Brian's Ontario Real Estate Blog

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

ARCHIVED BLOG POSTS

2016 

Fixed term best discounted rates & posted rates as of March 24, 20166 mos                                 3.10%         3.14%1yr                                     2.29%          2.89%2yr                                     2.19%          2.84%3yr                                     2.34%       ...
03/25/2016
Agent Fails to Properly Identify Seller (RECO Discipline)This particular matter would be easy to solve for the Listing Agent. Simply ask two (2) questions: Who is the owner? May I see the papers? In this case, neither question was asked.Bruce Wayne was the Listing Agent and Robin Yount was his co...
03/24/2016
Agent Tries to Convince Buyer to Use Oklahoma Deal (RECO Discipline)This was a rather interesting case. The agent, Bruce Wayne had a commercial listing that wasn’t selling. So, when he had a prospect, he decided that he really better “work him”.When it looked like the Buyer didn’t have enough mon...
03/23/2016
Agent Fails to be Present as a “WITNESS (RECO Discipline)This is somewhat interesting. The Agent, Bruce Wayne “witnessed” a client’s signature, but he seemed to have a completely different understanding than most people about what that meant.Set out here are some comments from the RECO Decision:W...
03/23/2016
Terms The 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% 2.15% The prime rate is 2.70%  
03/23/2016
Market Performance in Sectors - First Two Weeks of March 2016 It’s the first day of Spring. What’s moving in Toronto’s hot real estate market?If you just say “everything”, that’s not helpful. What’s hotter and what’s hottest?When then overall market is broken down into some of its sectors, you wi...
03/21/2016
Terms Posted Rates Our Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.99% 2.29% 2 YEARS 2.84% 2.19% 3 YEARS 3.39% 2.34% 4 YEARS 3.89% 2.49% 5 YEARS 4.64% 2.69% 7 YEARS 5.30% 3.44% 10 YEARS 6.10% 3.84% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.35%
03/21/2016
Fixed term best discounted rates & posted rates as of March 20, 2016 6 mos                                 3.10%         3.14%1yr                                     2.29%          2.89%2yr                                     2.19%          2.84%3yr                                     2.34%      ...
03/20/2016
ConclusionThe issue was never actually addressed in the BRA. If you were the Judge would you let Martha and Ozzy go?That seems easy enough, because it would have be simple to address the issue and keep them in the Agreement.Solutions1) Simply put “joint and severally” under their names on the fir...
03/20/2016
Let’s look at the standard Form BRA, as developed by OREA and see if we can pull this out of the fire for you. Here are some of the relevant provisions. My comments appear in italics:TitleBuyer Representation Agreement: that was singular This is an Exclusive Buyer Representation Agreement: again ...
03/20/2016
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Brian Madigan

LL.B., Broker
local_phone(416) 745-2300
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