This is an interesting question and hundreds of thousands of dollars can turn on the answer. Recently, the Ontario Superior Court of Justice had to consider that question. The Buyers, …
Related Party Disclosure Form
Ontario Question: Is there a specific disclosure form I have to use when doing an agreement if I’m related to my client? I know I have to include a disclosure …
Registration of the Unsigned Offer
Ontario Question: You get a notification from your office that an agent has “registered an offer” on your listing. You don’t see anything in email for an hour. You follow up …
Payment after Power of Sale Listing
Ontario Question: After power of sale proceedings are initiated and when the house is listed can the Owner who “went under” bring his account back to good standings and have …
Calculating the Second Search Date
Non Title Search Period Calculation in Ontario All non-title searches include the work orders, deficiency notices etc. and they all have the same time period associated with the offer. This …
Multiple Representation – Two Buyers
(Ontario) Question: How do two agents at ABC Brokerage know that they both are in multiple representation on the same listing if they never saw one another? Answer: RECO takes …
Multiple Offers – New Fair Rules
Ontario Up until now, the rules have been fair for Sellers, but not particularly for Buyers. With some small changes we could probably level the playing field somewhat. Standard Offer …
Inspection Clause and Contract Termination
Question: If a home inspection report reveals defects about the property can the buyer simply decide not to proceed? Answer: The law on this point was changed a few years …
Inspection and the Listing Agent’s Presence
Question: What happens if the Listing Agent wishes to attend the Buyer’s home inspection? Answer: There is no right to the exclusive use of the property during an inspection. If …
Local Improvement Rates in Ontario
Question: A few weeks after closing the Buyers client call their salesperson Joe and they are very upset. They have received a notice from the municipality that an additional $2,200 …