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Johnston & Green Real Estate Ltd., Brokerage
Jaclyn Solomon Sales Representative 416-429-5118 Click here for new listings. Home Inspections |
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Why use a realestate broker or salesperson?
When you work with a registered broker or salesperson you benefit from their: Education, Knowledge and Experience All brokers and salespersons are required to complete educational courses prior to becoming registered and are also required to take continuing education courses. In addition, many brokers and salespersons pursue ongoing professional development opportunities, obtain membership in professional associations and attend industry events on a regular basis. While consumers buy and sell real estate infrequently, most brokers and salespersons are engaged in these activities on a daily basis. Consumer Deposit Insurance All brokers and salespersons are required to be insured. The insurance program administered by RECO includes consumer deposit insurance - paid for by brokers and salespersons. In the event of fraud, misappropriation of funds or insolvency there is coverage available to consumers of up to $100,000 per claim to a maximum of $500,000 per occurrence. Complaints & Enforcement support All real estate brokers and salespersons are required to comply with the Real Estate and Business Brokers Act, 2002 and associated regulations, including the Code of Ethics. RECO addresses inquiries, concerns and complaints about the conduct of brokers and salespersons and takes appropriate action to protect the public interest.
When you purchase a home, it's usually recommended that you have a home inspection done. In fact, a typical Agreement to Purchase Form will include a standard preprinted clause with respect to home inspections. This is one of the most common conditions in an offer to purchase a property. When real estate markets are extremely active and you really want a particular home, skipping the home inspection and not placing this kind of condition in an offer can be tempting. Before you make the decision, consider the benefits of a home inspection. If there is a Seller Property Information Statement (SPIS), you may receive a copy and have a general sense of comfort about the history of the property. However, you should keep in mind that the person selling the home may not be aware of property defects and that the information provided in the SPIS is based only on their personal knowledge. Similarly, the broker or salesperson representing you in the transaction may have the experience to identify visually obvious defects, but underlying problems can exist. A qualified and experienced home inspector will examine the major systems in the home such as: • Electrical Many home inspection companies encourage you to attend the inspection and ask the inspector questions during the process and about the results of the inspection. The decision is yours to make, but you will be better informed and able to assess whether or not you want to invest in any upgrades or repairs that might be needed. RECO does not regulate home inspectors. For information about home inspectors and home inspection services you can speak to your real estate broker or salesperson or refer to these association websites: Canadian Association of Home & Property Inspectors Ontario Association of Home Inspectors Septic System Inspections Ontario's Ministry of the Environment recommends that home buyers have a septic system inspected prior to finalizing a sale on a property. This condition may also be requested by your financial institution. A time of sale inspection may help protect you against future unexpected costs. The inspection process might involve pumping the tank and examining the leaching bed for any signs of problems. A septic system inspection may be conducted by a licensed septic system installer, a licensed sewage hauler or a professional engineer. For more information, visit the Ontario Ministry of the Environment's Clean Water website or view: Your Septic System: Protecting Your Investment and the Environment |
![]() Design Dazzles - Dos and Don’ts Anyone doing a home renovation project today wants to avoid yesterday's fashion. And if possible, they want to be on top of tomorrow's. |