by MarkWeisleder | Jul 12, 2017 | Columnists, Featured, Legal Issues
“I will pay $5,000 more than the highest offer received.” This is what is known as an escalation clause and it has been developed to give a person in a bidding war an advantage over the other bidders. It usually will also include a “cap” such that the maximum price to...
by Bob Aaron | Jun 28, 2017 | Columnists, Featured, Legal Issues
The Ontario Real Estate Association (OREA), which represents 70,000 real estate agents and brokers in Ontario, has become involved in a public spat with the real estate industry regulator over the use of a controversial provision in purchase agreements known as an...
