Tags Posts tagged with "legal issues"

legal issues

Supreme Court of Canada

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The ground-breaking Supreme Court decision addresses the question of how good faith and honesty come into play in real estate contracts, in terms of each party’s contractual performance.

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The Bhasin v. Hrynew decision by the Supreme Court of Canada has changed forever how real estate contracts will be reviewed by the courts. Clearly if you lack the competence in delivering real estate services you are now in a heap of trouble.

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As you are aware (or should be) as a professional real estate broker/salesperson, there are professional duties that must be honoured at all times. These legal obligations are not just words or hearsay, and can be illustrated by events now taking place in the United States.

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In a significant Ontario Court of Appeal decision (Toronto Standard Condominium Corporation No. 2095 v. West Harbour City (I) Residences Corp., 2014 ONCA 724), the court dismissed a condo corporation’s appeal from an agreement limiting liability for condo deficiencies.