There is always a caution for agents not to step out of their area. It’s important to note that real estate professionals are registered and entitled to practice throughout all …
Late Deposit
Question Buyer’s deposit cheque arrives late. Buyer proceeds with fulfilling conditions and submits necessary documents. Seller requests preparation of mutual release and signs same. Buyer refuses to sign. Is the …
Double Dipping
Under discussion at the moment is the matter of designated agency. It is being suggested as a possible solution to some current agency problems. Before we look at it designated …
Compliance with Bill 55 Phantom Offer Legislation
REBBA 2002 and the Regulations will require copies of agreements to be held, with the exception of the entitlement to use a new summary form and if that is used, …
Selling a Business in Ontario (Minimum Documentation)
Ontario Real Estate Source By Brian Madigan LL.B. Many business owners like to keep information as confidential as possible. And, this particularly applies to their finances and their books. So, …
Should you Pay Commission to Buy Your Own Property?
That’s an interesting question! How would that work? Let’s assume Bob and Mary have been seeing each other for about 5 years. They are thinking about having a child and …
Offer Presentment (Personally to Seller)
An issue which arises on occasion is the presentation of Offers to Sellers. What is really happening here? The property is on the market, a buyer’s representative prepares and Offer …
Multiple Offers ~ Be Ready!
In Toronto’s competitive marketplace, buyers have to expect that they may be in a multiple offer environment. Basically, this means that their first offer will either be their best offer, …
Disclosure of a Murder in the House Decades Ago
Question: The house across the street is up for sale. It is listed with a real estate agent. I know that the house was a “murder scene” almost 35 years …
Brian Madigan’s OFFER DOCUMENT SUMMARY
I have been requested to suggest a Form of document which would be sufficient for a Brokerage to hold instead of a copy of the actual Offer. This is in …