Don’t Forget the Clauses

In last week’s blogs, we reviewed the revised and new OREA standard forms. This week we will look at the 2014 residential and commercial clauses. These pre-set wordings/statements that can be inserted into agreement to reflect the wishes of the parties are intended to make REALTORS’® lives easier. The 2014 Residential and Commercial Clauses document … Continued

And Then There Were Clauses

OREA develops standard forms that form the basis for a binding agreement between a buyer and seller. Sometimes, these forms are not enough, so clauses are created. For 2012, the Standard Forms Committee revised two standard clauses and created five new clauses involving renewable energy (or green energy). The Law Society of Upper Canada requested … Continued