Appraisal Less than Purchase Price

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 …

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 …

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” …

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 …