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! …
Real Estate Procrastinators
We all know the type: they look, look and look, but they never buy. For some strange reason, however, they keep on looking! Five or ten years can easily pass, …
Powers of Attorney
Basically, there are two kinds of Powers of Attorney: Personal Care, General for Assets. Most people need them both. The first one deals with daily living decisions which affect the …
Open Concept Plans
For most of the twentieth century, house designs divided houses up into a number of rooms for specific purposes. In the early 1900’s, in addition to the regular rooms, parlours …
The Valuation of Corner Lots
So, are corner lots good or bad? Well, it all depends. Originally, land was subdivided into lots which were all of the same size. That caused a little bit of …