(Ontario) Question: I have clients who bought a rented condo 2 years ago, we did not know that the seller’s real estate agent was the renter. The agent never disclosed …
No Delivering or Receiving Notices in Multiple Representation
Question: “When brokerage represents both the Seller and the Buyer (multiple representation) the brokerage is not entitled or authorized to be an agent for either the Buyer or the Seller …
Commission Reductions in Ontario
Question: I just got a call from a buyer agent who is presenting an offer and would like to reduce commission substantially. We are aware we will be in multiple …
Updating the Deal: Acceptance Following the Irrevocable
Using the Correct Documents Sometimes, even when the two sides are working together very successfully, they just run out of time. Well-intentioned, but the acceptance just wasn’t finished off in …
Too Much Information Presents Ethical Dilemma
(Ontario) Question: I attend a listing appointment and the Seller says: “I have had water in my basement but you cannot tell anyone.” I explain that we need to disclose, …
Current Status of the SPIS in Ontario
Use Form 820 The SPIS has now fallen into disuse. You would rarely come across it today. It had been a mandatory requirement by a number of Boards but not …
SPIS Disclosure Problem (Ethical Considerations)
Question: If your client has filed out an SPIS form but has requested you do not show it, however, on the form they did note the basement leaks. You then …
SPIS – as controlled by a “Magician”
SPIS Question: According to the Code of Ethics sales person should disclose the existence of the SPIS to all interested buyers, if he/she knows that one has been completed, unless …
Section 18 Disclosure of Interest under the Code of Ethics
This section for some reason is always under debate. This is the section: Disclosure of interest 18. (1) A registrant shall, at the earliest practicable opportunity and before any offer is …
Section 32 Disclosure of Interest under REBBA, 2002
This section for some reason is always under debate. This is the section: Acquisition or divestiture by registrant 32 (1) Unless the registrant first delivers to all other parties to the …