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Category: Contracts and Clauses

7 Posts

Common Amendments

In this segment, Terence Walsh, Broker Delegate and NW Office Manager, takes us through different scenarios when it comes to Common Amendments and shares his recommended strategies to make changes to your amendments.

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Foreclosure Strategies

In this segment, Terence Walsh, Broker Delegate and NW Office Manager, discusses the types of foreclosures that you want to consider: Traditional Lender Foreclosure & Court of Queen’s Bench Foreclosure. Each type comes with different challenges and different strategies.

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AREA Purchase Contract Changes Coming July 18, 2017

On July 18, AREA is introducing changes to its Residential Purchase Contracts and two supporting forms (Purchase Contract Dower Consent and Acknowledgement form and Sale of Buyer’s Property Schedule). Find out what these changes are and how they affect your clients.

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Hot Topics in the Condo Market

Nina Bhasin joins guest host Russ Austin to talk about hot topics in the condo market.

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Changes to the AREA Purchase Contract (coming summer 2016)

The Alberta residential real estate Purchase Contract is undergoing some major changes for 2016! You’ll be expected to use these new forms early this summer, and AREA will be sharing educational resources with its members so you can get used to the forms before they’re officially launched. Here is a sneak peek of the new Purchase Contract and a review of its changes, the implications on your practice, and how you can continue protecting your clients. (As seen on CIR LIVE...

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Special Clause Offers

A Special Clause Offer is when the buyer submits an offer to purchase on a home with the condition that they must first sell their own home before they can complete the purchase (Sale of Buyer’s Home Condition). This usually happens when a buyer is unable or unwilling to support multiple mortgages. A Special Clause Offer will include a Sale of Buyer’s Home Schedule attached to the Purchase Contract, outlining the buyer’s property details and asking price. The buyer and...

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Are You Guilty of Implied Agency When In A Customer Relationship?

Many Realtors do not understand the fact that even though you have a signed contract with someone stating that they are in a “Customer Status” relationship with you, this can quickly become an “implied agency relationship” based on what is shared between the Realtor and the Customer. If the Realtor provides the Customer with information outside of what is allowed in a Customer relationship, the courts would consider you to be in an agency relationship with that person based on...

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