Contract Start Time

Question: Precisely, when does a contract start to run? When does the clause time actually start? Assume an offer is going on via fax. The Seller is in a different …

Commission Sharing Agreements

Real estate agents often work in small teams, or align themselves with others for specific projects. Here’s an example of an arrangement between John and Robert. John’s brother William is …

SPIS and the Entire Agreement Clause

In 2007, the purchasers Adam and Olga Soboczynski bought a house in London, Ontario from Don and Louise Beauchamp. They had owned the house since 2001 and had not experienced …

Two Reasons for the Deposit

There are actually two basic reasons for a deposit in a real estate transaction: 1)     to constitute security for payment, and 2)     to establish a pre-estimate of the damages in …