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Adelaide Corp Adams Adams
Albert District Rd. Bd Addison Addison
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Brighton Corp Baldina Bandon
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Brown's Well DC Baroota Barossa
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Caurnamont DC Bendleby Berri I A
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Cleve DC Black Rock Plain Blacker
Clinton DC Blacker Blanche
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Col. Light Gardens Corp Blyth Bockelberg
Coonalpyn Downs DC Bockelberg Bonney
Crafers DC Bonney Bonython
Crystal Brook DC Bonython Bookpurnong
Dalkey DC Book A Boolcunda
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Dudley DC Book D Boothby
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Freeling DC Bright Bundey
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Kadina Corp Catt Chillundie
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Karoonda East Murray DC Chillundie Coglin
Kennion DC Clare Cohen
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Kimba DC Cockburn Comaum
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Kuitpo District Rd. Bd Colebatch Conmurra
Kulpara DC Coles Coolinong
Lacepede & Robe DC Colton Coombe
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Lameroo DC Condada Coonarie
Laura Corp Coneybeer Coonatto
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Loxton DC Coonarie Cotabena
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Macclesfield DC Cootra Cowan
Macclesfield District Rd. Bd Copley Crozier
Maitland Corp Corrobinnie Crystal Brook
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Mannum DC Cotabena Cultana
Marion Corp Cotton Cummins
Marion DC Cowan Cungena
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Melville DC Cudlamudla Curramulka
Meningie DC Cultana Dalkey
Midlands District Rd. Bd Cummins Dalrymple
Millicent DC Cungena Darke
Minlaton DC Cunningham Darling
Mitcham Corp Cunyarie Davenport
Mitcham DC Curramulka Day
Mobilong DC Dalkey Dixson
Monarto DC Dalrymple Downer
Monarto Development Comm Darke Dublin
Moonta Corp Darling Dudley
Morgan DC Davenport Duffield
Morphett Vale DC Day Duncan
Mount Barker DC Dixson Dutton
Mount Bryan DC Downer Eba
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Mount Gambier Corp Dudley Encounter Bay
Mount Gambier DC Duffield English
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Mount Muirhead DC Eba Eurelia
Mount Pleasant DC Edeowie Eurilpa
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Mudla Wirra South DC Erskine Finniss
Munno Para DC Ettrick Fisher
Munno Para East DC Eurelia Fisk
Munno Para West DC Eurilpa Flinders
Murat Bay DC Everard Forrest
Murray Bridge Corp Field Forster
Murray Bridge DC Finlayson Fox
Myponga & Yankalilla DC Finniss Freeling
Myponga DC Fisher French
Nairne DC Fisk Gambier
Naracoorte Corp Flinders Geegeela
Naracoorte DC Forrest Gilbert
Narridy DC Forster Giles
Neales DC Fox Gillen
Ninnes DC Freeling Glen Roy
Noarlunga Corp French Glyde
Noarlunga DC Gambier Glynn
North District Rd. Bd Geegeela Gold Claims
North Midland District Rd. Bd Gilbert Goode
North Rhine DC Giles Goolwa
Northern Yorke Peninsula DC Gillen Gordon
Norwood DC Glen Roy Gosse
Nuriootpa DC Glyde Goyder
Onaunga DC Glynn Grace
Onkaparinga DC Gold Claims Gregory
Onkaparinga District Rd. Bd Goode Grey
Orroroo DC Goolwa Gumbowie
Out Of Districts Gordon Guthrie
Owen DC Gosse Hague
Para Wirra DC Govt Towns Haig
Paringa DC Goyder Haines
Payneham Corp Grace Hall
Payneham DC Gregory Hallett
Peake DC Grey Hambidge
Peninsula DC Gumbowie Handyside
Peninsula District Rd. Bd Guthrie Hanson
Penola DC Hague Hardy
Peterborough Corp Haig Hart
Peterborough DC Haines Haslam
Petersburgh Corp Hall Hawker
Pinnaroo DC Hallett Hay
Pirie DC Hambidge Heggaton
Port Adelaide Corp Handyside Hill
Port Augusta Corp Hanson Hincks
Port Broughton DC Hardy Hindmarsh
Port Elliot & Goolwa DC Hart Holder
Port Elliot Corp Haslam Hooper
Port Elliot DC Hawker Horn
Port Gawler DC Hay Howe
Port Germein DC Hd Boundaries Hudd
Port Lincoln Corp Heggaton Hutchison
Port Macdonnell DC Hill Hynam
Port Pirie Corp Hincks Inkerman
Port Wakefield Corp Hindmarsh Inkster
Port Wakefield DC Holder James
Prospect Corp Hooper Jamieson
Prospect DC Horn Jeffries
Queenstown & Alberton DC Howe Jellicoe
Rapid Bay DC Hudd Jenkins
Redhill DC Hutchison Jessie
Renmark Corp Hynam Joanna
Renmark Irrigation Trust Inkerman Joyce
Rhynie DC Inkster Julia Creek
Ridley DC Islands Jutland
Riverton DC James Kadina
Robe DC Jamieson Kaldoonera
Robertstown DC Jeffries Kanmantoo
Rocky River DC Jellicoe Kanyaka
Rosewater DC Jenkins Kappakoola
Saddleworth & Auburn DC Jessie Kappawanta
Saddleworth & Waterloo DC Joanna Kapunda
Saddleworth DC Joyce Karcultaby
Salisbury & Elizabeth DC Julia Creek Karlowan Div
Salisbury Corp Jutland Katarapko
Salisbury DC Kadina Keith
Sedan DC Kaldoonera Kekwick
Semaphore Corp Kanmantoo Kelly
Snowtown DC Kanyaka Kennion
South Rhine DC Kappakoola Ketchowla
Spalding DC Kappawanta Kevin
Springton DC Kapunda Kiana
St. Peters Corp Karcultaby Kilkerran
Stanley DC Karlowan Div Killanoola
Stirling DC Katarapko King
Stockport DC Keith Kingsford
Strahtalbyn DC Kekwick Kingston
Strathalbyn Corp Kelly Kirkpatrick
Strathalbyn DC Kennion Kondoparinga
Streaky Bay DC Ketchowla Kongorong
Swan Reach DC Kevin Koolgera
Talunga DC Kiana Koolunga
Talunga District Rd. Bd Kilkerran Koolywurtie
Tantanoola DC Killanoola Koongawa
Tanunda DC King Kooringa
Tatiara DC Kingsford Koppio
Tea Tree Gully Corp Kingston Kuitpo
Tea Tree Gully DC Kirkpatrick Kulpara
Terowie DC Kondoparinga Lacepede
Thebarton Corp Kongorong Laffer
Truro DC Koolgera Lake George
Tumby Bay DC Koolunga Lake Wangary
Tungkillo DC Koolywurtie Landseer
Unley Corp Koongawa Lewis
Upper Wakefield DC Kooringa Light
Victor Harbor Corp Koppio Lincoln
Victor Harbor DC Kuitpo Lindley
Victoria DC Kulpara Livingston
Victoria District Rd. Bd Lacepede Lochaber
Waikerie DC Laffer Louth
Wakefield Plains DC Lake George Loveday
Walkerville Corp Lake Wangary Lucy
Walkerville DC Landseer Macclesfield
Wallaroo Corp Lewis Macdonnell
Warooka DC Light Macgillivray
Waterloo DC Lincoln Magarey
West Torrens Corp Lindley Maitland
West Torrens DC Livingston Makin
Whyalla Comm Lochaber Malcolm
Whyalla Corp Louth Mamblin
Willunga DC Loveday Mangalo
Willunga District Rd. Bd Lucy Mann
Wilmington DC Macclesfield Mannanarie
Woodville Corp Macdonnell Mantung
Woodville DC Macgillivray Marcollat
Woolundunga DC Magarey Markaranka
Yankalilla DC Maitland Marmon Jabuk
Yatala District Rd. Bd Makin Maude
Yatala North DC Malcolm May
Yatala South DC Mamblin Mayurra
Yongala DC Mangalo Mccallum
Yorke Peninsula DC Mann Mcculloch
Yorketown DC Mannanarie Mcdonald
Mantung Mcgorrery
Marcollat Mcgregor
Markaranka Mcintosh
Marmon Jabuk Mclachlan
Maude Mcnamara
May Mcpherson
Mayurra Melville
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Mcdonald Miller
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Miller Mitchell
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Minbrie Monarto
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Mindarie Mongolata
Minecrow Moockra
Mineral Claims Moody
Mingbool Moonabie
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Miscellaneous Book Moorooroo
Mitchell Moorowie
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Molineux Morgan
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Moockra Mount Benson
Moody Mount Muirhead
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Moorkitabie Muloowurtie
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Moorowie Murbko
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Mount Benson Nackara
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Mudla Wirra Nangwarry
Muloowurtie Napperby
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Munno Para Narridy
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Occupation Surveys Parachilna
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RT News
Showing posts with label REM; OREA; SPIS; VOW. Show all posts
Showing posts with label REM; OREA; SPIS; VOW. Show all posts
Sunday, January 31, 2016
Wednesday, May 22, 2013
Bids on four plots: CDA fetches Rs2.3b
By Our Correspondent
Published: May 23, 2013
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On the second day of the auction, the civic agency offered four commercial plots, all of them situated in the Blue Area. PHOTO: FILE.
ISLAMABAD:
The Capital Development Authority (CDA) auctioned 14 commercial plots during its two day auction which concluded on Wednesday, fetching a total of Rs4.9 billion in successful bids, according to a press release.
On the second day of the auction, the civic agency offered four commercial plots, all of them situated in the Blue Area.
Plot A-2 parallel to sectors F-9 and G-9 in Blue Area fetched the highest per square yard (sq yd) bid. The 1,333.33 square yard plot went for Rs453,000 per sq yd — or a total of around Rs604 million.
The lowest bid received was Rs319,000 per sq yd for the 1,333.33 sq yd Plot A4, in the same area, while Plot A-1, measuring 1,333.33 sq yd, also in the same patch, received a bid of Rs330,000 per sq yd.
Plot 59, located in Blue Area between sectors F-6 and G-6 fetched the overall highest bid total bid. The plot, which measures 2,488.88 sq yd, received a bid of Rs343,000 per sq yd or Rs853 million in all.
On Tuesday, The CDA had auctioned 10 plots for a total of Rs2.6 billion.
The CDA auction committee headed by Finance Member Azhar Ali Chaudhary and includes Planning Member Mustafain Kazmi and Estate Member Shaista Sohail, will now submit its recommendations to the CDA board, which is the final authority for approving the bids.
Published in The Express Tribune, May 23rd, 2013.
Wednesday, January 16, 2013
A visit to Chaudry's heartland in Punjab
Its high time to invest in Canadian Properties, while Tahirul Qadri blocked way to Parliament.
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CDA misappropriations: Rapid construction on a controversial plot worries commission
By Obaid Abbasi / Photo: Obaid Abbasi
Published: January 19, 2013
The under-construction plaza in Karachi Company in G-9 is built on a plot that was allegedly auctioned for much lower than its value. PHOTO: OBAID ABBASI/EXPRESS
ISLAMABAD:
A judicial commission on Friday raised serious concerns over the rapid construction on a controversial commercial plot in Karachi Company, G-9. The plot, valued at Rs700 million, was allotted for a mere Rs200 million, according to official sources.
The plot was originally allotted to renowned comedian and film star Rangeela for a cinema house. The allotment was cancelled after the celebrity failed to pay up. Following the cancellation, the CDA Board changed the status of the plot to commercial and re-auctioned it for a plaza.
The plaza is currently being rapidly constructed, which may, in future, allow the owner to find a legal loophole to pay less for the project even if misappropriations are proved and the plot re-auctioned.
A CDA official said that a VIP personality from the ruling party is secretly behind the project. He said that in June last year, the Federal Investigation Agency (FIA) had taken into custody the complete records pertaining to the plot.
On Friday, the three-member judicial commission headed by former Supreme Court judge Sardar Raza Khan heard the case in-camera (no access to media) and recorded statements.
The judicial commission was formed in November 2012 to prepare a report on about 600 cases pertaining to CDA pending in the Islamabad High Court. Two retired sessions’ judges, Sakhi Muhammad Kahut and Baqir Ali Rana, are the other two judges in the commission.
The commission was to be compensated Rs5 million for three months of work. But sources say that it is unlikely the commission will be able to complete its report in the stipulated time.
The commission has advertised in various newspapers asking people to come forward and record their statements. So far, an official familiar with the sessions said, four people have recorded their statements.
Commission Secretary Pervez Qadir Memon confirmed that the commission on Friday was concerned over the rapid construction on the commercial plot. So far, he added, more than 70 employees and officials from CDA have recorded their statements.
The commission has completed hearings for Monal Restaurant at Pir Sohawa, IJP Road from Faizabad to Pirwadhai, Park Tower land allotment, LED streetlight project and Kuri Model Village.
Published in The Express Tribune, January 19th, 2013.
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Wednesday, January 09, 2013
OREA renews call for grow-op registry
OREA renews call for grow-op registry
Front PageJan 7, 2013
Ninety-six per cent of Ottawa residents agree they want to know if the home they’re planning on purchasing was formerly used as a marijuana grow-op (MGO) or clandestine drug lab, according to a study by Ipsos Reid for the Ontario Real Estate Association (OREA).
The poll found that almost one in four (24 per cent) of Ottawans report seeing or knowing of homes in their neighbourhood that have been used as MGOs or drug labs.
“The prevalence of these homes in Ottawa is quite frankly, alarming,” says Pat Verge, an Ottawa area Realtor and member of OREA’s Board of Directors. “Homes used as grow ops and/or clandestine labs pose significant health and safety risks to individuals, families, and communities all over the province.”
Locally, the City of Ottawa approved a recent bylaw regarding the prohibition, inspection and remediation of former marijuana grow-ops. The bylaw mandates the registration of work orders on the title of a property used as a former grow op. The bylaw would allow home buyers to find out if the property was a former MGO by doing a title search before they complete the purchase.
Verge says: “Eighty eight per cent of Ontarians support the creation of a province-wide registry of former MGOs and clandestine labs. As consumers they have the right to know anything and everything about the home that they are planning on purchasing – especially when not knowing could put themselves and their family at serious risk.”
Exposure to mould and toxins associated with MGOs and clandestine drug labs can cause serious health problems, including allergic (immunological) reactions, toxic effects and infection. Toronto Public Health says that MGOs are distinct from typical types of premises contaminated with mould in that they have been used for criminal activities that may have resulted in the creation of environmental hazards, as well as electrical and structural hazards. The potential presence of known hazardous, toxic and flammable substances associated with clandestine labs presents an immediate and continuing risk to anyone exposed to these substances, says Toronto Public Health.
11 Responses for “OREA renews call for grow-op registry”
Roger Arsenault says:
January 9, 2013 at 11:08 am
There is a lesson for all jurisdictions to learn from the proactive approach that is being taken in Ontario and, in particular the Ottawa area. This MUST become the standard practice for all areas of Canada.
Why is it that we get asked time and time again – “If I buy this grow-op do I have to disclose when I sell it?” If the safety of the public at large was being taken into account then the answer every time should be ABSOLUTELY. The buyer knew very well what they were purchasing and why should the safety of others be jeopardized just because they think they can make money by remediating the property.
Lenders and insurers are becoming more diligent for a reason so why not post the information on a public registry that everyone can see. I would like to take this one step further and have a national registry (no worse than the failed gun registry – oops was that my outside voice slamming politicians?)
I support having municipalities deal with these MGO and labs by whatever means they need to ensure the protection of the general population even to the point of ordering them destroyed!! Put that in the pipe and smole it – LOL.
These properties are being used for illegal purposes and should be treated as such. If you want to talk about somewhat medical uses that is a different story and these drugs have to be controlled the best they can, whether it be with other legislation or not. Come on politicians let’s think of who elected you and deal with these properties and protect the safety and integrity of all of us.
Reply
Dave DeShane says:
January 9, 2013 at 9:49 am
Remediated is remediated. WE shouldn’t be selling paranoia. In many/most cases a remediated house is better than neighbouring houses.
Hypothetical 1. Dad passed away, mom moved in with us for her health problems, there were legal delays in getting the house sold, the tenant started a grow op, he was caught at the very beginning stages, the municipality examined the home and determined that zero remediation was required, zero health concern, The realtor that was helping mom and arranged for the tenant now has disclose to everyone forever more that moms house was a grow op and moms nest egg is destroyed.
Hypothetical 2. I know this guy that loves tomatoes, he set his whole house up as a hydroponic operation for his tomatoes, he uses chemicals that you can buy at any store and mixes them and grows these massive tomatoes, really super tasty, you should see all the mildew in his house and hoses and wires everywhere, he got rich selling his formula to a tomatoe company and now with a little clean up he is selling his house, but it was just tomatoes so there is nothing to disclose.
Remediated is remediated. Once the jusisdiction is satisfied so should we be.
Dave
Reply
Joyce Ramer says:
January 9, 2013 at 10:48 am
Yes , Yes we should, it is imperative! Too risky for health reasons not to know before you make a sale!
Reply
Alex Morin says:
January 9, 2013 at 12:50 pm
Dave- Although you bring good points i couldn’t DISAGREE more with your comments. Permit me to do a parallel with the auto industry for a second- If you’re buying a used vehicle that was involved in an accident, flood, theft ….. and it’s been repaired why would you disclose it? it’s been fixed, right? Wrong, unlike the RE industry the auto industry regulates proper disclosure to insure customer protection.
A former grow op, should never in it’s lifetime be taken off the registry, Who are you or who am I to choose for the next buyers that this is information they do not need to know?
The question should be around the elements that are needed for this property to actually be part of the registry. Too many people judge a Grow op by the amount of plants that were seized when really these are the questions that should be asked to see if a house should make the list:
1: Was there modification to the electrical system to accommodate the operations?
2. Was there structural modification to the house ( Hole in the foundation, floor beams, attic…. )?
3. Was there modification of the HVAC or plumbing system?
4. Was there high moisture and Mold found on site?
5. Was there chemicals found in the house?
If ANY of these questions are yes then the property should be added to the registry, whether re-mediated or not .
Currently in Canada there is no standard approved remediation process, municipalities with very little knowledge are charged with the task of clearing these properties of health hazards when in fact no long term studies where ever made to prove that proper remediation solved all future health, structural or electrical hazards.
I strongly believe that the consumer should be made aware so he can purchase fully knowing all facts that will affect future value and any health hazards that might show up down the road.
Customers have a right to know and decide for themselves, Dave I believe the extent of your work is not to sell paranoia, but present the facts and advise your customers accordingly.
Alex
Reply
Alex Morin says:
January 9, 2013 at 8:42 am
I must chime in on this one, as this topic has surfaced again. iVerify.com built and maintains the first and only known multi agency level national MGO registry. We make our registry available to ALL real estate professional and home buyers. Equally important to MGO our services also cover Ontario municipal building permits as well as national insurance aggregated information on previous claims of a specific property.
Following this survey back in November we contacted Pat Verge to inform her of our services and our registry and to this date OREA has not shown interest in using it or supporting it.
Although we support and applaud the initiative shown by the city of Ottawa, police jurisdictions in Canada override each other, leaving an Ottawa MGO dismantled by the RCMP or the OPP uncovered by this initiative.
We can tell you that at this time many previous MGO homes are currently advertised on both MLS and FSBO websites WITHOUT the proper disclosures. Many specific investigations revealed that the sales professional or/and home owner did not disclose properly.
Our organisation is dedicated to bring solutions to help RE Professionals better represent their customers with unbiased information and transparency.
Feel free to contact me directly for further information.
amorin@iverify.com
Alex
Reply
Henry says:
January 9, 2013 at 8:14 am
Is this not a federal issue for CREA to look into. Not OREA. Surely OREA needs to look at more provincial poressing problems that are prevalent and will only escalate as the population ages and increases – for example better transit and seniors housing and tightening mortgage requirements and others….
Also what constitues a grow op property. Will the Registry be solely for residential properties or include farms, rural, industrial properties? Does the manufacture of legal drugs and/or toxins created require that the property must go onto a grow op registry. If a property that was used as a farm and had “drugs” such as insecticides, etc…housed in properties be classified as a property to be included. What if there were three marijuana plants legally grown for medical use in the home, does it have to go on the registry. Also what is the property is remediated – how does it comes off the Registry? Bet you it will never come off the registry. How long does the property stay on this list after it is “cleared” from all municipal work orders?
States in the USA are approving minimal use. Cities and towns in Mexico and South and Central America are starting to talk to the US changing its Drug War parameters to because of these states changing their policies. What if small three plant growing is approved in Toronto – does that home go on the list? Who decides?
Do you as a Realtor find out is a sex offender or pedophile lives in the town and do you disclose this? What if there is a “half way” house in the neighbourhood – do you disclose this? How about a Shelter? What about the gun registry? Surely your buyer would like to know if the neighbour owns a weapon?
I recall CREA has this on their radar some while back. They do not now. Why is that?
Reply
Eyes on the Net says:
January 8, 2013 at 9:43 am
For more than 6 months there has been a simple process for any Canadian to access this information. If they simply choose to be represented by a Buyer Representative who has been Professionally Verified or if they choose a home that has been Professionally Verified, they are legally protected to be informed if a home was a former Grow Op.
Where OREA and the Police are hindered by Privacy Law and the risk of false identifying a home, (which is why OREA probably wants legislation), Professionally Verified has taken the Agency approach to this issue.
Currenly NO mere posting or FSBO has the ability to be Professionally Verified by the way.
Just Google Professionally Verified.
BTW. This is another great tool that the ddf allows if you have access to a platform that supports it.
Reply
Brian Martindale says:
January 7, 2013 at 1:31 pm
Here is an interesting, and disturbing fact, as passed on to me during a seminar on residential grow ops in Ontario hosted by the Fire Chief of the City of Niagara Falls, Ontario. This was a seminar that I attended a few years ago in Peterborough, Ontario whilst working as a residential real estate Appraiser. I found the following information to be almost unbelievable, and it is this:
“There are more illegal residential grow ops in Ontario than in all of the United States of America.”
Why?
In Canada we are soft on so-called illegal soft drugs, pure and simple. Hand slaps are the rule of the day for offenders. Maybe many of our esteemed liberal politicians/judges smoked up, or still do. In the States, punishment is swift and harsh, as it should be, ergo, criminals target Canada, especially Ontario, for its relative ease of production of cannibus, as well as for its worth-the-chance-to-break-the-law mentality that is spawned by lax legal repurcussions in Ontario.
Brian
Reply
Merv Burgard says:
January 7, 2013 at 8:58 am
Some locations are noted on the RCMP website here:
http://www.rcmp-grc.gc.ca/drugs-drogues/mgi-ircm/index-eng.htm.
My local police department also posts a list of addresses.
Merv.
Reply
PED says:
January 8, 2013 at 12:58 pm
Useful link thank you. I note though there is nothing for Ontario I wonder why?
Reply
Dale says:
January 9, 2013 at 9:23 am
Click on the red square on the map for Ontario and there are 7 Police Departments that currently report. My region is not there and they don’t post anywhere else I wonder why it would make our job that much easier.
Saturday, October 06, 2012
Pakistani politician buys Tony Blair’s family home
Wednesday, August 17, 2011
OREA lawyer ‘emphatically’ supports disclosure forms
Front Page, Stan Albert Aug 15, 2011
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Lou Radomsky
By Stan Albert
As many of REM’s readers know, I’ve thundered on about using Seller Property Information Statements (SPISs, as they are known in Ontario) from time to time. Toronto lawyer and columnist Bob Aaron has dubbed me the “unofficial ombudsman” for Ontario Realtors. Be that as it may, I asked Lou Radomsky, Ontario Real Estate Association Standard Forms Committee legal counsel, to answer some of the slanted views of Mr. Aaron. It’s my fervent hope that some of you will weigh in on this article.
Lou was called to the Bar in 1977. He is an OREA Real Property Law instructor and he also instructs the Real Estate Council of Ontario Update Course. Lou has written and presented a variety of other courses.
Stan Albert: What gave rise to the SPIS?
Lou Radomsky: The SPIS was originally developed in Ontario by one of the boards. It was created to perform a number of tasks. It was and is meant to afford the real estate salesperson an opportunity to gather information about and become familiar with the property. It also gave and continues to give the seller the chance to be forthright about issues on the property that would be of interest to a buyer. OREA saw the benefits and value of the information provided by the form and created its own.
Albert: How many jurisdictions use a form similar to the SPIS?
Radomsky: Virtually every provincial and territorial association has some version of this form available.
Albert: Why does the form have a number of questions that may not apply to a property?
Radomsky: The form is a written format of questions a Realtor is supposed to ask when taking a listing. The Realtor would go through a series of questions to become knowledgeable and informed about the property. In any conversation of that nature there will be questions that the Realtor asks that have no application to a property. However, by having these questions addressed in the form, in the event that the question is appropriate, then it has been asked.
Albert: Do you believe that the completion of the form should be mandatory?
Radomsky: There are instances where the form would not be appropriate; as in a power of sale, an estate sale, a tenanted property to be sold or where the seller does not exhibit a working knowledge of the property. However, the benefit to having a written format is that the answers have been documented. The effect is to ensure that a buyer would become aware of issues that might affect their decision to buy.
Further, the use of the form is meant to provide the disclosure necessary to avoid litigation. A buyer who has been told of a deficiency in advance of making an offer on a property will have great difficulty pursuing successful litigation on that issue. The benefit of the written format is to avoid any dispute that might arise with a verbal disclosure vs. written disclosure.
Albert: What do you think about the court cases that are out regarding the SPIS?
Radomsky: There are many cases where the use of the form was a deciding factor in protecting the seller and the sales representative or broker.
Albert: How is the form meant to be completed?
Radomsky: It is not appropriate for the Realtor to leave the form behind and ask the seller to complete it in the Realtor’s absence. The Realtor’s job is to meet with the seller while the SPIS is completed. The Realtor is to explain what the question is asking and not to provide an answer.
Albert: What cautions would you suggest to anyone completing the form?
Radomsky: Primarily, be honest. Most of the litigation where the sellers were found liable came from circumstances where the court did not believe that the sellers were telling the truth.
It needs to be emphasized that the use of the form is like any other tool; it must be used and completed correctly. The difficulties arise when that does not happen. Some of the cases have illustrated this. It is expected that the seller diligently reviews the questions before answering them. A cavalier(Showing arrogant or offhand disregard) approach might result in a determination that the seller was negligent in completing the questions.
It should also be noted that there are questions that the seller may not be able to answer. If this inability results from lack of knowledge, then the form provides a place for responding that way – “Unknown”. If the inability is because the question does not apply, then it is appropriate to answer “n/a”. If the seller does not understand the question then it is important that an explanation be provided so that the seller can correctly respond.
Err on the side of caution. Better to disclose a repair that was completed a while before the sale of the property, than to have the buyer discover the issue after closing when it has become a bigger issue.
What used to be afforded the protection of the principle of caveat emptor has eroded over time. The courts expect sellers to be forthright about what it is they are selling.
This is, in most cases, the most expensive undertaking that buyer and seller will undertake in the lifetime. We should hold sellers accountable for trying to “slide one by”.
Today, we instruct Realtors that disclosure is imperative. This is also prescribed by Section 21 of the Code of Ethics.
Sellers are under an obligation to disclose defects on the property, in particular, defects that a court might consider a latent defect. A latent defect is typically in regards to a structural matter of which the seller has knowledge and the defect is not readily apparent. The ones that most often find their way to a court are leaks.
Latent defects can be pursued in a court in the absence of a SPIS. The SPIS affords the seller the opportunity to tell the buyer. Upon disclosure a successful court action would be extremely problematic.
In a current circumstance consider the Krawchuk v. Scherback case where ultimately both the sellers and the salesperson were held liable. The trial judge came to the conclusion that the sellers were not forthright but rather were dishonest in not disclosing defects on the property and held the sellers liable. On appeal the court found the sellers liable and the sales representative liable as well. The sales representative in a multiple representation situation had advised the buyers to remove a home inspection condition.
The Appeal Court said: “To avoid liability in negligence, a real estate agent must exercise the standard of care that would be expected of a reasonable and prudent agent in the same circumstances.”
The Court of Appeal determined that the salesperson was obligated to engage in further investigations where a visual inspection revealed issues. These included a “sloping floor” and the statement by the sellers that there had been a repair done 17 years previously and there had been no further issues.
On the other hand, take the Cotton v. Monahan case in 2006 where the buyers purchased a home and discovered a large number of latent defects. The buyers pursued the sellers and the real estate salesperson, claiming damages. After a review the court determined that the buyers had been advised that there had been construction done to the premises without a permit and that the buyers should consider a home inspection. The buyers chose not to have one done. Upon discovery of the defects, they sued the sellers because they felt that the sellers had concealed these defects. There was a SPIS completed and provided to the buyers.
The court determined that the sellers and the salesperson were forthright in all their dealings with the buyers and had not concealed anything. The action was dismissed.
Albert: So do you think it is a good idea to complete the SPIS?
Radomsky: Emphatically yes! If completed appropriately, it gives the buyers valuable information. It affords the sellers the chance to be forthright(Direct and without evasion; straightforward) in their knowledge of the property. Problems arise with or without the form, when the sellers attempt to mislead or conceals issues. These can lead to litigation whether there is a SPIS or not.
Consequently, by offering the SPIS to a seller to complete it allows the seller to tell the buyer of anything that might be of value to the buyer in deciding whether to purchase a property.
Stan Albert, broker/manager, ABR, ASA at Re/Max Premier in Vaughan, Ont. can be reached for consultation at stanalb@rogers.com. Stan is now celebrating 41 years as an active real estate professional.
====
TREB fires back at Competition Bureau
Front Page Aug 19, 2011
The Toronto Real Estate Board (TREB) filed its official response to the Competition Bureau’s complaint on Friday, requesting that the Competition Tribunal dismiss the application with costs payable to TREB.
“We have patiently and tolerantly waited for the opportunity to respond to the Competition Bureau, and today we filed a response rejecting the commissioner’s position and outlining why we believe the application has no merit,” says TREB president Richard Silver in a news release.
“TREB has followed through on its commitment to provide Realtor members with greater flexibility to serve their clients by developing a Virtual Office Website (VOW) policy. The VOW policy will allow for secure password-protected websites designed to allow consumers to search and display MLS listing data, with the benefit of a Realtor member’s oversight, supervision and accountability,” says the release.
TREB says the commissioner “is pressuring TREB to release private data about individual consumers openly on the Internet. This could include personal contact and financial information including sale prices. TREB believes that would be reckless and a violation of the law and will harm consumers in the process of buying and selling real estate.”
“Not only does the Commissioner’s Amended Notice of Application continue to endanger the privacy rights of consumers, but we do not believe it can succeed under the Competition Act. The Commissioner’s Amendment is unnecessary posturing for publicity. Consumers simply deserve better,” says Silver.
TREB’s response says the commissioner’s application “ignores the copyright of TREB and its members,” stating that the exercise of its rights of copyright “is not an anti-competitive act” under the legislation.
TREB says the Competition Bureau must satisfy the tribunal that “TREB substantially or completely controls the markets identified by the commissioner for the purpose of this application, namely, the supply of residential real estate brokerage services to home buyers and sellers….”
But it says TREB does not supply residential real estate brokerage services either to buyers or sellers, and “has no legislative authority” to do so.
It also says that neither TREB’s Access Terms for the MLS, nor the board’s Proposed VOW policy “will or are likely to substantially prevent or lessen competition, whether in the manner alleged by the commissioner or at all.”
The response says, “Consumers of residential real estate brokerage services already have a number of search tools open to them for the purpose of identifying and then narrowing the search to those properties of interest to them. A number of providers offer services to home buyers and sellers that do not rely on those home sellers acquiring the traditional suite of residential real estate brokerage services offered by ‘bricks and mortar’ brokers…Further, there are no restrictions whatsoever placed by TREB on its members that preclude members from also making their listings available through the multitude of websites and listing services not affiliated with TREB.
“The commissioner’s application significantly undervalues both the services that many brokerages offer home buyers and the very real role brokers play in stimulating trade in the relevant markets. The work of a broker is not meaningfully lessened by reason of home buyers having undertaken their own searches…”
The response continues, “While identifying properties of interest is certainly an important aspect of the buying process, it is by no means either the most time intensive aspect of the service brokers provide, nor the aspect of service that is of greatest value to the home buyer. Any suggestion to the contrary is simply inaccurate.”
To view the full response, click here.
==
Opinion: The pendulum is swinging back
Front Page Mar 7, 2012
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By Bill Hubbard
Selling real estate 40 years ago was a very different job than it is today. Brokerages were brokerages. They brought something to the table for their Realtors. Companies generally took 50 per cent of the gross commissions earned but they handled all the marketing and advertising in return for those fees. Brokerages were partners with the sales reps in the business of finding and servicing buyers and sellers. Then the pendulum swung.
Independent contractor status swung into the business and the birth of the 100-per-cent concept was born. Brokerages stopped being brokerages and started being landlords. They sold a brand and they sold space and called it a desk fee.
Some companies refused to adapt and tried desperately to hang onto those high fees and the old model of doing business. If those companies hung onto their old concepts of the business, they did not survive. Franchisees and franchisors and independents all had to eventually assume that the fees had to be reduced if they were going to compete and survive. The salesperson had spoken and we as brokerages had to listen.
The real estate business continued on like this for a couple of decades. Then something happened. The birth of the Internet has changed this business for ever. It took our product away.
Our product in the ’60s, ’70s and ’80s was information. We had The Book – our MLS book. Not long after we started showing houses to a buyer with our MLS catalogues, the buyer realized that they had to have that book. But we were forbidden to give it to them even though a lot of us did – but just as a tease. We would never just give away our product, the information. That would be like being a car salesperson and coming to work Monday morning and all the cars had been given away on the weekend because the owner had gone mad. The salespeople would wander around the lot wondering what to do.
But that is exactly what the Internet did to our business. It gave the information away – free, if you can believe it. All of a sudden we had an entire industry that had to find a new product. We had to find a new way to bring value to the table.
That value had to be service and expertise. It was the only way to distinguish ourselves from our only real competitors, the buyers and sellers themselves. Because Realtors were independent business people now and the Internet had changed their product, they now had to find a way distinguish themselves as a better, more profitable way to sell or buy a home compared to the buyers and sellers doing it by themselves. Not only that, throw in a new business model that is showing the sellers how to sell their home online for little or no money. Imagine that.
Realtors in the ’90s and right into the first decade of the 21st century were focused on one major advertising ploy, search engine optimization (SEO). This was challenging and hard work with lots of late nights. How do I get my listings to come up before anyone else’s listings? Then the last knife got thrown into the backs of the over-worked Realtors of the early 2000s: Web 2.0.
In this broker’s opinion, social media is the final weight that is going to swing the pendulum back. It all dawned on me when I was sitting in my office with one of my Realtors discussing her goals for the next year. She was crying. She said, “Bill, I am working twice as hard as I did last year and making half as much money. I am up until one or two in the morning doing YouTube videos, Facebook ads, Kijiji ads, Craigslist ads and Castanet ads and then trying to do all the communications with my clients as well.”
A light went on in my head. The pendulum was swinging back. Realtors needed brokerages again. Right around that time I was introduced to a very different brokerage model in Kelowna B.C. that was so far outside the box I could not believe it was actually working. Ken and Grant Wiebe, a father and son team, owned the Century 21 office in Kelowna and had created a compensation plan called Vision 25. In this plan the brokerage took back control of the marketing and advertising. They sent out a professional photographer to take the pictures, they supplied and installed the signs, they did all the social media marketing including YouTube. They also sent newsletters to all the Realtor’s client base and they did it all for the same split as I was charging.
I later found out that the name Vision 25 came from the notion that the program was predicted to increase the effectiveness of the Realtor so they did 25 per cent more production than the board averages. When they made more money the brokerage made more money and that would finance the new services. Gutsy call if you ask me.
To shorten up the story, it worked. The sales reps’ average production gradually increased to the point where it not only financed the program but made the office more profitable as well.
We now believe that the real estate industry is heading towards a shake up. To survive, brokerages are going to have to stop being landlords and go back to being brokerages. There will be no room for the middle of the road brokerages. There will be a market for people who want to do it themselves and there will be a market for people who want the absolute best in marketing, advertising, expertise and service.
We have since purchased the office in Kelowna and have converted our Vernon and Enderby B.C. offices to Vision 25 as well. The system has held true to its original form. Our customers are getting a level of service and marketing that far exceeds where most brokerages are at. We are supplying those services to our Realtors for no additional costs and our profits are up because our Realtor’s incomes are up in a market where times are tough. The pendulum swung and we are back to being partners with our Realtors, sharing the responsibilities of great service to our customers.
Bill Hubbard is owner/broker of Century 21 Executives Realty in Vernon and Enderby B.C. and Century 21 Assurance in Kelowna BC. He is a 23-year veteran Realtor, and an author and trainer. His book, the Encyclopedia of Selling Real Estate, is designed as an training manual for Realtors.
==========
Print Friendly Print Get a PDF version of this webpage PDF
Lou Radomsky
By Stan Albert
As many of REM’s readers know, I’ve thundered on about using Seller Property Information Statements (SPISs, as they are known in Ontario) from time to time. Toronto lawyer and columnist Bob Aaron has dubbed me the “unofficial ombudsman” for Ontario Realtors. Be that as it may, I asked Lou Radomsky, Ontario Real Estate Association Standard Forms Committee legal counsel, to answer some of the slanted views of Mr. Aaron. It’s my fervent hope that some of you will weigh in on this article.
Lou was called to the Bar in 1977. He is an OREA Real Property Law instructor and he also instructs the Real Estate Council of Ontario Update Course. Lou has written and presented a variety of other courses.
Stan Albert: What gave rise to the SPIS?
Lou Radomsky: The SPIS was originally developed in Ontario by one of the boards. It was created to perform a number of tasks. It was and is meant to afford the real estate salesperson an opportunity to gather information about and become familiar with the property. It also gave and continues to give the seller the chance to be forthright about issues on the property that would be of interest to a buyer. OREA saw the benefits and value of the information provided by the form and created its own.
Albert: How many jurisdictions use a form similar to the SPIS?
Radomsky: Virtually every provincial and territorial association has some version of this form available.
Albert: Why does the form have a number of questions that may not apply to a property?
Radomsky: The form is a written format of questions a Realtor is supposed to ask when taking a listing. The Realtor would go through a series of questions to become knowledgeable and informed about the property. In any conversation of that nature there will be questions that the Realtor asks that have no application to a property. However, by having these questions addressed in the form, in the event that the question is appropriate, then it has been asked.
Albert: Do you believe that the completion of the form should be mandatory?
Radomsky: There are instances where the form would not be appropriate; as in a power of sale, an estate sale, a tenanted property to be sold or where the seller does not exhibit a working knowledge of the property. However, the benefit to having a written format is that the answers have been documented. The effect is to ensure that a buyer would become aware of issues that might affect their decision to buy.
Further, the use of the form is meant to provide the disclosure necessary to avoid litigation. A buyer who has been told of a deficiency in advance of making an offer on a property will have great difficulty pursuing successful litigation on that issue. The benefit of the written format is to avoid any dispute that might arise with a verbal disclosure vs. written disclosure.
Albert: What do you think about the court cases that are out regarding the SPIS?
Radomsky: There are many cases where the use of the form was a deciding factor in protecting the seller and the sales representative or broker.
Albert: How is the form meant to be completed?
Radomsky: It is not appropriate for the Realtor to leave the form behind and ask the seller to complete it in the Realtor’s absence. The Realtor’s job is to meet with the seller while the SPIS is completed. The Realtor is to explain what the question is asking and not to provide an answer.
Albert: What cautions would you suggest to anyone completing the form?
Radomsky: Primarily, be honest. Most of the litigation where the sellers were found liable came from circumstances where the court did not believe that the sellers were telling the truth.
It needs to be emphasized that the use of the form is like any other tool; it must be used and completed correctly. The difficulties arise when that does not happen. Some of the cases have illustrated this. It is expected that the seller diligently reviews the questions before answering them. A cavalier(Showing arrogant or offhand disregard) approach might result in a determination that the seller was negligent in completing the questions.
It should also be noted that there are questions that the seller may not be able to answer. If this inability results from lack of knowledge, then the form provides a place for responding that way – “Unknown”. If the inability is because the question does not apply, then it is appropriate to answer “n/a”. If the seller does not understand the question then it is important that an explanation be provided so that the seller can correctly respond.
Err on the side of caution. Better to disclose a repair that was completed a while before the sale of the property, than to have the buyer discover the issue after closing when it has become a bigger issue.
What used to be afforded the protection of the principle of caveat emptor has eroded over time. The courts expect sellers to be forthright about what it is they are selling.
This is, in most cases, the most expensive undertaking that buyer and seller will undertake in the lifetime. We should hold sellers accountable for trying to “slide one by”.
Today, we instruct Realtors that disclosure is imperative. This is also prescribed by Section 21 of the Code of Ethics.
Sellers are under an obligation to disclose defects on the property, in particular, defects that a court might consider a latent defect. A latent defect is typically in regards to a structural matter of which the seller has knowledge and the defect is not readily apparent. The ones that most often find their way to a court are leaks.
Latent defects can be pursued in a court in the absence of a SPIS. The SPIS affords the seller the opportunity to tell the buyer. Upon disclosure a successful court action would be extremely problematic.
In a current circumstance consider the Krawchuk v. Scherback case where ultimately both the sellers and the salesperson were held liable. The trial judge came to the conclusion that the sellers were not forthright but rather were dishonest in not disclosing defects on the property and held the sellers liable. On appeal the court found the sellers liable and the sales representative liable as well. The sales representative in a multiple representation situation had advised the buyers to remove a home inspection condition.
The Appeal Court said: “To avoid liability in negligence, a real estate agent must exercise the standard of care that would be expected of a reasonable and prudent agent in the same circumstances.”
The Court of Appeal determined that the salesperson was obligated to engage in further investigations where a visual inspection revealed issues. These included a “sloping floor” and the statement by the sellers that there had been a repair done 17 years previously and there had been no further issues.
On the other hand, take the Cotton v. Monahan case in 2006 where the buyers purchased a home and discovered a large number of latent defects. The buyers pursued the sellers and the real estate salesperson, claiming damages. After a review the court determined that the buyers had been advised that there had been construction done to the premises without a permit and that the buyers should consider a home inspection. The buyers chose not to have one done. Upon discovery of the defects, they sued the sellers because they felt that the sellers had concealed these defects. There was a SPIS completed and provided to the buyers.
The court determined that the sellers and the salesperson were forthright in all their dealings with the buyers and had not concealed anything. The action was dismissed.
Albert: So do you think it is a good idea to complete the SPIS?
Radomsky: Emphatically yes! If completed appropriately, it gives the buyers valuable information. It affords the sellers the chance to be forthright(Direct and without evasion; straightforward) in their knowledge of the property. Problems arise with or without the form, when the sellers attempt to mislead or conceals issues. These can lead to litigation whether there is a SPIS or not.
Consequently, by offering the SPIS to a seller to complete it allows the seller to tell the buyer of anything that might be of value to the buyer in deciding whether to purchase a property.
Stan Albert, broker/manager, ABR, ASA at Re/Max Premier in Vaughan, Ont. can be reached for consultation at stanalb@rogers.com. Stan is now celebrating 41 years as an active real estate professional.
====
TREB fires back at Competition Bureau
Front Page Aug 19, 2011
The Toronto Real Estate Board (TREB) filed its official response to the Competition Bureau’s complaint on Friday, requesting that the Competition Tribunal dismiss the application with costs payable to TREB.
“We have patiently and tolerantly waited for the opportunity to respond to the Competition Bureau, and today we filed a response rejecting the commissioner’s position and outlining why we believe the application has no merit,” says TREB president Richard Silver in a news release.
“TREB has followed through on its commitment to provide Realtor members with greater flexibility to serve their clients by developing a Virtual Office Website (VOW) policy. The VOW policy will allow for secure password-protected websites designed to allow consumers to search and display MLS listing data, with the benefit of a Realtor member’s oversight, supervision and accountability,” says the release.
TREB says the commissioner “is pressuring TREB to release private data about individual consumers openly on the Internet. This could include personal contact and financial information including sale prices. TREB believes that would be reckless and a violation of the law and will harm consumers in the process of buying and selling real estate.”
“Not only does the Commissioner’s Amended Notice of Application continue to endanger the privacy rights of consumers, but we do not believe it can succeed under the Competition Act. The Commissioner’s Amendment is unnecessary posturing for publicity. Consumers simply deserve better,” says Silver.
TREB’s response says the commissioner’s application “ignores the copyright of TREB and its members,” stating that the exercise of its rights of copyright “is not an anti-competitive act” under the legislation.
TREB says the Competition Bureau must satisfy the tribunal that “TREB substantially or completely controls the markets identified by the commissioner for the purpose of this application, namely, the supply of residential real estate brokerage services to home buyers and sellers….”
But it says TREB does not supply residential real estate brokerage services either to buyers or sellers, and “has no legislative authority” to do so.
It also says that neither TREB’s Access Terms for the MLS, nor the board’s Proposed VOW policy “will or are likely to substantially prevent or lessen competition, whether in the manner alleged by the commissioner or at all.”
The response says, “Consumers of residential real estate brokerage services already have a number of search tools open to them for the purpose of identifying and then narrowing the search to those properties of interest to them. A number of providers offer services to home buyers and sellers that do not rely on those home sellers acquiring the traditional suite of residential real estate brokerage services offered by ‘bricks and mortar’ brokers…Further, there are no restrictions whatsoever placed by TREB on its members that preclude members from also making their listings available through the multitude of websites and listing services not affiliated with TREB.
“The commissioner’s application significantly undervalues both the services that many brokerages offer home buyers and the very real role brokers play in stimulating trade in the relevant markets. The work of a broker is not meaningfully lessened by reason of home buyers having undertaken their own searches…”
The response continues, “While identifying properties of interest is certainly an important aspect of the buying process, it is by no means either the most time intensive aspect of the service brokers provide, nor the aspect of service that is of greatest value to the home buyer. Any suggestion to the contrary is simply inaccurate.”
To view the full response, click here.
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Opinion: The pendulum is swinging back
Front Page Mar 7, 2012
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By Bill Hubbard
Selling real estate 40 years ago was a very different job than it is today. Brokerages were brokerages. They brought something to the table for their Realtors. Companies generally took 50 per cent of the gross commissions earned but they handled all the marketing and advertising in return for those fees. Brokerages were partners with the sales reps in the business of finding and servicing buyers and sellers. Then the pendulum swung.
Independent contractor status swung into the business and the birth of the 100-per-cent concept was born. Brokerages stopped being brokerages and started being landlords. They sold a brand and they sold space and called it a desk fee.
Some companies refused to adapt and tried desperately to hang onto those high fees and the old model of doing business. If those companies hung onto their old concepts of the business, they did not survive. Franchisees and franchisors and independents all had to eventually assume that the fees had to be reduced if they were going to compete and survive. The salesperson had spoken and we as brokerages had to listen.
The real estate business continued on like this for a couple of decades. Then something happened. The birth of the Internet has changed this business for ever. It took our product away.
Our product in the ’60s, ’70s and ’80s was information. We had The Book – our MLS book. Not long after we started showing houses to a buyer with our MLS catalogues, the buyer realized that they had to have that book. But we were forbidden to give it to them even though a lot of us did – but just as a tease. We would never just give away our product, the information. That would be like being a car salesperson and coming to work Monday morning and all the cars had been given away on the weekend because the owner had gone mad. The salespeople would wander around the lot wondering what to do.
But that is exactly what the Internet did to our business. It gave the information away – free, if you can believe it. All of a sudden we had an entire industry that had to find a new product. We had to find a new way to bring value to the table.
That value had to be service and expertise. It was the only way to distinguish ourselves from our only real competitors, the buyers and sellers themselves. Because Realtors were independent business people now and the Internet had changed their product, they now had to find a way distinguish themselves as a better, more profitable way to sell or buy a home compared to the buyers and sellers doing it by themselves. Not only that, throw in a new business model that is showing the sellers how to sell their home online for little or no money. Imagine that.
Realtors in the ’90s and right into the first decade of the 21st century were focused on one major advertising ploy, search engine optimization (SEO). This was challenging and hard work with lots of late nights. How do I get my listings to come up before anyone else’s listings? Then the last knife got thrown into the backs of the over-worked Realtors of the early 2000s: Web 2.0.
In this broker’s opinion, social media is the final weight that is going to swing the pendulum back. It all dawned on me when I was sitting in my office with one of my Realtors discussing her goals for the next year. She was crying. She said, “Bill, I am working twice as hard as I did last year and making half as much money. I am up until one or two in the morning doing YouTube videos, Facebook ads, Kijiji ads, Craigslist ads and Castanet ads and then trying to do all the communications with my clients as well.”
A light went on in my head. The pendulum was swinging back. Realtors needed brokerages again. Right around that time I was introduced to a very different brokerage model in Kelowna B.C. that was so far outside the box I could not believe it was actually working. Ken and Grant Wiebe, a father and son team, owned the Century 21 office in Kelowna and had created a compensation plan called Vision 25. In this plan the brokerage took back control of the marketing and advertising. They sent out a professional photographer to take the pictures, they supplied and installed the signs, they did all the social media marketing including YouTube. They also sent newsletters to all the Realtor’s client base and they did it all for the same split as I was charging.
I later found out that the name Vision 25 came from the notion that the program was predicted to increase the effectiveness of the Realtor so they did 25 per cent more production than the board averages. When they made more money the brokerage made more money and that would finance the new services. Gutsy call if you ask me.
To shorten up the story, it worked. The sales reps’ average production gradually increased to the point where it not only financed the program but made the office more profitable as well.
We now believe that the real estate industry is heading towards a shake up. To survive, brokerages are going to have to stop being landlords and go back to being brokerages. There will be no room for the middle of the road brokerages. There will be a market for people who want to do it themselves and there will be a market for people who want the absolute best in marketing, advertising, expertise and service.
We have since purchased the office in Kelowna and have converted our Vernon and Enderby B.C. offices to Vision 25 as well. The system has held true to its original form. Our customers are getting a level of service and marketing that far exceeds where most brokerages are at. We are supplying those services to our Realtors for no additional costs and our profits are up because our Realtor’s incomes are up in a market where times are tough. The pendulum swung and we are back to being partners with our Realtors, sharing the responsibilities of great service to our customers.
Bill Hubbard is owner/broker of Century 21 Executives Realty in Vernon and Enderby B.C. and Century 21 Assurance in Kelowna BC. He is a 23-year veteran Realtor, and an author and trainer. His book, the Encyclopedia of Selling Real Estate, is designed as an training manual for Realtors.
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