There can be some unexpected responsibilities with multiple representation. Let’s go through an interesting situation. Bob Jones is a Listing agent, and he is selling Seller Sam’s property. Mary Brown …
Unpaid Water Bill: Added to theTaxes
Question: A Buyer client of mine from 2021 has just received a bill from the City telling them that they owe $4,700 for water that would’ve been billed to the …
Employees and Sale of Business
If you buy a business and continue the employment of some of those who worked for the Seller, then, you have taken them over with their outstanding employment history. For …
True Copy of Agreement
From time to time, the issue of a “true copy’ of an agreement comes up. Just what is it? Let’s assume that we are dealing with hard copies of an …
Pay Double for the Furnace: Rent it!
Many people are looking for a bargain when they shop. Hence, we have Walmart and Costco. But, nobody likes to read the fine print. So, when it comes to getting …
Are Second Opinions Allowed?
Question: Am I allowed to speak to someone who is under an agency appointment either a Listing or a Buyer Representation Agreement? Answer: Are you allowed to speak to someone …
Assignments without Developer’s Consent
Question: I am acting on behalf of a Buyer who really needs to sell their pre-construction condo. The Developer will not consent. What can they do? Answer: You can assign …
Bank of Canada Rate Increase 25 January 2023
This is a statement from the Bank of Canada on 25 January 2023: “To combat inflation, the Bank of Canada responded forcefully, raising its policy interest rate from 0.25% a …
Zero Impact Schedule “B”
Everyone loves Schedule “B’s”. They are always filled with insight and inspiration! Let’s have a look at this one: The Buyer acknowledges that the property is being sold “as is …
Seller’s Disclosure
What does a Seller have to disclose? The Seller is under a legal obligation under the common law to disclose: Today, if the Seller decides not to disclose such matters, …