Question: I am concerned about the rules and want to know how to handle situations where the Buyer and the Buyer’s agent want me as the Listing Agent to accommodate …
Clawback: Cooperating Commission Clawback
What is the relationship between the Listing agent and some consumer who attends at an Open House? The offer of the co-operating commission is an MLS issue. Fundamentally, it has …
Commission Clawbacks
In relation to Clawbacks in listings “1% reduction for properties show to buyer by listing agent…..”. Here’s RECO’s view. “Dear Mr. XYZ: On behalf of the Real Estate Council of …
Late Notification of Disclosure
Question: Sold a property last night. Once the deal is signed buyer agent tells me. “Oh yaaaa can you sign this disclosure, my wife is the buyer”? Is this legal …
Confidentiality and the Unsuccessful Listing “Pitch”
(Ontario) Question: If something comes up in a listing presentation, does the unsuccessful agent have to maintain silence? Answer: They made the pitch for agency. Fiduciary duties apply. They were …
Inappropriate Neighbour may be Refused Entry
Question: A neighbor is harassing my clients, the Sellers and my sales staff. Can we legally refuse entry at a public open house to this neighbor? Answer: It’s private property. …
Commission Clawback
(Ontario) Question: In Broker’s Remarks on an MLS, it states the following: “Cooperating Broker will pay Listing Broker a Referral Fee of 40% of the Cooperating Broker Commission if the …
Producing Form 801
Ontario Question: Can a listing agent refuse to provide the 801 form to Buyer’s agents in multiple offers? Answer: Yes. The only person who can demand it is RECO. So …
Disclosure of Material Facts
Ontario A real estate agent must investigate, determine and verify the material facts, and then disclose such facts to “their” clients and customers, not other people’s clients and customers, just …
Counting Days in Ontario
Counting the days in Ontario is a question that has come up before. It’s important to get it right, because otherwise the consequences could be disastrous. There are calendar days, …