Previously, in the Confirmation of Cooperation and Representation (CCR) it was last minute after everything had already gone wrong. Now, we have two new documents, the full explanation and informed …
Multiple Representation: New Forms
Question: Forms 325 and 326. At what point are you getting these forms signed? Answer: Finally, we have some real appreciation of the conflicts that arise with Multiple Representation. Previously, …
Termination Clauses for Listings
It might be wise to adopt a simple approach to terminations. Rather than adopt the risky OREA clauses, why not something simple and straightforward. Leave it out completely That’s about …
Termination Provisions: TRESA
The new TRESA legislation deals with requirements of agreements. Regulation 567/05 includes the following: Contents of written agreements 13.4 (1) A brokerage shall not enter into a written agreement with a …
Buyer and Offer Transparency
The new TRESA legislation permits Offer contents to be shared in whole or in part. Assuming that the Buyer is not pleased with this disclosure of their Offer contents, then …
Property Falling into the Water
Question: I remember looking at a cottage vacation property that was experiencing a number of issues. The shoreline was eroding fairly quickly and we didn’t want to buy a cottage …
Working with a Realtor FORM
This document which was initially intended to explain agency has now been eliminated in its entirety. It was helpful in documenting the time when agency actually commenced. The Consumer selected …
HST Included with Commission
The Listing agreement contains the following reference in Paragraph 2 dealing with the commission: “All amounts set out as commission are to be paid plus applicable taxes on such commission.” …
Representing Sellers in Estate Sales
Questions: Answers: The authority of the Executors comes from the Will, They can sign a Listing Agreement, the Agreement of Purchase and Sale, and related and ancillary documents. However, they …
Amendment: Meaning when it’s not Used Properly
Buyer has an accepted offer conditional on the following 3 conditions: 1) Inspection, 2) Mortgage Financing, and 3) Environmental Assessment. With the first 2 conditions the Buyer submits an amendment …