Question: Should the agents be “present” during an inspection? Answer: RECO requires at least one registrant to be in attendance for home inspections (unless the Seller agrees, otherwise). For TREB …
Multiple Offers and Not Reducing Commissions
Question: I am the Listing Agent and I am hosting a multiple offer bidding war. One of the Buyer’s agents wants to throw in his commission to help his client …
Execution of the Mutual Release in Real Estate Transactions
The issue presents itself with every failed transaction. Sign the Mutual Release, give the Buyer his deposit and move on. But, is that really the best idea? In a number …
Returning the Deposit in a Failed Transaction
What documents do you need? You are going to have to have some paperwork for the file. If the deal fell through and the deposit is to be returned to …
Interference With BRA Contract?
Question: A potential Buyer is very upset with their agent. They have signed a Buyer Representation Agreement. How can I deal with this potential Buyer and stay out of trouble? …
Handling Commission Reduction Proposals
Question: Does a Listing agent have to disclose to other potential Buyers, if one Buyer’s Agent proposes to reduce his commission? Answer: The quick answer is “yes”, provided you agree …
Customers in Nova Scotia Real Estate
In the Province of Nova Scotia, customers are just like Ontario. This is the explanation on the website of The Nova Scotia Real Estate Commission: CUSTOMER RELATIONSHIP A buyer or …
Competing Offers and Disclosure
Competing offer situations—commonly referred to as bidding wars—are common in some areas of Ontario. As of July 1, 2015 real estate professionals across Ontario have new rules for how they …
Buyer Offer Registration System (for Buyer Brokers)
Actually, usually there’s no such thing and that’s a potential problem. Consider the following situation, Bob, the Buyer, has been working with Mary, his real estate professional, and Henry, the …
Buyer’s Agent Does Direct Deal with My Seller- Any Recourse?
Question: I had a listing in Ontario, standard 90 day listing for a very aggressive seller. After every showing he would call the buyer’s agent for feedback and to basically …