Producing Form 801

Ontario Question: Can a listing agent refuse to provide the 801 form to Buyer’s agents in multiple offers? Answer: Yes. The only person who can demand it is RECO. So …

Assignment Clause

(Ontario) Question: In regards to the assignment clause below, would this clause be added to the Agreement of Purchase and Sale between the assignor and the assignee? The Buyer acknowledges …

The Mitigation Timeline

The Superior Court of Ontario released a decision dealing with the facts in a case where a Buyer defaulted on the purchase of a property, and the Seller resold at …

Holdover Explanation: Is it Sufficient?

Here is the redlined explanation which is commonly distributed: “COMMISSION: The following section declares the total fee that the Seller has agreed to pay to the real estate company if …

Notices In the Agreement

Question: 3 . Multiple rep, the brokerage shall not be appointed or authorized to be agent by either the buyer or the seller dealing with the notices…….then there is Fax …

Disclosure of Material Facts

Ontario A real estate agent must investigate, determine and verify the material facts, and then disclose such facts to “their” clients and customers, not other people’s clients and customers, just …

Anti- Merger Clause

When the deal is over, it’s finished. The contract has come to an end. It’s been completed and fulfilled. The “doctrine of merger” which is a legal concept applies, and …

Counting Days in Ontario

Counting the days in Ontario is a question that has come up before. It’s important to get it right, because otherwise the consequences could be disastrous. There are calendar days, …