This seems interesting and rather unusual. The average price for a home in Mississauga was $996,259 in February 2024, according to the Toronto Regional Real Estate Board. That’s down 5 …
Termination Clauses Under Agency Appointments (Part 3)
It is important to be aware of the following provision in the new TRESA legislation: “Multiple representation 22. (1) A brokerage shall not represent more than one client in respect …
Seller Has No Equity in Property
Appreciated Source: Investopedia Question: What are the scenarios for the buyer on closing, when there is no equity to cover the outstanding mortgage on the property? Answer: If you are …
Agent’s Disclosure of Material Facts to Seller under TRESA
Just like the obligation imposed under TRESA for Buyers, the same provision applies with respect to Sellers. What Facts and To Whom TRESA contains the following: Material facts 22.1 (1) …
TRESA Code of Ethics: Conscientious and Competent Service
Now that the TRESA Code of Ethics is in force, there are some changes. Let’s look at a few of the provisions. Conscientious and Competent Service The Old Code stated: …
OREA FORM 127 ~ Acknowledgement
OREA FORM 127 is for “informed consent“ By Brian Madigan LL.B. There is a recent new Form which has been published by OREA, (the Ontario Real Estate Association). It is …
Course Programs
Depending upon the presentation arranged, these Courses run from 60 minutes to 180 minutes AEA Programs marked in bold Comment If you are interested, please contact me at [email protected]. The …
TRESA: Sharing the Content of Competing Offers
RECO Explanation This is the commentary from RECO: “Under TRESA, if the seller client directs, the registrant is permitted to share the content of competing written offers with every person …
Overlooked Property and New Second Marriage
Question: Present and Future time: when “mom”passes away, her recreational property in Ontario is to go to her two kids. This is what mom wants and has told her two …
TRESA Delay
1 April 2023 (Phase 2) could be delayed This is an annoucement from RECO on 10 March 2023: “Though amendments to the legislation are scheduled to take effect April 1, …