Brian Madigan LL.B., Broker
BRMadigan@iSourceRealEstate.com

RE/MAX West Realty Inc.,
Brokerage
Independently owned and operated

96 Rexdale Blvd. 
Toronto, Ontario 


Phone: 416-745-2300
Toll Free: 1-888-507-0817

 

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Posts tagged with: commission

Is Commission Owed on an Agreement which doesn’t Close?

October 11, 2017 - Updated: October 11, 2017Sellers

Is Commission Owed on an Agreement which doesn’t Close? To answer this question we’ll have to look at the Listing Agreement. ...

Tagged with: listing commission trigger valid offer not closing not completion ontario law

Commissions and Shortfall of Funds

July 28, 2016 - Updated: July 28, 2016Agency

Protecting Your Commission in the Case of a Shortfall of Funds on Closing Let’s assume that you are the buyer’s agent and ...

Tagged with: agents commission funds shortfall no money on closing trust ontario law

Agent Fails to Reduce REBATE Promise into Writing (RECO Discipline)

February 26, 2016 - Updated: February 26, 2016Discipline (Agents)

Agent Fails to Reduce “Rebate” Promises into Writing (RECO Discipline) This situation seems occur with reasonable frequenc ...

Tagged with: rebate bonus promise reduction commission not in writing reco discipline ontario law

Buyer Representation Agreement Explained (Ontario) Part 6C COMMISSION- HOLDOVER CLAUSE

April 9, 2015 - Updated: April 10, 2015Agency

Buyer Representation Agreement Explained (Ontario) Part 6C COMMISSION-HOLDOVER CLAUSE Here is the part of the Agreement dealing with ...

Tagged with: buyer representation agreement br agency ontario explanation commission holdover clause law

Buyer Representation Agreement Explained (Ontario) Part 6B COMMISSION-PRICE

April 9, 2015 - Updated: April 10, 2015Agency

Buyer Representation Agreement Explained (Ontario) Part 6B COMMISSION-PRICE We will tackle this paragraph in two steps. The first part ...

Tagged with: buyer representation agreement bra agency onatrio commission price law

Buyer Representation Agreement Explained (Ontario) 6A COMMISSION

April 8, 2015Agency

Buyer Representation Agreement Explained (Ontario) Part 6A COMMISSION We will tackle this paragraph in two steps. The first part runs ...

Tagged with: buyer representation agreement bra agency ontario explanation commission

Should You Pay a Commission to Buy Your Own Property?

May 5, 2014 - Updated: May 7, 2014Consumer Protection

Paying Commission to Buy Your Own Property? That’s an interesting question! How would that work? Let’s assume Bo ...

Tagged with: commission contracts rebates ontario law

Issue: Double-Ending in a Bidding War

May 2, 2014 - Updated: May 3, 2014Agency

The Double-Ending Listing Agent in a Bidding War Now, that’s UNFAIR. As you know, we have a “hot market” i ...

Tagged with: double end commission bidding war listing agent selling agent ontario law

Commissions: Do They Create a Liability for the Vendor?

April 21, 2014 - Updated: April 21, 2014Agency

Liability for the Payment of Commission If the deal doesn’t close, does the vendor have to pay a commission? If, the deal didn&r ...

Tagged with: listing agreement commission obligation liability payment vendor ontario law

Commission is Due and Payable on Full Price Offer

January 29, 2014 - Updated: January 29, 2014Real Estate Agents

Some might think that it takes a completed real estate deal to warrant the payment of a commission. That’s not the case. The full price of ...

Tagged with: commission due full price offer trigger valid offer ontario law

Informed Consent Doctrine Applied to Commission Agreements

January 21, 2014 - Updated: January 22, 2014Real Estate Agents

Full Disclosure Required This is an interesting case. It’s about the process of obtaining the seller’s informed consent to ...

Tagged with: commission agency non-disclosure non-agency clients customers ontario law

Commission Entitlement in Ontario Real Estate Transactions

July 22, 2013 - Updated: July 22, 2013Contracts

If the deal doesn’t close, does the vendor have to pay a commission? If, the deal didn’t close, and it was the purchaser's fault ...

Tagged with: contract commission listing agreement ontario law

Unfortunate Scenario for Buyer’s Agent without Priority

June 23, 2013Real Estate Agents

Consider the following set of unfortunate circumstances. Bill bought a lakefront cottage through Bob of ABC Realty for $500,000.00 las ...

Tagged with: commission priority protection clause

Comparing the Commission Clauses in 3 Agreements

June 20, 2013 - Updated: June 22, 2013Real Estate Agents

There are three basic forms of commission agreements with sellers. They are slightly different. The Listing is agency, the Customer Service agre ...

Tagged with: commission agreements 200 201 202 orea forms

Clauses to Protect Commission in the Agreement

June 18, 2013 - Updated: June 18, 2013Real Estate Agents

Protecting the Buyer’s Agent’s Commission From time to time, there are issues with respect to the payment of commission. O ...

Tagged with: commission payment protection ensuring payment risks

Commission Sharing Agreements

April 23, 2013 - Updated: April 23, 2013Contracts

Real estate agents often work in small teams, or align themselves with others for specific projects. Here’s an example of an arr ...

Tagged with: commission sharing agents consulting contracts

Can You Do an End Run Around the Agent?

March 20, 2013 - Updated: March 20, 2013Contracts

From time to time, a seller will think that the agent didn’t really earn their commission. It may be that a neighbour or friend approaches ...

Tagged with: listing commission entitlement holdover ontario law

Brian Madigan LL.B. Broker

RE/MAX West Realty Inc. Brokerage

Independently owned and operated

96 Rexdale Blvd. , Toronto Ontario,

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