A recent decision from Ontario’s Divisional Court serves as another reminder for real estate agents to get their Buyer Representation Agreements in writing. In this case, it cost the buyer’s alleged agent $7,192.50 in commission.
The transaction related to a shopping plaza which included a gas station and convenience store. The property was listed by Remax.
An agent for Realty Canada Inc. (“Realty”) had placed an advertisement about the plaza in the Business Exchange magazine. As a result of the advertisement, the agent received a telephone call from a potentially interested buyer. This potential buyer visited the plaza and made . . . [more]