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

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

96 Rexdale Blvd. 
Toronto, Ontario 


Phone: 416-745-2300

Cell: 647-404-8150 
Toll Free: 1-888-507-0817

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Posts tagged with: orea

Agent’s Risk of Disclosing Far too Much!

August 20, 2018 - Updated: August 20, 2018RECO, OREA

Agent’s Risk of Disclosing Far too Much! There are two separate and distinct disclosure requirements, one under the Real Estate an ...

Tagged with: agent disclosure not necessary form 160 form 161 reco orea ontario law

Payment of Commission with a Zero Per Cent BRA

July 24, 2018 - Updated: July 24, 2018Agency

Payment of Commission with a Zero Per Cent BRA From time to time, an agent with complete a Buyer Representation Agreement and charge & ...

Tagged with: bra 0 agent entitlement orea ontario law

The Amendment Can be a Very Risky Document to Use

August 31, 2017 - Updated: August 31, 2017Contracts

The Amendment Can be a Very Risky Document to Use Consider the situation where the Buyer includes a Home Inspection Condition and a Fina ...

Tagged with: contract amendment use misuse negligent use amendment form orea ontario law

Using a Seller Property Information Statement (SPIS) in Ontario

August 29, 2017 - Updated: August 29, 2017Seller Property Information Statements (SPIS)

Using a Seller Property Information Statement (SPIS) in Ontario For a considerable number of years the Seller Property Information State ...

Tagged with: seller property information statement spis orea form 220 orea code of ethics ontario law

OREA’s Position on Agency Changes

August 14, 2017 - Updated: August 14, 2017RECO, OREA

OREA’s Position on Agency Changes OREA has responded to the Ministry of Government and Consumer Services. You will recall the ...

Tagged with: orea changes to agency multiple representation mandatory designated representation transactional representation

Seller’s Release from Prior Agreement Gives Too Much Power to the First Buyer

July 7, 2017 - Updated: July 7, 2017Contracts

Seller’s Release from Prior Agreement Gives Too Much Power to the First Buyer Sometimes, there is more than one way to deal with a ...

Tagged with: mutual release condition precedent form negotiations orea ontario law

Duty to Disclose Kitec Plumbing by Real Estate Agents

May 26, 2017 - Updated: May 26, 2017Disclosure

The Duty to Disclose Kitec Plumbing by Real Estate Agents Just what is Kitec? Kitec plumbing is made up of flexible aluminum pip ...

Tagged with: kitec disclosure real estate listing agent buyers agent reco orea ontario law

Completing the Confirmation of Co-operation and Representation when in Multiple Representation or Dual Agency

March 26, 2017 - Updated: March 26, 2017RECO, OREA

Completing the Confirmation of Co-operation and Representation when in Multiple Representation or Dual Agency An issue which arises freq ...

Tagged with: ccr confirmation of co-operation and representation dual agency multiple representation orea conflict of interest

Should You Get the Acknowledgement Signed by the Other Side?

February 23, 2017 - Updated: February 23, 2017Agreement of Purchase and Sale

Should You Get the Acknowledgement Signed by the Other Side? The Standard Form Agreement of Purchase and Sale contains an Acknowledgem ...

Tagged with: agreement orea form 101 notices acknowledgement litigation

Refusing to Accept the Waiver (the Consequences)

December 12, 2016 - Updated: December 12, 2016Agreement of Purchase and Sale

Refusing to Accept the Waiver (the Consequences) It is a popular belief that in certain circumstances, only a Notice of Fulfilment (NO ...

Tagged with: waiver notice of fulfillment nof conditions precedent subsequent true orea ontario law

Christmas Day 2016 is a Business Day in Ontario

December 11, 2016 - Updated: December 11, 2016RECO, OREA

Christmas 2016 is a “Business Day” in Ontario Well, just for real estate. And, when I say that, just for regulative and ad ...

Tagged with: christmas day business day rebba gen reg 56705 reco orea ontario law

Magician's Deposit Clause

December 11, 2016 - Updated: December 11, 2016Deposits

The Magician’s Deposit Clause A few Brokerages have been using a clause which they find helpful. From time to time a Buyer decid ...

Tagged with: deposit magician disappears no deposit delayed deposit orea ontario law

Notice of Fulfillment or Waiver - The Debate

December 9, 2016 - Updated: December 11, 2016Agreement of Purchase and Sale

Notice of Fulfillment or Waiver (The “Debate”) A question that seems to arise frequently is the use of the Waiver and the ...

Tagged with: waiver notice of fulfillment nof conditions precedent subsequent true orea ontario law

OREA’s Response to CBC Marketplace Investigation

November 7, 2016 - Updated: November 7, 2016RECO, OREA

OREA’s Response to CBC Marketplace Investigation Tim Hudak may be “new” to OREA, but he certainly isn’t new to ...

Tagged with: cbc orea tim hudak changes rebba 2002

Multiple Representation Resources

October 31, 2016 - Updated: October 31, 2016RECO, OREA

Multiple Representation Resource Material and Sources of Information I am setting out some material re ...

Tagged with: multiple representation conflict reco orea

Another Use for Form 801

July 23, 2016 - Updated: July 23, 2016RECO, OREA

Another Use for an 801 A year has gone by since this document was introduced. It was originally intended to be an Offer Document Summa ...

Tagged with: form 801 orea offer summary document alternative document retention ontario

30 Rules of Deposits

May 10, 2016 - Updated: May 10, 2016Deposits

Deposit Issues - 30 Basic Rules A deposit is not required to make a contract enforceable A deposit is a sign of good faith A ...

Tagged with: deposits 30 rules orea rebba 2002 breach ontario law

HST Clause in the Agreement of Purchase and Sale

April 14, 2016 - Updated: April 14, 2016Contracts

HST Clause in the Agreement of Purchase and Sale From time to time, the HST clause in the Agreement of Purchase and Sale is filled out ...

Tagged with: hst clause agreement of purchase and sale orea

Fixtures Clause in the Agreement of Purchase and Sale

April 12, 2016 - Updated: April 12, 2016Contracts

Fixtures Clause in the Agreement of Purchase and Sale The “Fixtures” clause in the standard form OREA Agreement of Purchas ...

Tagged with: fixtures clause 5 agreement of purchase and sale orea ontario law

Irrevocability Clause - Resolving the Ambiguity

April 8, 2016 - Updated: April 8, 2016Contracts

Irrevocability Clause –Ambiguity Resolution One of the very basic steps in the Offer/Acceptance interplay is the irrevocability ...

Tagged with: irrevocability clause agreement orea when due ontario law

Deposits - Selecting the Right Clauses

April 7, 2016 - Updated: April 8, 2016Contracts

Payment of the Deposit and Selecting the Correct Clause From time to time agents run into problems with the deposit clause in the stan ...

Tagged with: deposit clause orea agreement certified cheque interest amount stakeholder ontario law

Understanding the Delivery of Notices under the Agreement of Purchase and Sale

April 7, 2016 - Updated: August 24, 2016Contracts

Understanding the Delivery of Notices under the Agreement of Purchase and Sale Sometimes, agents can run into difficulty giving or rec ...

Tagged with: agreement form orea notices delivery ontario law

Contract Acceptance Requires a Pen and a Phone

April 6, 2016 - Updated: April 6, 2016Contracts

Contract Acceptance Requires a Pen and a Phone When we are considering the acceptance of an Offer, there are two steps: ...

Tagged with: acceptance execution communication contract confirmation offer orea ontario law

Completing Form 801 OREA Successfully

August 2, 2015 - Updated: August 2, 2015RECO, OREA

How to Fill Out OREA Form 801 Form 801 is going to be with us. It has been drafted by the trade association OREA. It could ...

Tagged with: form 801 orea made received submitted ontario law

Counter Offer ~ Difficulties with Standard Form

July 3, 2015 - Updated: July 3, 2015Contracts

Counter Offer ~ OREA Form 107 When considering the number of standard forms in use in Ontario as prepared by the Ontario Real Estate a ...

Tagged with: counter-offer form orea problems with form ontario law

Phantom Offers in Ontario (targeted by Bill 55)

June 17, 2015 - Updated: June 17, 2015RECO, OREA

Phantom Offers in Ontario (targeted by Bill 55) With the prevalence of bidding wars in Toronto and the GTA, have come “phantom o ...

Tagged with: phantom offers reco orea bidding wars ontario

Buyer Customer Service Agreement - What is a CUSTOMER?

May 29, 2015 - Updated: June 5, 2015Agency

Buyer Customer Service Agreement – What is a CUSTOMER? We are going to examine the Buyer Customer Service Agreement. In doing so ...

Tagged with: orea customer service. rebba 2002. co9der of ethics ontario law

Buyer Representation Agreement Explained (Ontario) Part 1

April 6, 2015 - Updated: April 6, 2015Agency

Buyer Representation Agreement Explained (Ontario) It is sometimes difficult to understand and appreciate legal contracts, particularl ...

Tagged with: buyer representation agreement bra agency appointment fiduciary duties orea form

Cancellation of the Listing ~ Is it Over?

July 17, 2014Agency

Full or Partial: Cancellation of the Listing ~ Is it Over? Maybe not! You negotiated and signed a Cancellation with your fir ...

Tagged with: listing cancellation termaination full partial release orea ontario law

Problems with the First Class Professional Service ~ Agency

February 18, 2014 - Updated: February 19, 2014Agency

Agency and The Lack of Professionalism The premium, gold standard, first class level of service in the real estate business is &ldquo ...

Tagged with: agency non agency client customer orea reco rebba ontario law

OREA Students’ Assistance ~ Tutorials

January 14, 2014 - Updated: January 14, 2014Education (Students)

Are you a student studying real estate at the Ontario Real Estate Association? If so, then you’ll be very interest in the fact t ...

Tagged with: orea students tutorials seminars education

Acknowledgement ~ OREA Form 127

April 5, 2013 - Updated: April 5, 2013Buyers

There is a recent new Form which has been published by OREA, (the Ontario Real Estate Association). It is Form 127, described as an: ...

Tagged with: informed consent document orea form 127 ontario law article

Continuing Education Changes By RECO

March 20, 2013 - Updated: March 20, 2013Courses

It is important to note the new changes to the continuing education program as implemented by RECO. For anyone requiring a renewal of ...

Tagged with: reco orea credits ceu mandatory courses programs article

Should You Sign an SPIS?

March 18, 2013 - Updated: March 18, 2013Seller Property Information Statements (SPIS)

The question is: “do you sign one or not?” OREA says yes. RECO says yes. But, most Ontario lawyers would say “no&rdq ...

Tagged with: spis seller property information statement orea reco lawyers ontario law article

OREA Form 225 and the

February 17, 2013 - Updated: July 16, 2016Seller Property Information Statements (SPIS)

In OREA’s new Form 225, there are two statements made about the law of disclosure in real estate: "Whether or not the selle ...

Tagged with: orea form 225 spis informed consent disclosure duty ontario law article

Brian Madigan LL.B. Broker

RE/MAX West Realty Inc. Brokerage

Independently owned and operated

96 Rexdale Blvd. , Toronto Ontario,

Phone: 416-745-2300

BRMadigan@Rogers.com

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