Are you unsure if you or your clients qualify for the HST rebate on a new home or condo? Whether you are flipping your new property or renting it out, be sure to check the HST rules that relate to the federal 5 percent portion and provincial 8 percent portion of the HST. In the [...]
All posts in category Real Estate Legal Matters
Court Denies Realtor $11,000 Commission
Sanjay Babbar of Sutton Group – Summit Realty Inc. in Oakville was denied his claim to his $11,000 commission in a small claims court on March 27th, for failing to clearly explain the key terms of the Buyer Agency Agreement to his clients. Sanjay’s claim was that he had spent time explaining everything to Jean [...]
Posted by suttonadmiral on May 3, 2012
http://suttonadmiral.wordpress.com/2012/05/03/court-denies-realtor-11000-commission/
Contractual Obligations
Last month we discussed the statutory duties and obligation imposed by Ontario legislation on agents which in part govern the relationship and conduct between agents, their clients and prospective buyers and sellers. As you may recall, in addition to statutory duties, agents are subject to contractual and fiduciary duties. This month we will focus on [...]
Posted by suttonadmiral on February 4, 2012
http://suttonadmiral.wordpress.com/2012/02/04/contractual-obligations/
Statutory Duties
The nature of agent’s duties to their client(s), and the profession at large, can be grouped into three primary categories; statutory, contractual and fiduciary. Over the next few months we will focus on the nature and extent of these duties beginning with statutory obligations. In Ontario, statutory duties and obligations are governed primarily by the [...]
Posted by suttonadmiral on January 7, 2012
http://suttonadmiral.wordpress.com/2012/01/07/statutory-duties/
The Right to Assign an Agreement of Purchase and Sale
Over the past few months I have seen several instances where a Purchaser enters into an Agreement of Purchase and Sale (the “Agreement”) and prior to closing seeks to assign the Agreement to a Third Party Assignee. Notwithstanding that the property was not purchased in trust, nor was there a specific provision included as a [...]
Posted by suttonadmiral on October 29, 2011
http://suttonadmiral.wordpress.com/2011/10/29/the-right-to-assign-an-agreement-of-purchase-and-sale/
The ASA Designation and How You Can Earn Yours!
Between the years of 1947 to 1966, Canada (among many other post World War II countries) experienced a baby boom. Canadian census data on age and sex showed that as of May 15, 2001, the median age of Canada’s population reached an all-time high of 37.6 years. It is estimated that, in late 2007, about [...]
Posted by suttonadmiral on October 1, 2011
http://suttonadmiral.wordpress.com/2011/10/01/the-asa-designation-and-how-you-can-earn-yours/
