ARCHIVED BLOG POSTS
2009
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Air Conditioners For Everyone! By Brian Madigan LL.B.Free air-conditioners all at the realtor's expense. And, you might wonder why?It's very simple. The agent said central air was included. Only one little problem, the property never had central air. So, the solution seems straightforward: the ...
05/30/2009
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No Deposit: Agent's Responsibility By Brian Madigan LL.B.If the purchaser fails to deliver the deposit, whose responsibility is this? What is the role of the agent?The Real Estate Council of Ontario (RECO), the regulating body for real estate sales representatives and brokers recently had to co...
05/29/2009
Unauthorized Access by Buyers ~ Agent Liability By Brian Madigan LL.B.This is a rather strange situation, but unfortunately it occurs more frequently than you might imagine.The listing agent signed up the vendors to a standard MLS agreement. Shortly afterwards, the agent met the potential purch...
05/28/2009
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By Brian Madigan LL.B. I thought that everyone knew this, that’s the reason why most people live in the City. Rural life has its charm, but there are always issues with both water supply and waste water disposal. These two matters are an integral part of every rural real estate transactions, lik...
05/27/2009
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Rural Risks: Water and Sewage By Brian Madigan LL.B. I thought that everyone knew this, that’s the reason why most people live in the City. Rural life has its charm, but there are always issues with both water supply and waste water disposal. These two matters are an integral part of every rural ...
05/27/2009
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Agent's Obligation to Protect Public from Mortgage Fraud By Brian Madigan LL.B.An agent is not able to simply discount the interests of the public. A real estate agent has a general duty to act professionally and protect the public from mortgage fraud.That was the lesson learned by an agent rec...
05/26/2009
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The Unprofessional Advertisement By Brian Madigan LL.B.The agent ran an ad that cost $8,000.00! That's a lot of money for a local ad running in a Periodical.Well, that was the Fine not really the cost of the ad. So, what was so bad about the ad that it warranted an $8,000.00 fine?Actually, here'...
05/25/2009
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Mortgage Fraud ~ Two Innocent Parties By Brian Madigan LL.B.That could be a problem! In fact, that's how you lose your house.Let's assume that Bob owns a house in the City and decides to rent it out for a period of time. He is planning a well-earned vacation travelling the world in his retireme...
05/24/2009
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No Insurance for the Garage By Brian Madigan LL.B.Rob and Allison were sitting quietly in their family room one evening when all of a sudden they heard a crash, it was like a jet airplane landing on their roof.They went out to their backyard and found that a 72 foot tractor trailer had veered o...
05/23/2009
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Seller's Indemnity under Listing Agreement By Brian Madigan LL.B.You may wish to consider the Seller's obligations to indemnify under the standard form Listing agreement prepared by the Ontario Real Estate Association (OREA).Here's what the clause looks like:"8. INDEMNIFICATION: The Seller will...
05/22/2009
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Brian Madigan
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