(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 …
Defaulting Sellers and Commission Entitlement
Shortly before closing the Sellers have second thoughts. They never should have sold. They don’t want to move and they don’t want to find another place. They decide not to …
Contract Formation Time
Ontario Question: You take an offer of $145,000 to a seller who refuses the price but agrees to a sign back for $150,000, changes the sale price and initials it. …
Calculation of the Second Requisition Date in Ontario
First of all, there is a Second Requisition date. For some reason, not everyone truly appreciated this fact. The date that is inserted is for the title search. Then, there’s …
Flood Plain: A Plus or Minus
Question: In terms of agents’ duties and obligations, who is responsible for finding out if a property is in a flood plain? Is it the listing agent’s responsibility and is …
Subdivision Development: Coming Soon
Who has to tell? Question If a Seller did not disclose that a forested area behind their house was being turned into a subdivision will this count as not disclosing …
Amending an Expired Buyer Representation Agreement
Question: Since you can’t cancel a buyer representation agreement that has already expired and you cannot amend something that has already expired, how can you cancel out the hold over …