Question: What are the RECO rules that states that in a multiple offer situation, the listing brokerage must disclose a multiple representation situation? For clarity purposes: Brokerage A lists a …
“Coming Soon” Advertising
Tempted to put a “coming soon” message on a yard sign or in an ad for a property you’ve agreed to sell for a homeowner? Keep in mind that you …
Stigmas, Death, Drugs, Grow Ops and Remediation Disclosure (Ontario)
Question: There are frequently issues with Stigmas, Death, Drugs, Grow Ops. Is disclosure required? If these matters have been remediated, then is disclosure required? Is there any Statute of Limitations …
Should You Get the Acknowledgement Signed by the Other Side?
The Standard Form Agreement of Purchase and Sale contains an Acknowledgement section, following the signatures of the parties and the Confirmation of Acceptance section. Here’s what it says: ACKNOWLEDGEMENT I …
Septic System Liability Issues for Listing Agent (Ontario)
Question: I listed home with a septic tank on a double lot with severance potential. The Buyer’s agent presents a firm offer and the home sells and closes. I begin …
When Do You Disclose the Accepted Price?
Question: If you are the Listing Agent and you got into multiple offers on presentation night; by the end of the presentations, the house was sold firm and you have …
Service Choices Alternatives and Avoiding Conflicts
Question: You have a listing, and you are approached by lots of buyers to represent them as the buyer agent, and it’s potentially a multiple offer situation. Do you offer: …
Seller’s Release from Prior Agreement Gives Too Much Power to the First Buyer
Sometimes, there is more than one way to deal with an issue. Let’s look at a situation where Buyer #2 wants to proceed with an Offer on a property. Looking …
Seller Commission Reduction
Question: A property is listed for sale and offers co-operating agents X.5% plus HST. The Co-Operating Brokerage submits and offer reflecting the X.5% The Listing Brokerage without any discussion or …
Disclosure of Former Grow-ops
Disclosure of Former Grow-Ops and RECO’s Press Release 25 March 2017 RECO outlines the fact that the Seller and the Listing Agent can collude together to conceal information which they …