Question: I just came across this clause in a Schedule “B” inserted by the Listing Agent. What do you think? “THE PARTIES HEREIN ACKNOWLEDGE, COVENANT AND AGREE that should any …
Another Misguided Schedule “B”
Question: Here’s a Schedule “B”, any comments: THE PARTIES TO THIS AGREEMENT ACKNOWLEDGE THAT, prior to signing any Real Estate Document (i.e. -Offer, Waiver, Amendment, Notice of Fulfillment – (N.O.F.) …
Inappropriate Schedule “B” in Ontario
Some Brokerages just won’t leave it alone. There is a standard form OREA Agreement of Purchase and Sale, but they simply have to change it. What is wrong with this …
Suspensions, Extensions to Listing Agreements and Informed Consent
Question: Assuming that everyone explains the holdover clause at the outset, what would you do in the following situation? The Seller agrees to try listing in the late Fall. It …
Acknowledgement Section of the Agreement of Purchase and Sale (Ontario)
Question: What is the purpose or reason behind having a client date and sign and then date again? Why the two dates? Here’s what it says: I acknowledge receipt of …
Problems when Signing a Buyer Representation Agreement
There are, of course, two sides to every story, but I have heard many versions of much the same thing where the Buyer was simply duped into signing the Buyer …
Working with a Realtor Form for Leases?
Question: When listing a lease, do you get them to sign a Working with a Realtor (WWR) Form 810? Answer: WWR is a strange document and doesn’t meet the requirements …
What Happens when Listing Agent Tries to Steal Your Client?
(Ontario) Question: My client went to an Open House yesterday and the Listing Agent told him: “There are 5 offers. If you don’t have an agent, I will represent you …
MLS Listing Acknowledgement
(Ontario) Question: I just noticed that there are two lines for the date to be inserted at the end of the MLS Form. Why is this? Answer: The first line …
Real Estate Agent’s Advertising “Specialties” in Ontario
Question: RECO recently published a comment to the effect that registrants could advertise a specialty. I thought this was against the law in Ontario? Answer: REBBA, 2002 used to prevent …