Question: If a deal fails to close, is the commission still payable? Answer: Yes, because that wasn’t the trigger for payment. Question: What was the trigger for payment? Answer: An …
Mere Postings: Represented or Not?
Question: Is a mere posting seller considered a Self Represented Party? Answer: Here is the source in the legislation: “Agreements: Trade in Real Estate Representation required 13.3.1 A brokerage shall not …
Form 299: Latent Defects
OREA Form 299: do you like it, do you use it, do you rely upon it or does it mess you up a bit? Form 299 is entitled “Seller Disclosure …
Tenant Thwarts Closing
Question: I have a firm offer on tenanted property. The closing date as stated is slightly over two months from now. No other clause mentions vacant possession in Schedule A …
One Seller Wishes to Remain as SRP
Question: I am proposing to take on a Listing. I have been introduced to the property by the wife. It’s a matrimonial home and they are obtaining a divorce. While …
Buyer’s Right to Walk-away
Can a Buyer walk away from a conditional offer with a standard OREA inspection condition (for the benefit of the Buyer and Buyer’s sole and absolute discretion) without giving the …
Selling with a Difficult Tenant
Question: I have a Seller Client who wants to list a Townhome with a (currently) disagreeable Tenant. Tenant is paying far under market rent, and apparently said, “I’m not going …
First Floor Condos
Question: How much do you add to the list price of a condo if it is a main floor walk out unit of a building that houses mostly seniors. The …
Removal of Photographs
Question: My listing in Ontario recently sold and closed and the new owners have emailed me requesting, “the removal of all photographs and virtual tours associated with the listing from …
Listing Agent as Seller and Buyer Agent
As agents listing our own properties: 1) is there any reason we aren’t allowed to work with an SRP? Answerr2) To protect myself from E&O, should I list with a …