by Jordana Springgay | Jan 20, 2025 | Legal Issues
Alan Hu/pacificevergreenrealty.com The Supreme Court of British Columbia has ordered Alan Hu, a Surrey-based Realtor, to surrender his profits from the sale of a $3.35-million property after breaching his fiduciary duty to a client. According to a court decision...
by James R.G. Cook | Dec 19, 2024 | Legal Issues
QUICK HITS When the buyers of a $937,400 home backed out of the deal, they claimed the contract was void because deadlines had been missed. The court found that their actions—like paying deposits and not cancelling the agreement earlier—showed they intended to...
by James R.G. Cook | Dec 3, 2024 | Legal Issues
QUICK HITS In Ali v. Patel, the Ontario Superior Court ruled that no binding agreement of purchase and sale was formed because the seller’s inclusion of Schedule B, which was not signed by the buyer, constituted a counteroffer rather than acceptance of the...
by REM Editorial Team | Nov 29, 2024 | Legal Issues
A B.C. Realtor has been fined $10,000 for allowing her clients to view a home unsupervised in Maple Ridge. Nan (Nancy) Wang, a representative with Metro Edge Realty, was disciplined by the BC Financial Services Authority (BCFSA) following an investigation into the...
by James R.G. Cook | Nov 22, 2024 | Legal Issues
Cases arising from failed residential real estate transactions in a falling market reaffirm that buyers who breach purchase agreements may face significant financial repercussions. Often, buyers argue that sellers have failed to mitigate losses by not re-listing the...
by Jordana Springgay | Nov 18, 2024 | Legal Issues
Sunshine Coast, B.C. (Canva) QUICK HITS Two B.C. Realtors were fined over $200,000 for failing to disclose key restrictions in a 2017 waterfront property sale on the Sunshine Coast. Acting as dual agents, they marketed the cabin as “legal...
