In advance of the 2022 General Local Elections, BCREA discussed housing challenges faced by mayors and community stakeholders in several of BC’s unique municipalities.
Posts tagged with “Commission”
Despite good intentions, there are limits to how far a REALTOR® should go to help a colleague when it comes to business collaborations and opportunities.
Beginning in the late eighteenth century, courts refused to enforce illegal contracts as a matter of public policy…
Could a licensee be held liable for the poor performance or negligence of another professional such as a home inspector…
What if a buyer is introduced to a property, or to a seller, during a multiple listing, but later enters a legally enforceable contract to buy the property after the listing expires…
A recent BC Supreme Court decision confirms that the Multiple Listing Contract (MLC) creates an equitable assignment…
A recent case illustrates the pitfalls awaiting brokerages and REALTORS® when choosing to act as a limited dual agent…
In general, a brokerage must have a contract with a person to claim commission from that person. In each particular set of circumstances, the wording of…
A half-interest in a home is owned by a live-in resident, while the other half-interest is owned by non-residents…
In a case where a seller refused to accept a deposit cheque, a Supreme Court judge gave an answer to a problem we didn’t know we had in the Contract of Purchase and Sale (CPS)…
The phrase “the race goes to the swiftest” describes the result of a dispute between the purchasers of two adjoining lots in a subdivision fronting on Columbia Lake…
Paragraph 8 of the standard Multiple Listing Contract requires the seller to refer and deliver all enquires of offers to purchase the listed property to the listing agent…
A couple who agreed to purchase a yet-to-be-constructed condominium from a developer repudiated the agreement after it was built because their complaints could not be resolved…
A false start raised several expensive obstacles for a licensee who sued for payment of a commission…
Legally Speaking 359 considered a licensee’s successful claim for commission when his principals argued that he breached the standard of care and fiduciary duty owed…
When the price of a property listed on the Multiple Listing Service® (MLS®) is reduced, what is the extent of a licensee’s obligation, if any, to give follow-up notice…
I understand it is the standard practice of a licensee to explain the significance of the Contract of Purchase and Sale terms to the parties to it, before it is signed…
Earning a commission is very much an all or nothing venture…
A Supreme Court of British Columbia judge decided an individual who was not licensed as an agent or salesperson under the Real Estate Act was entitled to payment of $50,000 for introducing a buyer to property sellers…
An agent who is given a listing of real property by a receiver/manager licensed under the Bankruptcy and Insolvency Act can confidently expect to be paid if a buyer contracts during the term of the listing to purchase…
A Port Alberni agent successfully collected a commission because of his prominently displayed sign on his principal’s property…
Column #279 discussed the cancellation of a listing, which cancelled the holdover clause and the practice of cancelling an MLSO listing of property, which has been on the market for a number of days to give…
The extent of a licensee’s duty to provide market value for property a licensee knows he will list for sale, was discussed in a case where a lakefront lot, which was listed for sale at $35,000, was purchased…
The increase several years ago of Small Claims Court monetary jurisdiction to $10,000, opened the door for a number of licensees to sue for payment of a commission which they might otherwise have chosen…
The conclusion of a judge, concerning the test for determining the effective cause of sale in a case where an agent sued for a commission, may have some application to the arbitration of a commission dispute…
The last column No. 266 ended with the suggestion that licensees with independent contractor contracts containing commission trusts, might wish to file a Financing Statement in the Personal Property Security Registry…
Two decisions illustrate the risk of not using the full name of a company purchasing property, or the failure of a company to be incorporated at the date it received the benefit of an assignment of a contract…
An investment made by BCREA and the Victoria Real Estate Board, of legal fees towards the cost of a claim made by a Victoria licensee, that payment of her commission had priority over the receiver/manager…
Column #247 referred to a case in which the judge laid down six rules for deciding whether or not an article is a chattel or a fixture…
The case referred to in Column #231, which discussed the loss of a commission payable by an insolvent owner of property valued at less than the total amount of mortgages…