Comments: Multiple Representation It seems clear that the Auditor General doesn’t like multiple representation: Seller and Buyer represented by the same Brokerage in a transaction, Two competing Buyers seeking the …
Auditor General Report: Recommendations and Responses (Multiple Representation)
This is an extract of the Auditor General’s report dealing with multiple representation: RECOMMENDATION 13 To ensure that brokerages protect the best interests of the property buyers or sellers they …
Auditor General’s Report: Multiple Representation
4.6 Consumer Protection 4.6.1 Salespersons and Brokers Are Permitted to Represent Both a Buyer and a Seller in a Single Real Estate Transaction This is an extract of the Auditor …
MINISTRY OVERALL RESPONSE
Auditor General’s November 2022 Report on RECO This is the response from the Ministry: “The Ministry of Public and Business Service Delivery (Ministry) would like to thank the Auditor General …
RECO OVERALL RESPONSE
Auditor General’s November 2022 Report on RECO This is the RECO response to the overall Report: “The Real Estate Council of Ontario (RECO) appreciates the work done by the Office …
Auditor General’s November 2022 Report on RECO
The Auditor General for the Province of Ontario just released its Report November 2022 with respect to the Real Estate Council of Ontario (RECO). This will lead to some changes …
Disclosure Issues for Realtors
There are basic rules that apply to realtors concerning disclosure. Everyone who is permitted to trade in real estate under the Real Estate and Business Brokers Act, 2002 is subject …
Suicide Disclosure
Question: Does a suicide in the unit have to be disclosed by the seller? Or is it a buyer beware type of situation? Answer: The law does not require the …
Real Estate Agents ~ Tricky Moves
So, you thought you had an agent? Only one little problem, your agent takes all your secrets and immediately tells the other side. And, it’s legal. At least, that’s what …
Legal Obligations of Agents
Oftentimes, it is difficult to determine precisely the legal obligations owed by an agent. You have to be aware that real estate brokers and sales representatives are regulated under the …