the fact that a murder had taken place.. There’s actually nothing new. The …