Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)

ARCHIVED BLOG POSTS

2011 

Agents: Rules For Compliance with FINTRAC Ontario Real Estate Source By Brian Madigan LL.B. It is very important for real estate agents to be aware of and to comply with the FINTRAC rules.Effective 23 June 2008, real estate agents must be aware that there is an obligation to comply with the prov...
02/27/2011
False and Misleading Statements ~ Agents Ontario Real Estate Source By Brian Madigan LL.B.We are all aware that sales agents like to pump their products, merchandise and services. That has been going on for years and the public who be naïve to think that there is never any "puffery" involved. Ho...
02/26/2011
What if the Landlord Changes the Use? Ontario Real Estate Source By Brian Madigan LL.B. Let's assume that the Landlord leases a convenience store to a tenant. Three months later the Landlord leases space nearby space in the same plaza to a strip club. Traffic to the plaza drops significantly and...
02/24/2011
New Rules for Common Law Spouses Ontario Real Estate Source By Brian Madigan LL.B. The Supreme Court of Canada just changed the rules on 19 February 2011. Periodically, the Court will conclude that existing laws are out of date with reality. The Court brought the division of property for common ...
02/23/2011
Duty to Deliver pursuant to the BRA Ontario Real Estate Source By Brian Madigan LL,B. It is possible to have the matter of the responsibility for delivery of the executed agreement of purchase and sale resolved for once and for all in the Buyers Representation Agreement. However, it doesn't. Her...
02/22/2011
Duty to Deliver under the Agreement Ontario Real Estate Source By Brian Madigan LL.B. The Acknowledgement section in a standard form agreement is fairly new. However, it does have its purpose.Let's have a look at the standard form agreement of purchase and sale and see what it says in that regar...
02/22/2011
Negligence in Delivering the Agreement Ontario Real Estate Source By Brian Madigan LL.B. A real estate agent can be negligent in the delivery of the agreement of purchase and sale. Largely, this means not getting it to the buyer's solicitor in time. There is a finite time to search title, conduct...
02/22/2011
Providing the Solicitor with a Copy of the Agreement Ontario Real Estate Source By Brian Madigan LL.B. The procedures that are to be followed are not entirely clear, however, this is an area where it's easy to make a mistake. First, there are three (3) requisition dates in the standard form agre...
02/22/2011
Terms Bank Rates Preferred  Rates 6 Month 4.45% 3.95% 1 YEAR 3.50% 2.64% 2 YEARS 3.75% 3.29% 3 YEARS 4.35% 3.59% 4 YEARS 5.14% 3.84% 5 YEARS 5.44% 3.94% 7 YEARS 6.34% 4.94% 10 YEARS 6.65% 5.15%   If you require a referral to a mortgage broker, then please contact me at 905-796-8888. Ontario Real...
02/22/2011
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02/20/2011
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Brian Madigan

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