The situation last month:
Salvatore was relatively new to the real estate profession and was listing his first commercial property. Because he found few comparables, he made some assumptions based on the residential market in the area and some assumptions about the future use of the property. Salvatore’s very demanding client, Albert, told him they would no longer work together. (more…)
Salvatore Salesperson was fairly new to the real estate profession. He may not have had a lot of experience, but he knew he was going to be successful – he was smart, he was personable, he had a wide circle of friends and acquaintances and he had ambition. (more…)
Ancaster
Small town charm, beautiful surroundings and upscale neighbourhoods have attracted people to Ancaster since 1792. Today, the historic and picturesque village core – loaded with heritage buildings and homes – remains its primary point of interest. (more…)
Popular seasonal item now in stock (more…)
On November 19, CMHC will present its annual Housing Outlook Seminar in the Hamilton-Burlington area. This seminar will provide you with leading edge expertise that focuses on the profile of the Echo Boomer generation and their effect on local housing market trends, and will also give you an opportunity to: (more…)
The Ontario Ministry of Transportation (MTO) has announced that the NGTA Transportation Development Strategy Report has been finalized. (more…)
Thanks to the efforts of RAHB volunteers who met with Hamilton City Councillors and staff and worked with members of the Hamilton and District Apartment Association to find an alternative to rental housing licensing, rental licensing in Hamilton has been placed on the back burner. (more…)
Dunnville is a picturesque community located in Haldimand County along the beautiful southern Ontario shores of the Grand River. (more…)
Professional Development Committee offers Seven Fall Courses (more…)
COMING SOON!
RAHB is in the final stages of developing an online catalogue of Realty Shoppe inventory so members can make their purchases online. Watch for more details!
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Popular seasonal item arriving soon!
2014 Calendar Magnets
A great way to make your business card readily available to your clients: remove the cover from the adhesive magnet and attach your card. An economical marketing tool that your clients will appreciate receiving.
Special features include:
Six designs will be available to choose from – while quantities last
Call the Realty Shoppe at 905.529.5979 to order yours today!
Although the Realty Shoppe is available through the RAHB switchboard, members are asked to please use the Shoppe direct phone line at 905.529.5979 (direct fax: 905.529.7109).
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Monday – Friday, 8:30 a.m. to 4:30 p.m.
T: 905.529.5979
F: 905.529.7109
E: [email protected]
The Fourth House
(scenario from Introducing REBBA 2002: The Real Estate and Business Brokers Act 2001, published by RECO. Reprinted with permission.)
The buyer signs a buyer representation agreement including specifics as to the type of property wanted, namely a two-storey residential home in the $425,000 to $500,000 range in the West Ridge area of Anycity. The salesperson locates four listed properties meeting those specifications, three of which offer co-operating brokerages a commission ranging from 2.5% to 3%. The fourth is attractively priced, offers the same amenities but with a lower commission of 1.5% to the co-operating brokerage. The salesperson shows the three properties only and obtains an acceptable offer. Prior to closing, the buyer discovers that the fourth house was deliberately withheld and lodges a complaint with RECO. Disciplinary action is subsequently taken against the registrant.
Article 19 REBBA 2002
19. If a brokerage has entered into a representation agreement with a buyer, a broker or salesperson who acts on behalf of the buyer pursuant to the agreement shall inform the buyer of properties that meet the buyers criteria without having any regard to the amount of commission or other remuneration, if any, to which the brokerage might be entitled.
Members are reminded that they have a duty to their buyer client to show their buyer all properties that meet their requirements, even though it might mean a lower commission.
In 2012, the City of Burlington was ranked #2 in Money Sense magazine’s “Canada’s best places to live” list. (more…)