Commission Upon the Sale of "An Insolvent Property" #232

BC Real Estate Association logo with the words "legally speaking" printed below

By Gerry NeelyB.A., LL.B. 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 and liens registered against it, raised comments as to how licensees can protect themselves. The judge stated that licensees either needed the