Brian's Ontario Real Estate Blog

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

ARCHIVED BLOG POSTS

2015 

 Buyer Representation Agreement Explained (Ontario) Part 7C CUSTOMER SERVICE Here is the portion of the paragraph dealing with multiple representation and Customer Service: MULTIPLE REPRESENTATION AND CUSTOMER SERVICE: The Buyer understands and agrees that the Brokerage also provides representati...
04/19/2015
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.99% 2.29% 2 YEARS 2.94% 2.19% 3 YEARS 3.44% 2.34% 4 YEARS 3.94% 2.54% 5 YEARS 4.79% 2.64% 7 YEARS 6.04% 3.39% 10 YEARS 6.50% 3.84% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.85% 5 yr variable 2.20%  
04/15/2015
Here are some rates for various commercial classes  Plaza Financing:                               3.12% - 5 years  3.64% - 10 years Office:                                  3.17% - 5 years 3.70% - 10 years Industrial                            3.25% - 5 years 4.05% - 10 years Call me if you woul...
04/14/2015
 Buyer Representation Agreement Explained (Ontario) Part 7B MULTIPLE REPRESENTATION Here is the portion of the paragraph dealing with multiple representation: MULTIPLE REPRESENTATION: The Buyer hereby acknowledges that the Brokerage may be entering into listing agreements with sellers of properti...
04/12/2015
Buyer Representation Agreement Explained (Ontario) Part 7A REPRESENTATION We will review this paragraph in three sections, namely, representation, multiple representation and finally customer service. Here is the paragraph in its entirety: 3. REPRESENTATION: The Buyer acknowledges that the Broker...
04/12/2015
 Buyer Representation Agreement Explained (Ontario) Part 6C COMMISSION-HOLDOVER CLAUSE  Here is the part of the Agreement dealing with the holdover provision: The Buyer agrees to pay the Brokerage such commission if the Buyer enters into an agreement within .................................days a...
04/12/2015
 Buyer Representation Agreement Explained (Ontario) Part 6B COMMISSION-PRICE We will tackle this paragraph in two steps. The first part runs down to the end of page 1, and the second part starts with “IF” at the top of page 2. Here’s the paragraph commencing with “if”: If, during the currency of ...
04/12/2015
 Buyer Representation Agreement Explained (Ontario) Part 6A COMMISSION We will tackle this paragraph in two steps. The first part runs down to the end of page 1, and the second part starts with “IF” at the top of page 2. Here’s the paragraph in its entirety: 2. COMMISSION: In consideration of the...
04/12/2015
Buyer Representation Agreement Explained (Ontario) Part 5 DEFINITIONSThere is a section dealing with Definitions and it reads like this:  1. DEFINITIONS AND INTERPRETATIONS: For the purposes of this Buyer Representation Agreement (“Authority” or “Agreement”), "Buyer" includes purchaser and tenant...
04/12/2015
Buyer Representation Agreement Explained (Ontario) Part 4 Representation REPRESENTATION The following representation is the next provision which appears in the agreement. It is in BOLD typeface to indicate its importance: The Buyer hereby warrants that the Buyer is not a party to a buyer represen...
04/12/2015
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BrianMadigan

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