One is interest earned on trust accounts. Many brokers pocket that interest unless an offer states who receives it, although the capital isn't theirs until closing. Also side stepped is dual agency-agents or brokers who sell their own listings, office listings or company listings. Any RECO initiative today faces an administrative quagmire. The stigma of Walkerton and allegations of undue government downloading, looms large over these proposals.
Discretion undermines one of democracy's most cherished safeguards.
Trustees in bankruptcy, auctioneers, financial institutions and lawyers can trade in real estate, in the course of and as part of their professional activities. Interested parties can respond to these proposals until Nov. 3. You can in our Columnist newsgroup. Join the discussion now . Alan Silverstein is a real estate lawyer whose column appears in the weekend Sun's New Homes section.