Question: If you are the Listing Agent and you got into multiple offers on presentation night; by the end of the presentations, the house was sold firm and you have …
Service Choices Alternatives and Avoiding Conflicts
Question: You have a listing, and you are approached by lots of buyers to represent them as the buyer agent, and it’s potentially a multiple offer situation. Do you offer: …
Seller Commission Reduction
Question: A property is listed for sale and offers co-operating agents X.5% plus HST. The Co-Operating Brokerage submits and offer reflecting the X.5% The Listing Brokerage without any discussion or …
Disclosure of Former Grow-ops
Disclosure of Former Grow-Ops and RECO’s Press Release 25 March 2017 RECO outlines the fact that the Seller and the Listing Agent can collude together to conceal information which they …
RECO: Disclosure Former Grow-op
Does my salesperson have to tell potential buyers that my home is a former grow-op? RECO Press Release: March 25, 2017 “There are two separate issues to deal with when …
Removing One Tenant from a Lease
Question: If a couple separates while in a lease (both have signed for the year) and one person leaves, can that person have their name taken off the lease (assuming …
Notices in Multiple Representation Situations
Question: Clause 3 (Representation) of the Listing Agreement? “Where a Brokerage represents both the Seller and the Buyer (multiple representation), the Brokerage shall not be entitled or authorized to be …
Written direction for multiple offers
February 21, 2017 Bulletin #2017-1 Overview The purpose of this Registrar’s Bulletin is to explain and clarify the requirement of you, as registrants, to convey an offer to your clients …
Legal Liability Risks for Teams
Recently, there has a been a movement in the real estate industry to creating “teams”. A strong agent will have more work than they can handle personally and if they …
Disclosure of Relatives to Other Party in the Deal
Question: Scenario: commercial property acquisition and you are representing the buyer. Seller agent does not disclose she is related to the seller until after the sign back. Conversations between agents …