“Ask Joe” is a question and answer column by RECO’s Registrar Joe Richer that appears 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 am selling my home and have an open house planned. Should I tell my salesperson to cancel it because of COVID-19?
- I recently purchased a property close to a university and hired a real estate professional to find me a tenant. If I rent it to an international student, since they have no credit history, can I request additional deposit monies or extra pre-paid rent?
- Our Listing Agreement is nearing the contract expiry date, and we do not plan to extend the agreement. What should we know about the holdover clause within our agreement?
- If I purchase a “power of sale” property will I get a great deal?
- Is my real estate agent allowed to collect a referral fees when they recommend a home inspector to me?
- I’m a homeowner in Toronto. I have an adult child who is struggling to purchase their first home. I’ve been doing some research on laneway housing – If I add a laneway house to my property, am I allowed to sell it to my child?
- I’ve found a property that I like, and the seller has requested a deposit of $50,000. If I change my mind, can I get my deposit back?
- I’m getting ready to sell my home, I plan to sell it without the assistance of a real estate professional. Is it possible to put a property on MLS®, without being a real estate salesperson?