Question: Offers tomorrow and one is mine. Can I ask another agent to help with the forms, presentation and negotiations? I don’t feel comfortable in multiples, if my own client …
Agent Fails to Pay Referral Fee
Steve acted for his two buyers, Albert and Jane. He had a loyalty agreement signed, better known as a Buyer Representation Agreement or BRA for short. The BRA ran from …
Two Buyers Same Brokerage: That’s Multiple Representation (Ontario)
Question: Let’s assume the following: ABC Brokerage has a listing for 123 Main Street Sales Rep Bob from XYZ Brokerage acts for Bill and puts in an Offer. Sales Rep …
Competing Offers: The RECO Rules (Ontario)
Question: What are the RECO rules that states that in a multiple offer situation, the listing brokerage must disclose a multiple representation situation? For clarity purposes: Brokerage A lists a …
“Coming Soon” Advertising
Tempted to put a “coming soon” message on a yard sign or in an ad for a property you’ve agreed to sell for a homeowner? Keep in mind that you …
BRA: Wide Reaching ALL of Ontario
Question: I was approached by a Buyer. He signed a Buyer Representation Agreement (BRA), that says “All of Ontario”. Is that legal? The other agent isn’t anywhere near here. Answer: …
Agents: What Continuing Education Courses Should You Take?
The Real Estate Council of Ontario (RECO) which regulates the real estate industry has taken over Continuing Education to a large extent. Previously, this was a field occupied by independent …
Service Choices Alternatives and Avoiding Conflicts
Question: You have a listing, and you are approached by lots of buyers to represent them as the buyer agent, and it’s potentially a multiple offer situation. Do you offer: …
RECO’s Role
It seems curious that RECO feels that it must provide direct real estate advice to consumers, thereby “competing” with its own membership. Three other regulators, namely the Law Society of …
Disclosure of Former Grow-ops
Disclosure of Former Grow-Ops and RECO’s Press Release 25 March 2017 RECO outlines the fact that the Seller and the Listing Agent can collude together to conceal information which they …