Let’s assume that you are the buyer’s agent and you have been told that the property have been mortgaged to the hilt, the taxes are several years in arrears, and …
Listing Expiration and the Holdover Commission Clause
Question: I acted for a Buyer who submitted an Offer on a property. The Seller refused to sell, and it’s now off the market. The Seller absolutely refuses to deal …
Confirmation of Acceptance and Who Signs
The purpose of the Confirmation of Acceptance (COA) is to set the clock running. It’s not a document which exists in many jurisdictions, but it is used in Ontario. The …
Understanding the Delivery of Notices under the Agreement of Purchase and Sale
Sometimes, agents can run into difficulty giving or receiving proper Notice pursuant to one or more of the provisions contained in the standard Form Agreement of Purchase and Sale. This …
A More Detailed Explanation of Real Estate Services (2021)
My notes are identified under Comment, and the words outlined in italics, otherwise, this is the standard form document. Working with a REALTOR® The REALTOR® Consumer Relationship In Ontario, the …
Just Who is the Buyer: A Consortium?
Figuring out who your client may happen to be seems straightforward, but in some cases, it can be complicated. A real estate agent will make arrangements to have a Buyer …
Issues with the Time of Completion
The closing date and time should be clear and concise and not pose any particular challenges. Let’s have a look at the standard Form OREA Agreement of Purchase and Sale …
Buyer’s Rep should Sign Commission Agreement and CCR with Builder
Question: I am a Buyer’s representative and I have a buyer purchasing a new build condo. The builder is cooperating. What form do I use to ensure I get paid? …
An Explanation of Real Estate Services (2021)
Working with a REALTOR® The REALTOR® Consumer Relationship In Ontario, the real estate profession is governed by the Real Estate and Business Brokers Act, 2002, and Associated Regulations (REBBA 2002 …
An Explanation of Real Estate Services (2015)
The document reproduced below is entitled “Working with a REALTOR®”. It offers an explanation of agency and customer service. It was drafted by the Ontario Real Estate Association and it …