We have examined this document many times and INFORMED CONSENT is a necessary requirement. The Buyer Representation Agreement is the contract through which a prospective Buyer retains a real estate …
Seller Property Information Statement (SPIS)
Question: Is it still appropriate to use a SPIS in Ontario? Answer: While the SPIS seems to have fallen into disuse, it should be noted that the 2016 version is …
Seller Fails to Vacate: Any Remedies in Ontario?
Question: I am a Buyers’ agent. The sale closes and the Sellers have not moved out! Buyers’ lawyer just told my buyers basically too bad there’s nothing that can be …
Signing the Acknowledgement of Receipt
Question: What happens if the Seller refuses to sign the Acknowledgement of Receipt, for conditions fulfilled like inspection or financing? Answer: If you are the Listing Agent, you have authority …
Multiple Offers – One Round or Two Rounds or More
An issue arising frequently is how to conduct a Multiple Offer “bidding war” by the Listing Agent. There are essentially two choices: One Round – Bring Your One and Only …
Remedies for Leftover Junk on Closing (Ontario)
Question: We are now closing for our buyer client on a home sold “as is”. In the agreement we did not include any clause to the effect that the home …
Notice of Fulfillment or Waiver (The “Debate”)
A question that seems to arise frequently is the use of the Waiver and the Notice of Fulfillment (NOF). When do you use one? And, when do you use the …
Execution of the Mutual Release in Real Estate Transactions
The issue presents itself with every failed transaction. Sign the Mutual Release, give the Buyer his deposit and move on. But, is that really the best idea? In a number …
Returning the Deposit in a Failed Transaction
What documents do you need? You are going to have to have some paperwork for the file. If the deal fell through and the deposit is to be returned to …
Reimbursement for Relocation Costs (Real Estate Commission)
The entire matter of reimbursement for the real estate commission falling under the heading of “relocation costs” is very topical. So, let’s have a look at it. Toronto Property with …