The phrase “the race goes to the swiftest” describes the result of a dispute between the purchasers of two adjoining lots in a subdivision fronting on Columbia Lake…
Posts tagged with “Bankruptcy”
Legally Speaking
Delay in Applying for Building Site Approval; a Loss of View; Commission Advance Loans #378
Legally Speaking
Commission, Receiver/Manager Can’t Be Sued Personally for Sale of Unionized Business, Seller Discharged Employees, Not Liable for Payment Made by Buyer to Settle Grievance #327
An agent who is given a listing of real property by a receiver/manager licensed under the Bankruptcy and Insolvency Act can confidently expect to be paid if a buyer contracts during the term of the listing to purchase…
Legally Speaking
Personal Property Security Act – Commission Trust; Contract of Purchase and Sale (Paragraph One) Restrictive Covenant; Third Party Approval of Plans Not a Minor Defect of Title #267
The last column No. 266 ended with the suggestion that licensees with independent contractor contracts containing commission trusts, might wish to file a Financing Statement in the Personal Property Security Registry…
Legally Speaking
Commission Trust Between Independent Contractor and Agent, Validity & Personal Property Security Act Involvement #266
An investment made by BCREA and the Victoria Real Estate Board, of legal fees towards the cost of a claim made by a Victoria licensee, that payment of her commission had priority over the receiver/manager…
Legally Speaking
Bankruptcy of an Agent #177
There have been fortunately, very few bankruptcies among real estate agencies in British Columbia, but when they do occur, they have unpleasant consequences for salespersons sharing in commissions paid to…
Legally Speaking
Disclaimer Clause; Joint Tenancy Risk #102
“Above information is from sources believed to be reliable, but should not be relied upon without verification. N.R.S. assumes no responsibility for its accuracy”…