Does my salesperson have to tell potential buyers that my home is a former grow-op? RECO Press Release: March 25, 2017 “There are two separate issues to deal with when …
Written direction for multiple offers
February 21, 2017 Bulletin #2017-1 Overview The purpose of this Registrar’s Bulletin is to explain and clarify the requirement of you, as registrants, to convey an offer to your clients …
Disclosure of Relatives to Other Party in the Deal
Question: Scenario: commercial property acquisition and you are representing the buyer. Seller agent does not disclose she is related to the seller until after the sign back. Conversations between agents …
Is a BRA which Omits the “Brokerage” Enforceable? (Ontario)
Question: The client wants out of the BRA. I looked at it and it doesn’t include the name of the Brokerage. Is that enforceable? Answer: It is quite possible to …
Negotiating Commission with a FSBO
Question: Confirmation of Cooperation question: The scenario is as follows – I am representing the Buyer. They would like to submit an offer on a property listed with a flat …
Just What is Offer Registration? (Ontario)
Question: Registering an offer….Do you consider a text or email from another Realtor stating “I have a signed offer for your listing” to be registration of an offer, even if …
What Should you Sign First BRA or WWR?
Question: What should you sign first the BRA or the WWR? Answer: The BRA is the Buyer Representation Agreement and the WWR is the “Working with a REALTOR” document BRA …
Customer Service Notices and Receipt
Question: Could or should “Authority to give and receive notices” on behalf of Seller Brokerage’s customer (seller is customer of listing brokerage), or alternatively on behalf of Buyer Brokerage’s customer …
Warning Buyers about Noisy Neighbours
By Brian Madigan LL.B. Do you have to warn buyers about noisy neighbours? Actually, it depends upon where you live. If you live in Ontario, you can keep this to …
Hourly Compensation For Agents
Question: May I be compensated on the basis of an hourly rate for my services? Answer: Yes, set out below on the sections that apply to compensation. Nothing restricts hourly …