Sometimes, that’s not entirely clear. Lets have a look at a publication from RECO appearing on the RECO website. It appears in the public section of the website. It’s there …
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? …
Listing Agent Should Share Sales Information with Buyer Client
Question: I am the Listing Agent and I have a buyer asking me for the previous sales report? Am I doing the sellers a disservice if I give them the …
What About Designated Agency for Ontario?
Designated Agency was enacted in Nova Scotia effective 1 January 2017. Can Ontario be far behind? CBC Marketplace in 2016 did an expose about conflicts of interest in certain real …
Acceptance of Pre-emptive Offers (Ontario)
Question: “Seller Has The Right To Accept Any Pre-emptive Offer Without Any Notification” Would this be a violation of RECO’s interpretation of the Act and the Code disguised as seller’s …
When do you get the Buyer Representation Agreement Signed?
Question: When do you get the BRA signed? The Choices: before we make an offer once I decide I want to work with these folks at office before I show …
Theory of Relativity for Real Estate (Part 3: CREA Code of Ethics)
There is one more element to be considered when we are discussing “close relatives” and disclosure obligations. About 70% of the registrants under RECO are also members of organized real …
Theory of Relativity for Real Estate (Part 2: Who Do You Tell)
A question that pops up frequently in real estate is the matter of disclosure when a real estate agent acts for a relative. Let’s consider a simple case. Bob is …
Theory of Relativity for Real Estate (Part 1: Who’s Included)
A question that pops up frequently in real estate is the matter of disclosure when a real estate agent acts for a relative. Let’s consider a simple case. Bob is …
Should the Listing Agent Get a Copy of the Buyer’s Home Inspection Report?
From time to time, the house just doesn’t pass the “home inspection”. The usual situation would be that the property is listed for sale. An agreement is struck with a …