by James R.G. Cook | Apr 29, 2025 | Legal Issues
Stock photo (Canva) QUICK HITS A buyer agreed to purchase a marina property but refused to close when a condominium neighbour registered a notice claiming parking rights, creating a title defect. The Ontario Superior Court found the seller was not responsible...
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 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 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...
