Real Estate Education Series (10) ~ Disclosure Laws in Canada for Real Estate Agents
The course on the “The Laws of Disclosure and the Use of the Seller Property Information Statement” will run on 4 November 2014 in Toronto.
There are two separate and distinct laws that apply to disclosure, one for the sellers and the other for real estate agents. Do you know the differences? Which requirements are more onerous?
What if you want to disclose something and the seller doesn’t, whose view governs?
What happens if you are provided with some confidential information by the seller, but you don’t get the listing? Can you safely inform colleagues? What if you later have your own buyer?
What about misrepresentation, fraud, false pretences, and negligent statements; what are your risks and liabilities? What if the source of the information is incorrect? What if your client is honest and trustworthy, but just happens to be mistaken? Are you liable?
We will review the following:
· Seller’s obligations and liability
· Agent’s obligations and liability
· Use of the SPIS
· Alternative uses of the SPIS
· How to protect yourself with the SPIS
· Disclosure beyond caveat emptor
· What does the Supreme Court of Canada say about this?
· 5 leading cases from the Supreme Court of Canada
· Liability for misrepresentations
· View of the legal system: contracts and torts
· Measure of damages
· How to protect yourself from liability
· Checklist for disclosure
If you are actively working in the market, this course is a MUST unless you already know all the answers. If not, let’s talk about these questions on the 4th of November.
Limited enrolment. To reserve a seat, please email me at BRMadigan@rogers.com