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 That’s basically good advice, but it may be a little out of date.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 …
Confirmation of Acceptance is Troublesome
The current version of the standard form Agreement of Purchase and Sale by the Ontario Real Estate Association (OREA) includes a “Confirmation of Acceptance. This statement appears below the signature …
Confirmation of Execution has been Replaced
If you look back to the previous version of the OREA standard form Agreement of Purchase and Sale, you will find a Confirmation of Execution. It followed the signature line …