FAILURE to PROCEED after submitting completed 801 Once a registrant has delivered a notice, that doesn’t mean that the have to proceed to deliver the actual Offer. The Buyer’s agent …
Registration of an Offer
Registration of an Offer takes place by written communication of existence of Offer: 1) Delivery of Offer, 2) Delivery of Message, in writing (fax, text, email) or 3) Delivery of …
Holdover Provision Interpretation
Question about a Holdover period: A real estate agent goes to a home of a FSBO. The Seller who is not represented by another agent. The new agent says: “I …
MLS Misrepresentations
Cases: Ontario Courts and RECO Decisions This table collects notable Ontario court decisions and RECO discipline decisions from 2020–2025 that are directly relevant to claims based on misrepresentations in MLS …
Completing Form 320 for a Self Represented Party
Question: An Offer is being presented to a Self Represented Seller (SRP). Form 223 was completed, Commission Agreement with direction for the Seller’s Lawyer to pay the Buyer’s Brokerage directly. …
Review of Compensation Rules under PropTx
Brian R. Madigan LL.B., Broker Note: my comments in italics ARTICLE 7 – REMUNERATION 7.01 The Rules herein are subject to the terms and conditions of the MLS® Listing Agreement …
Designated Representative Listing Patch for 2025
OREA updated Form 271 for 2025. In 2024, the document said: “The Listing Brokerage agrees to market the property on behalf of the Seller and represent the Seller in an …
Understanding the Confirmation of Acceptance (3)
Question Three What is the purpose of the Confirmation of Acceptance (COA)? Answer: The purpose of the Confirmation of Acceptance is to set the clock running. It is not part …
Understanding the Confirmation of Acceptance (2)
Question Two The Confirmation of Acceptance is set out in the Agreement of Purchase and Sale. Who signs it? Let’s look at the following scenario. Two Buyers execute an Offer …
Understanding the Confirmation of Acceptance (1)
Question One When should the Confirmation of Acceptance be signed and who should sign it? Answer: Brian Madigan LL.B., Broker www.OntarioRealEstateSource.com