Question: Offer was sent back a few times and is barely readable due to scanning. If I were to redraft the contents of the offer on a new offer form, …
RECO Disclosure: Lawsuits
Question: I am making an application to RECO for reinstatement. Do I have to disclose lawsuits or pending litigation? I am currently involved in a lawsuit with a former business …
Deposit Receipt for the Buyer
Question: What is the rule for how quickly a brokerage has to provide a deposit receipt? I am concerned about e-transfers, direct deposits and wire transfers. Since the days of …
Agents’ Duties Following Pre-Offer Inspection (Ontario
Question: What is the Buyer’s Agent’s disclosure responsibility if they find something major during the home inspection? I thought the Listing Agent has to disclose to future buyers if one …
Two Offers but they are not “Competing”
Question: You are the listing agent of a property. You get an offer under asking price, with conditions. You counter it back to the Buyer a little under asking price. …
Acquiring a Property in Ontario by a Registrant
Question: I am an Agent. Is there any benefit of putting it through my brokerage? Answer: There is no legal obligation to place it through your Brokerage unless it so …
Problems when Signing a Buyer Representation Agreement
There are, of course, two sides to every story, but I have heard many versions of much the same thing where the Buyer was simply duped into signing the Buyer …
What Happens when Listing Agent Tries to Steal Your Client?
(Ontario) Question: My client went to an Open House yesterday and the Listing Agent told him: “There are 5 offers. If you don’t have an agent, I will represent you …
The Duty to Disclose Kitec Plumbing by Real Estate Agents
Just what is Kitec? Kitec plumbing is made up of flexible aluminum pipe between an inner and outer layer of plastic pipe (PEX pipe) with brass fittings. Kitec was sold between 1995 …
Fundamental Difference Disclosure
Stigma Disclosure in Canada Revisited For years, I followed what I believed to be the traditional advice of lawyers concerning disclosure and caveat emptor. Basically, there had to be a …