Use Form 820 The SPIS has now fallen into disuse. You would rarely come across it today. It had been a mandatory requirement by a number of Boards but not …
SPIS Disclosure Problem (Ethical Considerations)
Question: If your client has filed out an SPIS form but has requested you do not show it, however, on the form they did note the basement leaks. You then …
SPIS – as controlled by a “Magician”
SPIS Question: According to the Code of Ethics sales person should disclose the existence of the SPIS to all interested buyers, if he/she knows that one has been completed, unless …
Section 18 Disclosure of Interest under the Code of Ethics
This section for some reason is always under debate. This is the section: Disclosure of interest 18. (1) A registrant shall, at the earliest practicable opportunity and before any offer is …
Section 32 Disclosure of Interest under REBBA, 2002
This section for some reason is always under debate. This is the section: Acquisition or divestiture by registrant 32 (1) Unless the registrant first delivers to all other parties to the …
Signature of Spouse on Listing
(Ontario) Question: The Owner signs the listing and all is good, but then the spouse (common law) not on title REFUSES to sign? Answer: Be sure not to give the …
Showings By Listing Agents to Represented Buyers
Question: I am concerned about the rules and want to know how to handle situations where the Buyer and the Buyer’s agent want me as the Listing Agent to accommodate …
Seller Take Back and “Not More Than”
(Ontario) Question: When a seller take back exists the mortgage clause on the first mortgage should state not more than rather than not less then. So if there is a …
Seller Successful in Damage Award following Defaulted Transaction
The Ontario Court of Appeal dealt with a rather simple and straightforward case in Vatcher v. Quazi on 7 January 2019. The Buyer, Quazi purchased a property from the Seller, …
Seller’s Warranty to Proceed with Estate Sale
In an Estate Sale, the legal process can be extended. In order to ensure that the Seller is acting diligently, you might wish to consider the following clause: “The Estate …