This doesn’t really seem to happen very often in 2021. It did decades earlier, but that was based upon a model of “employment”. Brokerages would obtain the leads and drive …
Registering an Offer in Ontario
Question: What does registering an Offer mean? Answer: This is a term which causes confusion. The difficulty in part arises by reason of the fact that there is no such …
A More Detailed Explanation of Real Estate Services (2021)
My notes are identified under Comment, and the words outlined in italics, otherwise, this is the standard form document. Working with a REALTOR® The REALTOR® Consumer Relationship In Ontario, the …
Is a Back Up Offer a Competing Offer?
This is an interesting question since there are some clear and specific rules governing the “competing Offer” situation. The Real Estate and Business Brokers Act requires a seller representative’s brokerage …
Your Own 801
If the written offer was made by a person who was a client or customer of a registrant, then the brokerage acting on behalf of the seller shall keep, for …
Interpretation of Initials on Contracts and the Potential for Confusion
The standard form OREA Agreement of Purchase and Sale requires initials to be placed on every page for the purposes of acknowledgment except the actual signing page. The difficulty is …
How to Handle Offers and the Growing Count
(Toronto Market 2021) The Toronto resale housing market is relatively “hot”. There is a shortage of supply, and quite a few “buyers” for every property. Offer Day From the perspective …
Getting an Opportunity to Present an Offer
Question: I showed a property a few days ago that was holding offers for 10 days. I was able to contact the Listing Agent and he was not co-operative at …
Disclosure of Interest: Who do You Tell?
This would seemingly be a rather straightforward and simple question. Let’s look at it carefully. A registered real estate practitioner in Ontario is about to put in an Offer, but, …
Clarity Copies of Unreadable Agreements
From time to time, copies of Agreements of Purchase and Sale will simply be unreadable. If you are the real estate agent what should you do? First, they didn’t just …