ARCHIVED BLOG POSTS
2008
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Real Estate for Entrepreneurs By Brian Madigan LL.B.One of the best opportunities for investment is owning your own building. This is a great advantage for small business entrepreneurs.If you have a location for your business that will be relatively stable over time, then you should seriously co...
10/23/2008
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Are Corner Lots Good Value? By Brian Madigan LL.B.So, are corner lots good or bad? Well, it all depends. Originally, land was subdivided into lots which were all of the same size. That caused a little bit of a problem if you had a corner lot. One side of your property was very accessible to the ...
10/22/2008
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GTA First Half of October 2008 ~ Mixed News By Brian Madigan LL.B.Well as you probably imagined sales are down and prices are off. But how much?It all depends who you ask and what time period is selected.Given that we have a world financial and economic crisis at the moment, this is not particul...
10/18/2008
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Some Excellent Economic News for Canada By Brian Madigan LL.B.There are relatively few things these days which the media, the public and investors will regard as good news.But, have a look at oil prices! They have dropped drastically. That translated into less than a dollar a litre at the pumps ...
10/17/2008
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RECO Discipline: The Elusive Guaranteed Sale By Brian Madigan LL.B.The Real Estate Council of Ontario through its Discipline Committee recently had to consider the case of a guaranteed sale.Briefly, Mr. Smith a real estate agent with 14 years experience was assisting a young couple who wished to...
10/16/2008
RECO Discipline: "Your House Sold or I'll Buy it" By Brian Madigan LL.B.You've seen these ads, but how do they work in practice?John Smith was an agent, and he was aware that many other agents were getting listings because they offered to buy the client's house if it didn't sell. So, he decided ...
10/16/2008
RECO Discipline: Holdover Clauses and Agent Liability By Brian Madigan LL.B.The Real Estate Council of Ontario recently considered a case involving a holdover clause.Mr. Jones a sales representative with ABC Brokerage had a listing on a property from 19 November 2005 to 21 March 2006. It provide...
10/15/2008
RECO Discipline: The End Run Around the Listing Agent By Brian Madigan LL.B.The Real Estate Council of Ontario recently released a decision of its Discipline Committee dealing with an agent who dealt directly with the vendor.While all of the facts are not specified, it is clear that the vendor w...
10/14/2008
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Phantom Offer ~ Agent Penalty: $10,000 Fine By Brian Madigan LL.B.If you are an agent: don't lie! Don't get your friends and colleagues to lie!The corollary of that proposition is rather clear: just tell the truth! It's fairly simple and straightforward.Mr. Jones had a listing and naturally he w...
10/13/2008
RECO Discipline: Agent Concealing Listing and Offer By Brian Madigan LL.B.This is a rather unusual case that came before the Discipline Committee of the Real Estate Council of Ontario. Here are the allegations of impropriety concerning the agent :1. When he failed to post the listing of the prop...
10/13/2008
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