Question: I might be inclined to look at a Buyer’s condition drafted as a condition subsequent because it involves less paperwork. Answer: Here are two clauses They are slightly different …
Inspection Condition and Leverage
Scenario: Seller accepts buyers offer which is conditional upon an inspection (with right to remedy clause). Buyer agent states to the Listing agent the condition is satisfied but would like …
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? …
Compensating the Rural Property Listing Agent for Showings
There are several issues which arise in this situation. The problem is commonplace. A property is listed “out in the country” by a rural based agent. It might be a …
What Do You Mean By “Business Days”?
Now that everyone is working “24/7”, the term “business days” seems to have lost its meaning. The strong preference today would be to eliminate that expression because it is so …
Ontario Superior Court Fails to Overrule Supreme Court of Canada
I would have thought that was fairly straightforward, but apparently not for a mother and son (the Browns) living near Sarnia, Ontario. Rather than simply accept the age old adage …
What About Designated Agency for Ontario?
Designated Agency was enacted in Nova Scotia effective 1 January 2017. Can Ontario be far behind? CBC Marketplace in 2016 did an expose about conflicts of interest in certain real …
Appreciating FSBO”s and the Competition Bureau
From time to time, some real estate agents are disgruntled with the Owner/Seller who decides to “go it alone”. These people are known as FSBO’s or “For Sale By Owner”. …
Adding a Seller to an Agreement
This is much more unusual than adding a Buyer. But, it does happen on occasion. The Seller / Owner of the property didn’t sign the Agreement. This subsequently arises with …
Acceptance of Pre-emptive Offers (Ontario)
Question: “Seller Has The Right To Accept Any Pre-emptive Offer Without Any Notification” Would this be a violation of RECO’s interpretation of the Act and the Code disguised as seller’s …