“Ask Joe” is a question and answer column by RECO’s Registrar Joe Richer that appears each Saturday in the Toronto Star.
Richer answers questions from readers on a variety of topics, including how to spot a former grow-op, protecting your deposit and what to disclose in multiple offers.
Are you a home buyer or seller with a question?
- I want to learn all I can about the real estate industry in Ontario, but it’s hard to keep track of all the organizations — RECO, TREB, OREA and CREA. What do they do, and who’s looking out for me?
- I’m thinking about buying a fixer-upper and notice that some listings say, “as is.” Are these homes falling apart? Would I be nuts to buy one?
- I’m interested in becoming a real estate salesperson. How do I start?
- What are the pros and cons of working with a real estate agent instead of selling my home myself?
- I want to put my house up for sale. Do all listing sales reps offer Open Houses? Or is this something I have to request?
- What are the key terms I should know before I sign an agreement with a real estate rep to buy a home?
- My salesperson needs to take a leave from work for personal reasons, so she can no longer help me sell my home. What happens now?
- I agreed to buy a pre-construction condo from a builder, but I’m having second thoughts. What kind of penalty is there for backing out of the purchase?