Question: A deal was negotiated and accepted verbally. Paperwork signed by buyer and sent back for the confirmation of acceptance. Listing agent calls to say they got a better offer …
What Happens if the Seller Gets “cold feet”? (Ontario)
Question: What happens when the seller decides he doesn’t want to sell anymore. Offer accepted, all conditions met just closing in a few weeks and now seller doesn’t want to …
Defaulting Buyer and the Seller’s Options
Question: I am very suspicious that the Buyer won’t close. I am the Listing Agent and the Buyer’s Agent inquired about the possibility of a Mutual Release. Answer: This is …
Buyer Negotiating Partial Refund of Deposit
Question: I’m the Listing Agent. According to my Seller’s lawyer, the Buyer has changed his mind and doesn’t want to close… and would like half the deposit back! Should we …
Agent Fails to Pay Referral Fee
Steve acted for his two buyers, Albert and Jane. He had a loyalty agreement signed, better known as a Buyer Representation Agreement or BRA for short. The BRA ran from …
Septic and Water Warranties
Question: I am the Listing Agent and I have an Offer which contains very strong septic and water warranties. What can I do here? Answer: The Buyer is obviously looking …
Seller’s Release from Prior Agreement Gives Too Much Power to the First Buyer
Sometimes, there is more than one way to deal with an issue. Let’s look at a situation where Buyer #2 wants to proceed with an Offer on a property. Looking …
Is the Acknowledgement or the Confirmation of Acceptance “THE” Acceptance?
Question: Sellers sign back offer, buyers accepts within irrevocable period signing the confirmation of acceptance. Now the sellers are refusing to sign the Acknowledgment as they have decided that they …
Lawsuit for Seller’s Run Around (Commission is Owed)
Question: I received a full price offer on one of my listings and my Clients, the Sellers turned it down. Then, they let the listing expire. I had some suspicions …
Just What is Offer Registration? (Ontario)
Question: Registering an offer….Do you consider a text or email from another Realtor stating “I have a signed offer for your listing” to be registration of an offer, even if …