Have you ever listed a house for a client, only to find out that there are liens registered against the property that will hinder the closing? There may be a way to deal with a client's debts, and still complete the sale.
This decision by the Supreme Court of Canada marks an important development in the law relating to directors' personal liability and reﬁnes our understanding of this key component of Canadian corporate law.
It goes without saying that when problems arise, it is easy for buyers or sellers to try to blame the salespeople for what has happened. Here are five key things to keep in mind when things go wrong in a real estate deal.
The Real Estate Council of Ontario (RECO) sent a controversial newsletter about the use of escalation clauses to agents across the province. Discussions on the Internet lit up with criticisms of the RECO position.
If the buyer cannot close, they will likely forfeit their deposit and be subject to a lawsuit from the seller, for the difference in the sale price if the seller now sells the property for a lower price than the buyer agreed to pay.
The saga of the contorted definition of “real estate” continues. Section nine of REBBA continues to be a trap for the unwary in which one individual is barred from receiving compensation while another enjoys a windfall.
REM (Real Estate Magazine) is Canada’s premier monthly magazine for real estate professionals. REALTORS®, real estate agents, sales representatives, brokers, owners, administrators, and other real estate industry stakeholders read REM every month for news, analysis, and commentary on Canadian real estate.
REM is independently owned and operated, and is not affiliated with any real estate association or board.