by MarkWeisleder | Mar 21, 2025 | Guest Columns, Legal Issues
In my experience as a real estate lawyer and speaker, when a real estate brokerage has a proper FINTRAC compliance program, not only do they stay out of trouble with FINTRAC auditors, but they actually close more deals without any negative consequences. However, the...
by James R.G. Cook | Mar 17, 2025 | Columnists, Legal Issues
QUICK HITS An Ontario Superior Court decision in Reel em Inn and Resort v. RNR Doemel Enterprises ruled that a buyer was entitled to terminate a real estate transaction and recover their deposit after the seller failed to address outstanding work orders before...
by James R.G. Cook | Mar 10, 2025 | Columnists, Legal Issues
Stock photo (Canva) QUICK HITS A buyer agreed to purchase a home, but before closing, the property was destroyed by fire, triggering an insurance clause in the APS. While the seller provided insurance details and extended the closing date, the buyer...
by James R.G. Cook | Feb 27, 2025 | Columnists, Legal Issues
QUICK HITS A buyer who failed to close on a Burlington property due to lack of funds attempted to rely on legal defences of force majeure and frustration, citing difficulties accessing inherited money from Afghanistan and a failed sale of another property. The...
by Jordana Springgay | Feb 18, 2025 | Legal Issues
Menethil Properties Ltd., and its director, Yu “David” Song, are once again under fire. This time, the British Columbia Financial Services Authority (BCFSA) has ordered the Kelowna, B.C.-based rental property brokerage to halt operations following the suspension of...
by Mike Murphy | Feb 11, 2025 | Legal Issues, News
The recent Sitzer/Burnett v. National Association of Realtors (NAR) case in the U.S. has forced significant changes in how buyer agents receive commissions. NAR settled the case to avoid an “existential” financial threat (more than $5-billion), agreeing to remove...
