Toll Free: 1-866-562-1924

Mississauga Office: 905-822-5000
1673 Lakeshore Rd. W. Mississauga, Ontario L5J 1J4

Oakville - South: 905-844-5000
151 Randall. Oakville, Ontario L6J 1P4

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Does the Seller get the deposit?

May 15, 2012

No, the deposit may go back to the Buyer, directed to the Seller, it may be split between the two or it may go into dispute. It depends on th [...]

Tagged with: seller deposit deposits

What happens if a deal falls through?

If the deal falls through, a mutual release will be obtained if the parties to the contract do not want to proceed with any actions for damag [...]

Tagged with: deal falls through deal

Who reports conditional sales?

The office reports the sales through the Deal Secretary, Teresa Browne.

Tagged with: conditional sales conditional sales report reporting

When do we report sales?

Any changes must be reported within 2 business days (conditional, firm, suspended, price change, etc).

Tagged with: reporting sales conditional firm status change status

Who is our Privacy officer and our Fintrac officer?

Wendy Misiurski.

Tagged with: privacy privacy officer fintrac fintrac officer officer

Who keeps the original forms?

The Brokerage.

Tagged with: forms

Can I offer cash or an incentive to others to send me clients?

No, that is a 3rd party inducement. You may, however, offer rebates, pay legal fees, give gifts to those directly involved with the transacti [...]

Tagged with: clients incentive

If the deposit does not come through, is the deal dead?

 - Updated: May 15, 2012Offers

No, it is in anticipatory breach. But we still need a mutual release to resolve the transaction.

Tagged with: deposit offer offers

Doesn't the Act say that we have 5 days to deposit cheques?

 - Updated: May 15, 2012Offers

No, it says that the brokerage has 5 days from receipt to deposit the cheque.

Tagged with: deposit offers

Does deposit cheques have to be certified?

 - Updated: May 15, 2012Offers

Our Schedule B says that deposits on our listings must be certified. If that is not altered, then the buyer and buyer agent are obligated to [...]

Tagged with: deposit offers offer certified

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