(Ontario) Question: How do two agents at ABC Brokerage know that they both are in multiple representation on the same listing if they never saw one another? Answer: RECO takes …
Inspection Clause and Contract Termination
Question: If a home inspection report reveals defects about the property can the buyer simply decide not to proceed? Answer: The law on this point was changed a few years …
Inspection and the Listing Agent’s Presence
Question: What happens if the Listing Agent wishes to attend the Buyer’s home inspection? Answer: There is no right to the exclusive use of the property during an inspection. If …
Improvident Use of the Keys Prior to Closing
There’s actually a small risk on closing that Buyers and their Agents just might not know about. Possession on closing is allowed at the time the transaction is completed, but …
Loss of Mental Capacity by Sellers
(Ontario) Question: You are the potential Listing Agent and both the husband and the wife (elderly couple) are concerned that the other partner is losing his/her faculties. Answer: Incapacity, incompetency, …
Local Improvement Rates in Ontario
Question: A few weeks after closing the Buyers client call their salesperson Joe and they are very upset. They have received a notice from the municipality that an additional $2,200 …
Liability for Referrals to Other Professionals
(Ontario) Question: Is there any liability imposed upon an agent for a referral? Answer: There are always issues when it comes to referrals. This is actually a professional responsibility under …
Lawyers and Real Estate Commissions in Ontario
Question: Is a lawyer entitled to a real estate commission? In this case, the lawyer is also the Buyer. I received an inquiry from a Lawyer, who also is the …
Earned Commission: Buyer Agent Protection
There are indeed different commission arrangements for both the selling and buying sides. From a legal perspective, it is the Seller who pays both. From an economic perspective, the imposition …
Disclosure by Registrant Seller or Buyer
Ontario Question: I understand if an agent is related to a transaction, a disclosure is a must. I’m confused whether a disclosure is necessary if an agent represents another agent …