by MarkWeisleder | Oct 19, 2016 | Featured, Legal Issues
Now that we have new mortgage rules, it is more important than ever before to include the financing condition in any offer or be otherwise prepared for the consequences. Pre-approvals are no guarantee your buyer will obtain financing. Too many buyers are cavalier...
by Martin Rumack | Oct 14, 2016 | Featured, Legal Issues
Effective Sept. 6, the Ontario government implemented changes to the Residential Tenancies Act 2006, which impacts both landlords and tenants in an important – and perhaps surprising – way. What has changed? The Sexual Violence and Harassment Action Plan Act, 2016,...
by Natalka Falcomer | Oct 11, 2016 | Advice for Agents, Featured, Legal Issues
Q: What’s the biggest fear most professionals have? A: Getting sued by a client. We all fear lawsuits because of what a lawsuit implies: Poor customer service; lack of knowledge; and overall failure to do what’s right and ethical. Q: What’s a growing trend? A: Clients...
by MarkWeisleder | Sep 19, 2016 | Advice for Agents, Featured, Legal Issues
Just when you think you have seen everything in a real estate deal, something new occurs. The important thing is to learn something from whatever happens. 1. They only left us one key. The front door has two locks! This happens more often than you think. Calling the...
by Martin Rumack | Sep 12, 2016 | Legal Issues
Those of you who have mortgages may know that the federal Interest Act contains a section that expressly governs post-default mortgage interest rates. Specifically, Section 8 of that act prohibits a lender from imposing a “fine, a penalty or a rate of interest” that...
by Martin Rumack | Aug 31, 2016 | Advice for Agents, Featured, Legal Issues
I am often asked by sellers to advise how much (or how little) information they must provide to potential buyers. It’s never an easy answer. Although the time-honoured saying “buyer beware”’ still holds, in law the seller has a legal obligation to disclose what...
