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 …
Seller’s Right to Extend Closing Date
When the Seller is involved in an Estate Sale, sometimes they require some additional time to arrange Court approval. Consider this clause The Buyer and Seller agree that the Seller, …
Seller’s Liability for Providing Faulty Inspection Report
I have a question for you more seasoned agents. My buyer purchased a home which already had an inspection done by a previous deal that did not go through. We …
Schedule “B” Missteps (Upon Acceptance)
Schedule B is an extra schedule of terms and provisions included in an Agreement of Purchase and Sale by a Listing Brokerage. It’s not mandatory. A Listing Brokerage will often …
Schedule “B” Missteps #3
Let’s have a look at this clause: “In the event the Financing Condition is not fulfilled or waived by the Buyers, the Buyers agree to provide a document signed by …
Schedule “B” Missteps #2
Let’s have a look at this clause: “In the event that any condition in this offer is not fulfilled or waived by the Buyers, the Buyers agree to provide the …
Schedule “B” Missteps (Herewith)
Schedule B is an extra schedule of terms and provisions included in an Agreement of Purchase and Sale by a Listing Brokerage. It’s not mandatory. A Listing Brokerage will often …