Just when does the day begin? Sometimes, a minute or two can make a real difference. For real estate, there are days and then there are days. There are closing …
48 Lanes for 401
48 Lanes for 401 Certainly, that would be about the right number today, if we wanted an efficient system. Obviously, we don’t; we are still at 16 lanes across the …
Your Real Estate Photographs Might be Owned by a Monkey!
This would indeed be awfully strange, but we will have to look at the law related to copyright and ownership. The “creator” is entitled to the copyright, which basically as …
The Extra Value of Some Corner Lots
What do you think about corner lots, are they good or bad? The answer may depend upon the municipality and when the lot was created. 100 Years Ago Originally, land …
Listing Agreement POA: Enforceable or Not?
We have looked at the Attorney appointed under the Listing Agreement for the purposes of investigation and verification of information. Is it actually enforceable? In many situations, it would not …
A Power of Attorney in a Listing Agreement
That seems peculiar! Here’s the clause: “10. VERIFICATION OF INFORMATION: The Seller authorizes the Listing Brokerage to obtain any information affecting the Property from any regulatory authorities, governments, mortgagees or …
Time and Time Zones
Question: I am buying a property in Kitchener, Ontario but I am in Calgary Alberta. How do I deal with the “time”? Answer: The Agreement of Purchase and Sale already …
Would you Give a Power of Attorney to a Listing Brokerage?
Well, in Ontario, hundreds of thousands of people do every year. It’s not an unlimited Power of Attorney, it does have some restrictions and limitations. Where is it? It’s right …
Irrevocability Clause –Ambiguity Resolution
One of the very basic steps in the Offer/Acceptance interplay is the irrevocability provision. One would expect absolute certainty here, but do we actually have it? Irrevocability Provision This is …
Waterfront Condos: Toronto or Florida?
Well, if you are talking about the weather, Florida for sure, but if you are looking at real estate as an investment, study the situation carefully. You might be surprised! …