I am responding to an article by Bob Aaron regarding Seller Property Information Statements (REM, March).
His take on this is wrong. I am a broker for the past 30 years and have been using these forms since their inception. I contend that they have saved more litigation than they have created. In fact, since my firm has been using them, our incidents have been reduced to none. Mr. Aaron is playing on so few court decisions that it is crazy to even mention them. He sites 49 reported court decisions since 1993! Big deal.
Can you imagine how many concerns have not made the courts because of these forms? Let’s face it, 49 out of literally hundreds of thousands of transactions….actually the SPIS helps the transaction be completed in a positive way. The fact that there are so few court cases is proof that these forms are working for everyone.
Gene Bystryk
Gene Bystryk Real Estate Ltd.
Simcoe Ont.