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Clients and Best Interests in Ontario

By
Commercial Real Estate Agent with RE/MAX West Realty Inc., Brokerage (Toronto)

Best Interests

The provision in the Code of Ethics dealing with “best interests” is as follows:

Best interests

  1. A registrant shall promote and protect the best interests of the registrant’s clients. O. Reg. 580/05, s. 4.

The specific positive duty is to “promote” and “protect”. Note, this ONLY applies to Clients. It will not be found elsewhere dealing with customers somewhere.

This is probably the most profound difference between clients and customers, at least, in the legislation.

 

If you would like to discuss this or any other real estate matter, please contact me at:

 

Brian R. Madigan, LL.B., Broker
 
RE/MAX West Realty Inc., Brokerage
416-745-2300 (office)