Working for a “Friend” (Ontario)

Should a 97-year-old have life insurance? - MoneySense

Question:

A “friend” just asked me to help him write the purchase agreement for him to privately buy his wife’s former family cottage. Of course, he does not want to pay me.

Answer:

You cannot contract out of the liabilities imposed upon you under the Real Estate and Business Brokers Act, 2002

Provide Customer Service only in this transaction.

Include a condition for both parties to obtain independent legal advice.

Charge a small fee, otherwise your insurance coverage will not be activated and you run the risks of making a mistake yourself.

Brian Madigan LL.B., Broker

www.OntarioRealEstateSource.com

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