ARCHIVED BLOG POSTS
2010
3
Comments
Managing the Form 202 Relationship By Brian Madigan LL.B.(Ontario Real Estate Source)If you are a real estate agent in Ontario, you are going to have some trouble managing the Form 202 relationship.This is the "commission agreement". You have a client and you're bringing an Offer to seller of a ...
12/31/2010
1
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The "Contract" in Form 202 By Brian Madigan LL.B.(Ontario Real Estate Source)There is supposed to be a contract in the new Form 202, called "Seller Commission Agreement with Co-operating Brokerage For a Listed Property".So, Jack Smith decides to sell his house. His wife Muriel would like to list...
12/31/2010
0
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Predicting Movement in 2011 GTA Market By Brian Madigan LL.B.(Ontario Real Estate Source)While there's lots of speculation associated with the ups and downs and potential related to the 2011 resale housing market, there's one way that's easy to tell.Just look at the leading markets!Yes, the leadi...
12/30/2010
1
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Improving First Impressions By Brian Madigan LL.B.(Ontario Real Estate Source)You only get one chance to make a first impression, so let's make it count.Oftentimes, when sellers are getting their homes ready for sale they concentrate on the inside of the house. There's nothing wrong with that. Th...
12/30/2010
8
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Chattels and Fixtures ~ The Debate By Brian Madigan LL.B.(Ontario Real Estate Source)Of the 40 some odd posts of mine dealing with the issue of chattels and fixtures, it has been interesting to see different views on the same fact situations. This series appears in a variety of venues. Some comme...
12/29/2010
0
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Terms Bank Rates Preferred Rates 6 Month 4.45% 3.95% 1 YEAR 3.35% 2.54% 2 YEARS 3.60% 3.14% 3 YEARS 4.15% 3.44% 4 YEARS 4.94% 3.74% 5 YEARS 5.19% 3.69% 7 YEARS 6.09% 4.75% 10 YEARS 6.40% 5.15% Rates are subject to change without notice. *OAC E&OE Prime Rate is 3.00% Variable rate mortgages from...
12/29/2010
4
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Form 202 ~ commission agreement By Brian Madigan LL.B.(Ontario Real Estate Source)We now have a new form once the consent agreement was struck. It is called "Seller Commission Agreement with Co-operating Brokerage For a Listed Property".The first step for the FSBO (for sale by owner) group was t...
12/28/2010
Due Diligence Period ~ What Lawyers Need to Know About the CREA Consent Agreement By Brian Madigan LL.B.(Ontario Real Estate Source)Lawyers are definitely going to be more active during the "due diligence period". This is the time between the agreement being negotiated and becoming firm and bind...
12/27/2010
Negotiating ~ What Lawyers Need to Know About the CREA Consent Agreement By Brian Madigan LL.B.(Ontario Real Estate Source)Now that real estate services are "unbundled", lawyers will be asked to step into the role of negotiators.So, here's the problem: many real estate lawyers are not very good ...
12/27/2010
Agency ~ What Lawyers Need to Know About the CREA Consent Agreement By Brian Madigan LL.B.(Ontario Real Estate Source)If you are practising in the real estate conveyancing field, you had better get up to speed on the law of agency.It was simple enough in law school, and as you know, the laws of ...
12/27/2010
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