Brian's Ontario Real Estate Blog

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



Inspection and the Listing Agent’s PresenceQuestion:What happens if the Listing Agent wishes to attend the Buyer’s home inspection?Answer:There is no right to the exclusive use of the property during an inspection. If you would like that on behalf of a Buyer, then that request will have to be spe...
BRA Holdover – Referral Enforcement Question:A Buyer Representation Agreement is signed for three months expiring 31 December, with a 120 day holdover period.The Buyer buys on 2 January. What happens?Answer:Answer:You will have to appreciate that there are indeed two “holdover triggers” in the st...
Rule out Dual Agency in OntarioThe concept of dual agency in Ontario is largely focused upon one Sales Representative acting for both the Seller and the Buyer in the same deal.By accident, since the Brokerage is the “legal agent” this occurs with some regularity in larger offices. Really, this is...
Eliminate Customer Service (REBBA, 2002)There is no point to customer service at all. Most people don’t understand it and with increased concerns for consumer protection, it should simply be eliminated.It serves no useful purpose and it causes problems. It also creates a false sense of security f...
What Changes Should be Made to REBBA, 2002?To start off with, there are five issues which should be addressed, in my view:1)    Customer Service,2)    Dual Agency,3)    Multiple Representation,4)    Designated Agency,5)    Multiple Offers.Proposed Solutions:1)    Eliminate Customer Service entire...
Term Posted Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.04% 2.64% Fixed 2 Year 3.24% 2.54% Fixed 3 Year 3.44% 2.79% Fixed 4 Year 3.89% 2.99% Fixed 5 Year 4.99% 2.94% Fixed 7 Year 5.30% 3.69% Fixed 10 Year 6.10% 3.74% Variable 2.30% Prime 3.20% Benchmark 4.99%

Brian Madigan

LL.B., Broker
local_phone(416) 745-2300
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