The correct answer is “zero”. You have never, ever been licenced in Ontario to practice real estate. You may have a driver’s licence, a fishing licence or a hunting licence, …
Gold (as Real Estate)
It is interesting that one of the best performing asset classes over a period of time has been gold. To some extent this is simply a reflection of economic instability, …
TRESA: How Do You Pronouce it?
There is a new Trust in Real Estate Services Act, which updates and replaces the Real Estate and Business Brokers Act, 2002. The new Act will govern the activities of …
Employee and Self-Employed Tax Deductions
The taxpayer worked for a car dealership, and was employed as a manager. He had an employment contract and was paid $110,000.00 annually. However, he didn’t want to pay taxes …
Awkward and Confusing Terminolgy
Reproduced below is an advertisement used by some Ontario based real estate Brokerages. The problem is that the set out 10 words and go on to define them, but they …
Confusing Advertisement of Confusing Real Estate Terminology
Recently, there are some Real Estate Brokerages advertising and publishing explanations of confusing real estate terms to the public. The only problem is they got all their information from other …
Lots of Competition Out There
Number of Real Estate Agents There are a lot of people in the real estate business. In fact, 109,627 * (according to RECO 2022 Annual Report) registrants in total as …
Real Estate Agents Buying or Leasing a Vehicle
Should a real estate agent buy or lease their vehicle? There really is no definite answer to this question. It “all depends”. There are numerous factors to consider. Fundamental Value …
Condominium Conversions in Ontario
Condominium conversions present additional risks to purchasers since they are not covered under the Ontario New Home Warranties Plan Act. Under the Warranty, a purchaser’s deposits up to $ 20,000 are …
Copyright in Canada
A person who creates something is entitled to a “copyright” in that creation. That means they own it, and no one else can “copy” it without their permission. Usually, the …