Foreclosure – Defence of Vendor/Mortgagor Against Deficiency Claim #72

Legally Speaking

By Gerry NeelyB.A. LL.B. The Real Estate Council has recently advised licensees of the desirability of advising a vendor of the vendor’s continuing liability to a mortgage lender under a mortgage granted by the vendor on property that is then sold to another person who agrees to assume the mortgage payments. The decrease in property

Commission – Open Listing #73

Legally Speaking

By Gerry NeelyB.A. LL.B. An open listing given by the owner of property in the fall of 1982 to half a dozen agents – the introduction of the eventual purchaser by a licensee who is not one of the half dozen – a signed agreement by the owner to pay the licensee the commission –