ARCHIVED BLOG POSTS
2009
0
Comments
Additional Toronto Land Transfer Taxes By Brian Madigan LL.B.After much debate for months and months, here is the new Toronto Land Transfer Tax that was just passed by Council on 22 October 2007 and took effect on 1 February 2008. Transactions entered into prior to the end of the year will be f...
07/31/2009
Zoning and Development Problems ~ Agent's Duties By Brian Madigan LL.B.This case seems rather straightforward. The owner of a property situate in the Grand River Conservation area lists his property for sale. The agent, Ralph Murphy fails to ascertain the zoning and the development restrictions ...
07/30/2009
0
Comments
Garbage Wars in Toronto By Brian Madigan LL.B.Well, it certainly is nice to have the garbage strike over.However, let's do a short post-mortem:Why was this strike even necessary?I don't really care who claims to have won. Right now, victory is being claimed by both sides. Let's just leave it th...
07/29/2009
0
Comments
Sewage System Disclosure ~ Agent's Duties By Brian Madigan LL.B.William Holden is a friend of Bernie Johnson an elderly and unsophisticated owner of a waterfront property. Holden takes the listing and takes a few liberties with the facts. He says it's "all season", when really this is stretchin...
07/29/2009
0
Comments
Real Estate Agent's Role ~ Unpaid Deposit By Brian Madigan LL.B.This is a rather interesting case. The vendor of a property negotiates the sale of his property through an agent. But, the deposit is not paid. Being somewhat disgruntled he selects another agent thereafter. The new agent says that...
07/28/2009
2
Comments
Grow House: Does the Agent have to Tell? By Brian Madigan LL.B.So, what are the rules related to grow houses? Does the agent have to disclose them? What about the advertising and the listing?1. At all relevant times Wilma Jones was a Member of RECO and was registered as a salesperson with the br...
07/27/2009
Does Agent Have to Provide a True Copy of the Listing? By Brian Madigan LL.B.Well, this might sound a little on the trivial side, but does a registered sales representative have to provide a true copy of the listing agreement to the seller?Of course, the answer is "yes", but Mr. John Smith found...
07/25/2009
RECO ~ No Multiple Offers and Real Estate Duties By Brian Madigan LL.B.This case is an interesting one. What is the duty of a real estate broker if the other sales representative thinks there is a competitive bid situation?What happens if the buyer thinks there is a competing offer, and there i...
07/24/2009
0
Comments
Toronto Real Estate Recovery Well Underway ~ July 2009 By Brian Madigan LL.B.What's happening in the Toronto market? That's the question that realtors are asked most frequently.Well, today there is very good news. The recession at least for Canada seems to be over.According to the Finance Minis...
07/23/2009
0
Comments
RECO ~ The Real Estate Council of Ontario By Brian Madigan LL.B.The Real Estate Council of Ontario (RECO) is charged with the administration of the Real Estate and Business Brokers Act (REBBA 2002). It supervises everyone in Ontario who trades in real estate as either a broker or as a sales rep...
07/23/2009
Rainmaker
1,598,222
1,598,222
Brian Madigan
LL.B., Broker
Real Estate Resources
Markets, Finance and Law related to real estate, estate planning and personal financial investment opportunities