Question: The Agreement of Purchase and Sale contains the following clause: “The Seller and the Listing Agent agree to co-operate in providing access to the property up until the closing …
Understanding the Delivery of Notices under the Agreement of Purchase and Sale
Sometimes, agents can run into difficulty giving or receiving proper Notice pursuant to one or more of the provisions contained in the standard Form Agreement of Purchase and Sale. This …
Title Search Date: When Should it Be?
Question: What date should be inserted into the Agreement of Purchase and Sale for the Title Search date? Answer: Buyer’s Interest From the perspective of the Buyer’s lawyer, you can …
Title Insurance: Is it Necessary?
Ontario Real Estate Source By Brian Madigan LL.B. That’s a good question. Prior to 1997, there was no commonly available title insurance in Ontario and yet it was the norm in the United …
Validity of Unsigned Buyer Representation Agreements
From time to time, Buyers’ Agents want to know what they can do if the Buyer Representation Agreement is not signed. Actually, that’s a very difficult question. However, there are …
The Agreement is About Schedules
The standard form OREA Agreement of Purchase and Sale is all about Schedules. Here’s what the 2021 version states on the first page: SCHEDULE(S) A………………………………………………………………………………attached hereto form(s) part of this …
Take the Money and Run: An Ethical Dilemma
Sometimes a real estate agent will have confidential information. The ethical question is whether or not they can disclose that information to their client. Well, it all depends, sometimes “yes” …
Rules for Attendance at Buyer’s Visits
A good friend and colleague of mine, Barry Lebow posed the following questions. It is interesting to see how different agents handle these various issues. Set out below are my …
Rental Items Clause in the Agreement of Purchase and Sale
The issue of Rental Items has now become quite important in an Agreement of Purchase and Sale. This is the Rental Clause in the standard form OREA Agreement of Purchase …
Registering an Offer in Ontario
Question: What does registering an Offer mean? Answer: This is a term which causes confusion. The difficulty in part arises by reason of the fact that there is no such …