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In Ontario, the Seller Property Information Statement, or SPIS, is an informational disclosure by the seller to prospective buyers; it is mandatory for members of some real estate boards, optional in others (e.g., the Toronto Real Estate Board). The Ontario Real Estate Association recommends REALTORS consider using the SPIS. (Note the qualifier.) Bob Aaron is a local real estate lawyer and columnist for the Toronto Star on legal issues in real estate. One of his more controversial topics is the SPIS -- his articles on SPIS invariably draws responses from both sides. Bob's own view is that it invites litigation and … (0 comments)
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