Ontario Question: I understand if an agent is related to a transaction, a disclosure is a must. I’m confused whether a disclosure is necessary if an agent represents another agent …
Duties and Obligations Owed to Clients, Customers and the Public
It’s important to have a look at the Code of Ethics under the Real Estate and Business Brokers Act, 2002. Some sections apply to clients, some to customers and …
Insufficient Co-operating Brokerage Commission
Question: What do I do if the co-operating commission is too low? Answer: Here’s the MLS rule R-730 If a Member is unwilling to accept the commission offered on TREB’s …
Deposit Cheque and the Real Estate Trust Account
Question: How many days do you have to make a deposit into the real estate trust account from the acceptance date? Answer: Assuming that the deposit is due upon acceptance, …
Multiple Representation – Winding it up
Ontario Question: If a problem arises in multiple representation and it can only be resolved by winding it up, would then the Brokerage just end either of their Seller or …
Eliminate Customer Service (REBBA, 2002)
There is no point to customer service at all. Most people don’t understand it and with increased concerns for consumer protection, it should simply be eliminated. It serves no useful …
Buyer’s Agent’s Sign
Question: Our office is on the listing side and sold a property for a home being built. They buyer’s agent, after closing but during construction, has posted his For Sale …
Coming Soon Signs
Ontario Question: Can you explain these “Coming Soon” signs I’m seeing all over the place? How does that work? Are the contracts post-dated, but the sellers allow the sign on …
Multiple Representation and Referral
(Ontario) Question: If I sent a buyer referral (a Buyer Representation Agreement was signed previously) to a salesperson (different brokerage) in an area I don’t cover, they find a property …
Holding Back Offers Document in Ontario
Question: Form 244 on a Listing Says: “No Conveyance of Offers Until 5pm Monday, presentation at 8pm” To me it means do not tell me you have and offer, do …