Chapter 11 – Contracts for Real Estate Transactions

COURSE DESCRIPTION

Understanding the Competition Act and its role in the province as a federal statute.  We go over the requirement for writing and how to create an enforceable contract.  Many unenforcable contracts have resulted simply because a licensee was careless.  Listing agreements and the relationship between the real estate brokerage and the vendor.

LEARNING OUTCOMES

• An overview of the requirement of writing
• Assignments in the contract 0f purchase and sale
• When listing a dwelling, what is the required information you must obtain and how to verify its authenticity
• How to protect both the vendor and purchaser from conditions precedent in contracts of purchase and sale
• Apply the provisions of the Competition Act
• How the law applies to listing agreements and standard form contracts.
• Section 59 of the Law and Equity Act
• Duty to disclosing environmental information to buyers
• The Role of the Competition Act