If the written offer was made by a person who was a client or customer of a registrant, then the brokerage acting on behalf of the seller shall keep, for …
Cancellation of the Listing ~ Is it Over?
Maybe not! You negotiated and signed a Cancellation with your first agent. Now, you are about to enter into a new listing with your second agent. Might you still owe …
Clients and Customers
Are there any specific duties and obligations owed to Clients that are not owed to Customers under the Act and the Regulations (aside and apart from “best interests)? And, what …
Brian Madigan’s OFFER DOCUMENT SUMMARY
I have been requested to suggest a Form of document which would be sufficient for a Brokerage to hold instead of a copy of the actual Offer. This is in …
Matrimonial Home Designations in Ontario
There is an opportunity under the Family Law Act to designate a home as a “matrimonial home”. You might think that married couples would wish to avail themselves of this …
Informed Consent Form for SPIS (OREA 225)
The real estate associations throughout North American were concerned about the issue of consumer protection. If the seller failed to disclose a defect or actively misled a buyer, real estate …
Can You Do an End Run Around the Agent?
From time to time, a seller will think that the agent didn’t really earn their commission. It may be that a neighbour or friend approaches them after they have …
Seller Property Information Statement Updated and Revised
The common rule of thumb among the legal community is “don’t sign one”. That’s basically good advice, but it may be a little out of date. The basic SPIS document …
Comparing the Commission Clauses in 3 Agreements
There are three basic forms of commission agreements with sellers. They are slightly different. The Listing is agency, the Customer Service agreement is non-agency and the second non agency arrangement …
Proper Completion of Confirmation of Acceptance
Since we know that there is a problem signing the current version of the Confirmation of Acceptance, how should the statement be handled? It looks like you have the following …