Licensees know that selling property can be stressful on homeowners. After all, they are not just selling their property, but their home. Situations where there are short deadlines or competing offers may add stress to the matter, but it is crucial that the licensee continues to cross their t’s and dot their i’s.

What happens if you are representing a seller and you receive an offer on their property that is incorrectly completed? 

There are times when a seller may ask to co-list a property with another brokerage. This could be in hopes of greater exposure, or for assurance that they will have support should they want to work with a smaller brokerage who may not have the means to cover when licensees are out of town.

When co-listing a property, there are small but important differences to the paperwork requirements. Those requirements depend on which brokerages are co-listing the property and what their agency models are.

The Commission invites interested licensees to nominate themselves to fill one three-year term with the Commission’s Board of Directors.

When a consumer completes a brokerage agreement, service contract or purchase agreement with software to secure an electronic signature, and the signature field includes a date stamp, there is no requirement to fill in the ‘Dated’ line in the final section of the form.

For example, a signature provided by dotloop identifies the date and time the signature was placed on the form, as seen below.

The Commission Board of Directors have approved a number of bylaw revisions to (1) introduce online voting in place of paper and proxy voting for the 2017 Annual General Meeting, and (2) to enhance the compliance recourse when licensees do not comply with the Commission during investigations or audits.

View the Bylaw here.