Question: What about water in a basement of a 100 year old plus rural property? The foundation is actually made of rocks. The floor originally dirt was covered with concrete …
Transparency under TRESA
TRESA now permits a Seller’s representative to share content, some content, or a little bit of content with all other bidders whether the Buyer consents or not, just not identifying …
Sharing Offer Content under TRESA
This is the explanation from RECO: “Content of competing offers A change most of you will have heard about relates to sharing the content of competing offers. Though the change …
Acknowledgement and Notices Tied Together
Acknowledgement Section: “I acknowledge receipt of my signed copy of this accepted Agreement of Purchase and Sale and I authorize the Brokerage to forward a copy to my lawyer ______________________________ …
Acknowledgement Section
Question: Are you looking for it from the other side? Answer: Yes, of course you are! You need it for two reasons: 2. To enable you to give appropriate notices …
Sunroom Built without Permits
Question: I am representing a Seller who has decided to build a sunroom himself without permits. He now needs to sell. What are the risks? Answer: No permits, but the …
Agreement of Purchase and Sale (Confirmation of Acceptance)
The Confirmation of Acceptance clause in a standard form agreement is of recent origin. However, it is a very worthwhile statement. It is indicative of the fact that the offer or counter …
Roof Replacement Clause
Question: If the roof is in bad shape, and the Buyer lacks funds, but the Seller will agree to replacement what type of clause would work? Answer: You need to …
How Do You Remove Conditions?
Question: The Buyer removed all conditions with a Notice of Fulfillment (NOF). There were four conditions , three were due on 23 March, and one was due 29 March. By …
Commissions Upon Cancellation of Listing
There are many times when a property is listed for sale but it really “never gets sold”. And, that was expected! So, how does the Listing agent get paid? The …