This article was written in June 2017. This was the first time in a long time (2008) that the real estate market fell so drastically. Indeed, there were lots of …
Is Commission Payable for a Full Price Offer?
(Ontario) Question: Is Commission Payable for a Full Price Offer? Answer: While it may sound strange, the Buyer’s Agent is entitled to the co-operating portion of the Commission based upon …
Early Contract Remedies in a Market on the Move
The following article was written in early May 2017. That’s the last time that we saw a measurable market decline. If we have one again, the same legal principles will …
Disclosure of Related Party in Ontario
Question: My close relative is purchasing a home, I am his realtor…which disclosure form do I use and which party signs it: 1) 160 – Registrants disclosure of interest2) 610 …
Deposit Partial Payment Uncertified- Seller’s Remedies
(Ontario) Question: Deposit due within 1 business day and deposit must be certified/bank draft as per schedule B. The Deposit was $40,000 total. Buyer brings us a 30,000 MONEY ORDER …
Deposit Forfeiture Upheld By Court of Appeal (Redstone)
Redstone Enterprises Ltd. sold its warehouse in Brantford Simple Technology Inc. for the purpose of setting up a legal Marihuana Grow House. Agreement of Purchase and Sale: July 8, 2014 …
Buyer’s Agent Says they are Waiving their Commission
Question: An agent contacts you that they are bringing in an offer on your Listing, but waiving their commission. Do you disclose to the other agents who are presenting Offers? …
Annotated Version of RECO’s Press Release on Grow-Op Disclosure
Updated: March 29, 2017 Disclosure of Former Grow-Ops I thought that it would be interesting to have a look at the recent Press Release from RECO on this matter. First, …
Assignments – How to Complete the Forms
There is a standard form Agreement for assignments prepared by OREA. You should be using it. I do understand that quite a few real estate agents are unfamiliar with the …
Assignments Can Cause Difficulties Over Closing Dates (Ontario)
Question: I represent assignees in an assignment for a detached home. The assignment states that other than the deposit for the assignment (25k) all payments and the deposit for the …