Have a look at this Registrar’s Publication: “Ask the Registrar: Multiple representation and customers March 30, 2017 Do multiple representation disclosure requirements apply when you’re representing one client and one …
Disclosure of Related Party in Ontario
Question: My close relative is purchasing a home, I am his realtor…which disclosure form do I use and which party signs it: 1) 160 – Registrants disclosure of interest2) 610 …
Buyer’s Agent Says they are Waiving their Commission
Question: An agent contacts you that they are bringing in an offer on your Listing, but waiving their commission. Do you disclose to the other agents who are presenting Offers? …
Annotated Version of RECO’s Press Release on Grow-Op Disclosure
Updated: March 29, 2017 Disclosure of Former Grow-Ops I thought that it would be interesting to have a look at the recent Press Release from RECO on this matter. First, …
Does a Buyer Customer Service Agreement Block out a Subsequent Buyer Representation Agreement?
(BCSR vs. BRA) Question: Curious about this scenario: You’re the listing agent and a random lead wants to see the property. So you sign them up with a Buyer Customer …
Real Estate Agent’s Advertising “Specialties” in Ontario
Question: RECO recently published a comment to the effect that registrants could advertise a specialty. I thought this was against the law in Ontario? Answer: REBBA, 2002 used to prevent …
How to Negotiate the Non-Exclusive BRA in Ontario
Question: I got a call this morning from a potential buyer to view my listing. I asked if he had an agent…he said I want you to represent me as …
You are “Close”, very dangerous words in a Bidding War!
Right now, the Toronto market is “hot”. It was “hotter”, but we still have bidding wars. Consider the following situation: Buyer #1 Mary is interested in purchasing in a certain …
How to “Register” an Offer (Ontario)
Question: How do you register an Offer in Ontario? Answer: Registration of an Offer is not a defined term in the Act, the regulations or the rules. Having said that …
Indemnification on a Sq. Ft. Misrepresentation
Question: I am trying to understand the indemnification on a misrepresentation. For instance, the listing agent misdescribed the sq. ft. in the listing according to the seller. The buyer put in …