OREA has now drafted up a Schedule “A” to be attached to a Listing. This arose in response to the requirement for clarity when it comes to “services” as set …
TRESA: Services as Outlined by RECO
Under consideration at the present time is the description of real estate services that should be outlined in the Listing Agreement and the Buyer Representation Agreement. Here’s a reference to …
Seller’s Obligations under the Listing Agreement
There are a number of duties, obligations and responsibilities of a Seller under the standard Form Listing Agreement from OREA. Here’s a list: All of the above matters should be …
TRESA: Services Provided to Seller
Under the TRESA legislation there is a reference to the services provided to a client and the corresponding representation agreement. Specifically, TRESA (Regulation 567/05) states as follows: “Contents of …
Seller’s Indemnity under Listing Agreement
You may wish to consider the Seller’s obligations to indemnify under the standard form Listing agreement prepared by the Ontario Real Estate Association (OREA). Here’s what the clause looks like: …
The Missing Indemnity Clause
This is the case of the “missing” indemnity clause. You might think that there is an indemnity clause because the paragraph starts out with the word “indemnification”. But, naturally, that’s …
Listing Agent under Cross-Examination
The Listing agent decides to commence an action against his client for commission. The listing didn’t go well and the property didn’t sell. The Listing agent did next to nothing …
OREA Loses its Identity
Is there any real reason for OREA to exist? No, not really! OREA was in the education business but it was fired by RECO a number of years ago and …
Terminating a Commercial Lease
In most situations the arrangements with respect to the termination of a commercial lease are contained in the Lease itself. However, there are many circumstances where no actual Lease is …
Entire Agreement Clause in Contracts
The entire agreement clause is a standard provision included in many commercial contracts. Here is an example of wording for an entire agreement clause in an Agreement: “This Agreement contains …