Question: An agent forgot to get a client to initial expiry date on the listing since the change with TRESA. Now client wants out of the listing and is using …
Fees Charged to Self-Represented Parties under TRESA
It has been proposed and discussed that a fee of some nature be charged by a Listing agent or a Buyer’s agent to the Self-Represented Party (SRP) for services like …
Buyer’s Agent Fronts the Deposit
Question: I had a long listed listing up and finally sold conditional. Then, I found out the Buyer’s agent is actually fronting the deposit of $10,000.00 Answer: The Buyer’s agent …
Agent’s Obligation to Protect Public from Mortgage Fraud
An agent is not able to simply discount the interests of the public. A real estate agent has a general duty to act professionally and protect the public from mortgage …
Rural Risks: Water and Sewage
I thought that everyone knew this, that’s the reason why most people live in the City. Rural life has its charm, but there are always issues with both water supply …
No Deposit: Agent’s Responsibility
If the purchaser fails to deliver the deposit, whose responsibility is this? What is the role of the agent? The Real Estate Council of Ontario (RECO), the regulating body for …
The Unprofessional Advertisement
The agent ran an ad that cost $8,000.00! That’s a lot of money for a local ad running in a Periodical. Well, that was the Fine not really the cost of the …
Air Conditioners For Everyone!
Avoid Discipline Charges Free air-conditioners all at the realtor’s expense. And, you might wonder why? It’s very simple. The agent said central air was included. Only one little problem, the …
Complaints About Real Estate Agents
There actually is a list. RECO has compiled a list of complaints made to it about real estate agents. Here’s an excerpt from the 2022 Annual Report: “TOP COMPLAINTS Registrants …
When Should the Suspension Be Served?
RECO needs some help on this. When it comes to “breaking and entering”, that is, giving out the lockbox number to a client, there should be a minimum $15,000.00 fine …