ARCHIVED BLOG POSTS
2010
8
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CREA Commercial: "How Realtors Help" By Brian Madigan LL.B.Well according to the ads on television, realtors help by knowing "how to fill out those ridiculously complicated documents" that are "written partially in Latin".Now, is this true?1) Are the documents indeed ridiculously complicated? A...
02/28/2010
How Long Should You Keep an Insurance Policy? By Brian Madigan LL.B.In 2007, it was discovered that it was raining marble at the single best location for real estate in Canada, the intersection of King and Bay Streets in Toronto.Canada's tallest and certainly one of its most prestigious office ...
02/26/2010
Religion, Insurance Companies and Acts of God By Brian Madigan LL.B.If a tree falls in the forest, no one cares, except perhaps the termites. But, if your neighbour's tree falls on your house, then there is a little problem.First of all, is your neighbour liable? Let's say your neighbour has a ...
02/25/2010
One Year of Jail Under the Criminal Code Lite! By Brian Madigan LL.B.(ORES)I suppose you've heard of lite beer and wine coolers, well, you should also be aware of the Criminal Code lite.It's really not the Criminal Code at all, it's called the Provincial Offences Act in Ontario. It deals with l...
02/23/2010
Real Estate Broker Sentenced to One Year in Prison By Brian Madigan LL.B.(ORES)There was indeed an economic turndown in 2008/2009 in real estate in the Greater Toronto Area.One real estate broker found a rather interesting and novel approach to lower income and steady expenses. He just stole th...
02/22/2010
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"Per Stirpes" and "Per Capita" Explained By Brian Madigan LL.B.(President: Ontario Real Estate Source)The latin expressions "per stirpes" and "per capita" literally can be translated as "by roots" or "by heads". They are used extensively in Wills and Trusts, so their meanings must be properly u...
02/22/2010
2
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"Ex Turpi Causa" Explained By Brian Madigan LL.B.ORESThe latin expression "ex turpi causa" is short for "ex turpi causa non oritur action" meaning "no action in law will arise from an illegal act".Basically, the expression has become a legal doctrine. A plaintiff with "dirty hands" can't sue!At...
02/22/2010
"As Is Where Is" Clauses in Real Estate Transactions By Brian Madigan LL.B.Everybody I know seems to understand just exactly what this means. I really don't have any idea, but "they" all seem to know. My only problem is that everyone seems to have a slightly different interpretation, and in the...
02/22/2010
3
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"Amicus Curiae" Explained By Brian Madigan LL.B.The term "amicus curiae" is a latin term meaning "friend of the court", and it is an important legal concept because of its procedural role in legal proceedings. While the expression goes back to Roman times, the term "amicus curiae" has taken on ...
02/22/2010
February ~ Longer Term Mortgage Rates Declining By Brian Madigan LL.B.So, what about interest rates? Are they going up or down?Actually, the longer term rates are slightly down. The short term anbd medium term remain the same.Here are some same source numbers. Look at the subtle changes over th...
02/22/2010
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