ARCHIVED BLOG POSTS
2015
2 Material Fact DisclosureThe Code deals with material facts for clients and customers in a slightly different way, for clients, it is a positive duty to “determine” and disclose; while the duty for customers is somewhat restricted, it sets out a duty to disclose what you know, and also, what you...
09/12/2015
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Best InterestsThe provision in the Code of Ethics dealing with “best interests” is as follows:Best interestsA registrant shall promote and protect the best interests of the registrant’s clients. O. Reg. 580/05, s. 4.The specific positive duty is to “promote” and “protect”. Note, this ONLY applies...
09/12/2015
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Clients and CustomersAre there any specific duties and obligations owed to Clients that are not owed to Customers under the Act and the Regulations (aside and apart from “best interests)? And, what is that difference? Please use an example to illustrate!AnswerWell, as you go through the Act and t...
09/12/2015
Commercial Bond Yields CMB GoC Floating RateInsured Cost of Funds 5 Year - 1.23%*Canada Housing 12/15/20 [-0.03] 5 Year - 0.77%CAN 0.75 09/01/20 [-0.01] 0.83% [-] 10 Year - 2.07%Canada Housing 12/15/25 [-0.01] 10 Year - 1.47%CAN 2.25 06/0...
09/12/2015
Terms Bank Preferred Rates 1 Year 3.14% 2.79% 2 Years 3.14% 2.34% 3 Years 3.80% 2.49% 4 Years 4.54% 2.59% 5 Years 4.84% 2.69% 7 Years 5.30% 3.39% 10 Years 6.10% 3.89% VIRM 2.70% 2.05% The prime rate is 2.70%
09/08/2015
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Fixed term preferred rates & posted rates as of September 8, 20156 mos 3.10% 3.14%1yr 2.29% 2.89%2yr 2.09% 2.84%3yr 2.34% ...
09/08/2015
TERM POSTED Preferred RATES 6 month 3.1% 3.1% 1 year 2.89% 2.29% 2 year 2.84% 2.19% 3 year 3.39% 2.25% 4 year 3.89% 2.54% 5 year 4.64% 2.49% 7 year 5.3% 3.44% 10 year 6.75% 3.84% Variable 1.95% Prime 2.7% BenchMark 4.64% Cost per $1,000 $4.47 * Cost per $1000 based on 5yr fixed term rate compoun...
09/07/2015
Commission Protection for Real Estate Agents Explanation of Commission Protection for Real Estate AgentsOntario Real Estate SourceBy Brian Madigan LL.B.The Real Estate Council of Ontario (RECO) has mandated the participation of all of its registrants in an insurance program that includes among ot...
09/06/2015
Featured QUESTION: Salesperson Smith prepares an offer for $435,000 on a property located in Toronto, Ontario, on behalf of Buyer Jones. The offer is drafted and signed by the client on Tuesday and includes a deposit cheque for $20,000 to be placed in the brokerage's real estate trust account fol...
09/06/2015
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Latin Legal Terms (less known)WordPronunciationOriginal MeaningModern Meaninga mensa et toroah men-sa eht to-rowfrom table and bedlegal separation casus bellika-soos bel-leeoccasion of waran event that justifies a war cui bonocoo-ee bo-nofor whom the goodwhom does it benefit? (in) flagrante delic...
09/06/2015
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