by REM Editorial Team | Sep 23, 2014 | Legal Issues
Avi Rosen, a 40-year veteran real estate broker and a paralegal who specializes in real estate matters, recently interviewed Toronto real estate lawyer Martin Rumack, who wrote Legal Responsibilities of Real Estate Agents, Third Edition with Rosemary Bocska...
by REM Editorial Team | Sep 15, 2014 | Featured, Legal Issues
By Bob Aaron A recent decision of a discipline panel of the Real Estate Council of Ontario (RECO) could spell the end of the Seller Property Information Statement (SPIS) in Ontario. The SPIS is a disclosure form published by the Ontario Real Estate Association...
by REM Editorial Team | Sep 9, 2014 | Legal Issues
A recent Ontario case goes to the heart of something dear to real estate agents, commission rights. The sales rep entered a standard Listing Agreement with the vendor for the sale of the vendor’s property. That agreement provided a commission of 4.5 per cent “for a...
by REM Editorial Team | Sep 2, 2014 | Advice for Agents, Featured, Legal Issues
By Hannon Bell I’ve been a licensed real estate agent since 1995. Recently along with some colleagues I was brought up to date on the new guidelines on the government’s enhanced Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) policies. FINTRAC...
by REM Editorial Team | Aug 12, 2014 | Legal Issues
In a recent Ontario case the question of the retainer of the professional was raised before the court. This issue is significant for real estate agents when they are retained, because it points to the duties and obligations that their retainer encompasses. In the...
by REM Editorial Team | Jul 3, 2014 | Legal Issues
In Ontario the Limitations Act Statute of Ontario 2002 (which came into force on January 1, 2004) set a general limitation period of two years. This is the amount of time a person has to bring an action for damages after they discover the facts that would support the...
