Question: What about the following clause in Schedule “B” from the Listing Brokerage (not so much from the grammatical correctness standpoint). I am representing the Buyer. “This Offer is subject …
Brokerage Listing: Commission
This is the Commission paragraph: “2. COMMISSION: In consideration of the Listing Brokerage listing the Property, the Seller agrees to pay the Listing Brokerage a commission of ……………% of the …
Ten Days: When’s it Due? (2)
Banking Days Question: If an Offer was accepted on March 28th (2024) at 11:50 pm with 10 days for status certificate delivery, when would the listing agent have to supply …
Ten Days: When’s it Due?
Question: If an Offer was accepted on March 28th (2024) at 11:50pm with 10 days for status certificate delivery, when would the listing agent have to supply the status certificate? …
Deposit Holder and Interest
Have a look at the Deposit clause in the standard Form Agreement of Purchase and Sale: “………….by negotiable cheque payable to ……………………………………………………………………………………………………………. “Deposit Holder” to be held in trust pending …
Deposit in the Agreement of Purchase and Sale
When Due? The standard Form OREA Agreement of Purchase and Sale makes the following reference to the Deposit: “DEPOSIT: Buyer submits …………………………………………………………………………………………………………………….(Herewith/Upon Acceptance/as otherwise described in this Agreement) ……………………………………………………………………….Dollars (CDN$) …
Precise Time of “Acceptance”
Let’s look at the timeline: Friday Saturday Sunday When was this Offer actually accepted? It was ACCEPTED when the written message either by letter (document), fax or email was sent. …
Conditions Start When?
Question: Conditions question. My buyer client had an Offer accepted last Thursday at 1:30 pm. It was irrevocable until 11:59 pm Thursday. Seller does not do e-signature and his out …
Customers Are Gone
There’s no such thing as “Customers” anymore. Customer Service under REBBA, 2002 continued until 30 March 2024, that’s assuming that you had such an arrangement in place prior to 1 …
Purchase Price: What could go Wrong!
The standard form Agreement of Purchase and Sale sets out the following: “PURCHASE PRICE: Dollars (CDN$) ……………… ………………………………………………………………………………………………………. Dollars” That seems simple enough. What could possibly go wrong? The …