You are not allowed to provide Notices by Text Message in accordance with The Standard OREA Agreement of Purchase and Sale Form Let’s have look at the Notices paragraph in …
Acceptance By TEXT: Not Permitted
Let’s have look at the Notices paragraph in the Agreement of Purchase and Sale Standard Form (100). Here’s an outline of what is contained: “NOTICES: The Seller hereby appoints the …
Agreement of Purchase and Sale: Patch the Notices Section
This is the provision in the OREA standard form Agreement of Purchase and Sale concerning “Notices”: 3. NOTICES: The Seller hereby appoints the Listing Brokerage as agent for the Seller …
Confirmation of Cooperation and Representation: Could it be used as a Patch?
No Deal: no acceptance This question is directed to the failure to authorize Designated Representatives to give and receive various Documents under the standard form Agreement of Purchase and Sale. …
Agreement of Purchase and Sale: The Notices Section
Notices Section This is the provision in the OREA standard form Agreement of Purchase and Sale concerning “Notices”: 3. NOTICES: The Seller hereby appoints the Listing Brokerage as agent for …
OREA: Whitepaper Conclusions
OREA concluded with the following Summary: “CONCLUSION Overhauling legislation governing an entire profession is a massive undertaking, with real estate reform work spanning several years since the Government of Ontario …
OREA: Strengthen the “Cooling Off” Period for Registration Revocations
OREA: Strengthen the “Cooling Off” Period for Registration Revocations This is the Proposal from OREA: “RECOMMENDATION #9: Increase the mandatory “cooling off” period following a registration revocation to two years …
OREA: Eliminate the Financial Incentive for Bad Behaviour
This is the Proposal from OREA: “RECOMMENDATION #8: Grant RECO the ability to order disgorgement, thereby forcing a registrant to repay all, or some, of the profits earned through a …
OREA: Deterring Bad Behaviour with Stronger Penalties
OREA is recommending stronger penalties against real estate agents. They just made this recommendation. All this is great and it makes some sense, but you do remember that the Auditor …
Designated Representatives and the Agency Appointments
With the new TRESA legislation coming into force on 1 December 2023, a number of changes were made to the practice of real estate. For agency appointments, there are now …