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What is a SPIS (Seller Property Information Statement)?

The SPIS will provide information related to defects, renovations and other pertinent property information, based on the seller’s knowledge and experience.The Code of Ethics, a regulation under the Real Estate and Business Brokers Act, 2002, contains specific provisions related to the Seller Property Information Statement (SPIS). However, it does not oblige a seller to complete … Read moreWhat is a SPIS (Seller Property Information Statement)?

Why are home inspections necessary?

When you purchase a home, it’s often recommended that you have a home inspection done. In fact, a typical Agreement to Purchase Form will include a standard preprinted clause with respect to home inspections. This is one of the most common conditions in an offer to purchase a property. When real estate markets are extremely active … Read moreWhy are home inspections necessary?

What are the benefits of working with a registered salesperson?

Education, Knowledge and Experience All brokers and salespersons are required to complete educational courses prior to becoming registered and are also required to take continuing education courses. In addition, many brokers and salespersons pursue ongoing professional development opportunities, obtain membership in professional associations and attend industry events on a regular basis. While consumers buy and … Read moreWhat are the benefits of working with a registered salesperson?

Are Commissions Negotiable?

Commissions are not fixed nor approved by the Real Estate Council of Ontario, government authorities, real estate associations or real estate boards. It is the brokerage that determines the commission rate it wishes to charge a consumer. Typically, the commission will be based on the services provided by the brokerage and its employees. Keep in … Read moreAre Commissions Negotiable?