Improper Execution of the Confirmation of Acceptance (Ontario)

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

Improper Execution of the COA

More often than not, an improper time was inserted into the COA. No one read the memo from OREA explaining the differences between the COE and the COA. Actually, that was a bit of a problem: there wasn’t one.

So, many agents simply continued with the old practice of the “last person to sign”.

In reality, the correct person would be the individual who knew about the actual acceptance.

That might not be the person who signed with the intention of accepting the Offer. That was just step 1 (the signing). They would have to know about step 2, and often they didn’t know anything at all about step 2, which was communicating with the Offeror.

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