open house

This is a common question. While it may sometimes seem like a nosy, or irrelevant ask, there are reasons a representative hosting an open house may ask this question.

Real Estate Changes

In November of 2019, the Ontario government announced plans to change the rules that real estate salespeople and brokerages must follow. The changes are outlined in Bill 145, the Trust in Real Estate Services Act, 2019. A bill that proposes changes to the, the Real Estate and Business Brokers Act, 2002 which the Real Estate Council of Ontario (RECO) now administers in order to protect home buyers and sellers and to uphold professional integrity within the real estate industry.

take photos

In today’s market, potential buyers can view and visit dozens of listed properties and open houses before setting their sights on a place they’d like to call home. With so many properties available, taking photos to document the ins and outs of a property can help in recalling specific details later.

00home-buying

Buying your first home is an exciting milestone. It is also an endeavor that can get complicated quickly, so I recommend working with a registered real estate salesperson or broker to guide you through the process.

The Real Estate Council of Ontario (RECO) has been looking out for home buyers – and sellers – for over two decades. I suggest that you start by visiting RECO’s website and following these five tips:

help rent

I trust that you have read and understand your obligations as a landlord under the Residential Tenancies Act, confirmed the property zoning accommodates rental and the building meets all the relevant fire and electrical safety codes and that the former owner obtained all the appropriate building permits.

real estate

I’m unhappy with my real estate salesperson and I’m not sure I want to work with him anymore. Can I cut him out of the process and deal with the seller’s agent myself?

Commissions and fees charged by the brokerage 1

Arrangements can vary. Commission and fee arrangements come in three forms:

    • A fixed amount
    • A percentage of the sale price
    • A blend of a fixed amount plus a percentage of the sale price

buying-a-condo

The short answer to this question is that buying a condominium (condo) involves a number of special considerations you won’t encounter when you purchase an ordinary detached or semi-detached home, and you should be aware of them before you make an offer.

 

 

Buyers-Representation-Agreements

When you are buying your home, a real estate broker or salesperson may ask you to sign a representation agreement. A representation agreement defines the nature of the relationship between you and the brokerage, including the broker or salesperson.