That doesn’t seem to be very nice. Why would an agent want to do that? Easy! Self-interest, otherwise, they wouldn’t be bothered. So, here’s what happened. Bob Jones a real …
Real Estate Agents at Risk of Fine for Assisting Non-Canadians
There is a new Act, the “Prohibition on the Purchase of Residential Property by Non-Canadians Act” which will have an impact upon real estate transactions. Starting 1 January 2023 and …
RECO Discipline: Holdover Clauses and Agent Liability
The Real Estate Council of Ontario considered a case involving a holdover clause. Mr. Jones a sales representative with ABC Brokerage had a listing on a property from 19 November …
Phantom Offers
The real question is: does the phantom offer really exist! Maybe, and maybe not. A phantom offer, of course, is an offer which is make-believe, it’s imaginary, it’s simply pure …
Agent Concealing Listing and Offer
RECO Discipline This is a rather unusual case that came before the Discipline Committee of the Real Estate Council of Ontario. Here are the allegations of impropriety concerning the agent : 1. …
Real Estate Agent: Keeping Relatives Secret
Multiple Representation This could present something of a problem! And, recently it did for an Ontario real estate agent who thought that it would be best if he failed to …
Theft by a Real Estate Agent: Penalty
Agent took own CMA You might wonder what would prompt a real estate agent to steal from a home. By the way, the defence “I was just getting my own …
Misguided Discipline Decision Thwarts Fiduciary Duties and Contract Law
A rather interesting Discipline Decision was recently released by RECO. Obviously, the Regulator wants everyone to “play nice in the sandbox”, after all we are “Canadians”. The only problem is …
Agent Convicted for “Signing” on Behalf of Client
This is a very serious offence. In this case, a deal fell apart, and the Agent involved actually signed the Mutual Release on behalf of his Buyer client. The Buyer …
Agent’s Negligence: Breach Real Estate and Business Brokers Act, 2002
Another source of laws involving real estate Agents is the Real Estate and Business Brokers Act, 2002. Some of its provisions offer an important grounding for negligence claims. Disclosure of …