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Commission Reduction Agreements
When REALTORS® use commission reductions, it is essential to create an appropriate agreement in order to comply with the Trust in Real Estate Services Act, 2002 (TRESA 2002). In a commission reduction agreement, the listing brokerage agrees with the seller to reduce commission that was previously agreed to. The following are the ...
Continue ReadingHome Maintenance Tips for the Fall Season
Getting your home in shape for cooler months isn't rocket science. Set aside some time now to complete these simple tasks so you can rest easy, knowing you're prepared. 1 of 15 Three easy winterization steps for your lawn mower Before your mower hibernates for the winter, take a few minutes to prevent ...
Continue ReadingThe Commercial Mortgage
Preface If you are reading this, you may be considering acquiring a commercial property, for example, a commercial or industrial condo, an office building, a manufacturing/warehouse facility, apartment building, shopping centre, strip mall etc., and this generally involves the negotiation of a commercial mortgage. While most of you may have had ...
Continue ReadingReal Estate Agents Commission Rebates Can Be Taxable to Clients
There are nearly 40,000 real estate agents in Toronto; that is one agent for every 140 Torontonians! In Vancouver, the numbers are even more staggering - one agent for every 61 Vancouverites. It helps, of course, that the market is sizzling hot, but across Canada, the competition among realtors is ...
Continue ReadingOREA – Fighting for Fair Housing
The report from the Ontario Real Estate Association’s Presidential Advisory Group on Diversity, Equity and Inclusion. The overarching goal of the PAG is to identify where systemic racism occurs in the real estate and housing sectors... Over the past two years, a racial reckoning has taken place, triggered by a number ...
Continue ReadingWhole-Home Security Systems Continue to Evolve
Until recently, even the latest home security system could become obsolete overnight. But, newer whole-home integration systems are much more compatible with interchangeable parts and innovative add-ons.As a result, it’s now possible to have a multi-faceted security system that watches over many of the functions and activities in and around ...
Continue ReadingHow to Transfer Real Estate Property During Your Lifetime
Are you looking to transfer real estate property during your lifetime to your children? Maybe your rental property or a cottage? First of all, yes it’s possible, but take the time to evaluate all the possible scenarios. There are many solutions available and they all come with their share of ...
Continue ReadingPredicting Your Future Housing Needs
What will your housing needs be in three to five years? If you can figure that out, you can watch the market, target areas and communities you might like to live in, and reap the benefits of planning ahead.To begin the process, start by asking yourself the following questions: What will ...
Continue ReadingProtect Against Email and Computer Viruses
Protect Yourself and Your Devices Today we use internet-connected devices in all aspects of our lives. We go online to search for information, shop, bank, do homework, play games, and stay in touch with family and friends through social networking. As a result, our devices contain a wealth of personal information ...
Continue ReadingWhat Is a Full-Service REALTOR®?
Many home sellers are looking for ways to make more out of the sale of their home. Because houses represent one of the largest purchases in many Canadian's lives, it's only natural for you to want to make all that you have put in (plus some, if the market is ...
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