Another source of laws involving real estate Agents is the Real Estate and Business Brokers Act, 2002. Some of its provisions offer an important grounding for negligence claims. Disclosure of …
Delivery of the Notice of Acceptance
Ontario Question: Acceptance can be communicated to seller’s sales rep by fax or in person. When seller’s rep receives notice, buyer received it in single representation. Acceptance can also be …
Agent’s Negligence: Breach of Contract at Common law
Aside and apart from the Agent’s fiduciary duties, an Agent is obligated to fulfill any contractual promises made. That’s a simple common law obligation, just like anyone else, there’s nothing …
Agency: Duties may be delegated to others
Ontario Question: As a general rule, an agent is expected to carry out the agency duties personally, since the principal expects the agent to accomplish the task the agent was …
Notice to Remove Conditions in Ontario
Question: When do you use notice to remove condition? And what is the difference between waiver and removing condition. The Course suggests that in lieu of a Waiver, you can …
Real Estate Agents’ Liability in Negligence: Various Grounds
It’s entirely possible for real estate agents to make some mistakes, just like everyone else. But, when they do something in their professional practices that causes someone some financial loss, …
Three Models for Bidding in the Real Estate Industry
Essentially, there are three possible models to choose from for the real estate industry: Open Bidding System, Closed Bidding System, Cheating Bidding System. The Open Bidding System This system works …
Mediation as the Solution for Defaulted Real Estate Transactions
There are many years where real estate market sees a sudden and unexpected increase in prices, followed by an equally abrupt and sudden decrease in prices. This means that many …
Swimming Pool Clause which Needs Some Work
(Ontario) Here is a swimming pool clause which many agents seem to be using: “The Buyer and Seller acknowledge that the swimming pool was not operational at the time of …
Showings for Unrepresented Buyers
Question: I received a showing request from my listing. I called the fellow and asked if he was working with a realtor, to which he said no. I told him …