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 …
RECO: Disclosure Former Grow-op
Does my salesperson have to tell potential buyers that my home is a former grow-op? RECO Press Release: March 25, 2017 “There are two separate issues to deal with when …
Notices in Multiple Representation Situations
Question: Clause 3 (Representation) of the Listing Agreement? “Where a Brokerage represents both the Seller and the Buyer (multiple representation), the Brokerage shall not be entitled or authorized to be …
Written direction for multiple offers
February 21, 2017 Bulletin #2017-1 Overview The purpose of this Registrar’s Bulletin is to explain and clarify the requirement of you, as registrants, to convey an offer to your clients …
Legal Liability Risks for Teams
Recently, there has a been a movement in the real estate industry to creating “teams”. A strong agent will have more work than they can handle personally and if they …
Disclosure of Relatives to Other Party in the Deal
Question: Scenario: commercial property acquisition and you are representing the buyer. Seller agent does not disclose she is related to the seller until after the sign back. Conversations between agents …
Is the Acknowledgement or the Confirmation of Acceptance “THE” Acceptance?
Question: Sellers sign back offer, buyers accepts within irrevocable period signing the confirmation of acceptance. Now the sellers are refusing to sign the Acknowledgment as they have decided that they …
Notice of Fulfillment Brian Madigan’s ANNOTATED version Explained
The document which follows is an annotated version of the Notice of Fulfillment, with commentary in Italics. That portion not in Italics is part of the Form itself. The comments …
Lawsuit for Seller’s Run Around (Commission is Owed)
Question: I received a full price offer on one of my listings and my Clients, the Sellers turned it down. Then, they let the listing expire. I had some suspicions …
Oil Spills and Fires: Disclosure (Ontario)
Question: What kind of disclosure would you provide if listing a property that had a small vs large scale issue? For example… oil tank leaked. Does seller disclose minor leak …