Georgetown Herald (Georgetown, ON), September 24, 1988, p. 19

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GLASS PINE not won coon DOOR STOP Main in Ontario 3J2 3329 on 8532790 Admiral Contracting No Water No Charge Water well dulling Pump installations 14168279578 J 4 GRAVEL TRENCHING SEPTIC SYSTEMS EXCAVATING I GLEN ERIN ELECTRIC New Wiring ItptiMci j QUALITY WORKMANSHIP FREE ESTIMATES It PHONES MACHINES TELEPHONE STSTi US FACSIMILE MACHINES CELLULAR TELEPHONES 8733310 CARPENTRY HALJON STOVES mht s- ffl Reiidcnltil Poll Ming Realty agents play by rules Real estate agents who buy clients houses must clearly state the reason for the purchase or face losing their licences Some agents have been known to buy properties with the intent of reselling them at a profit to buyers waiting in the wings Trie original homeowners are not told about the prospective purchasers and may be leu to believe the agent plans to live in the home says Cora de la Cruz of the Ontario Ministry of Consumer and Commercial Relations This is a totally unacceptable prac ticc an illegal practice and one we will not tolerate says de la Cruz registrar of real estate and business brokers If a broker or salesperson suggests buying your home you must be given a statement outlining the purpose of the purchase and sign it before the offer is presented It isn t illegal for a sales per son or broker to buy real estate as an in vestment as long as the vendor is fully informed of their intentions and advis ed if anyone else has shown an interest Ontario statutes set out general ethical standards for the industry and specific regulations governing par ticular activities Full and complete disclosure of all facts that may affect a client decision to sell is mandatory under provincial law issue involved buyers and sellers have the nght to expect complete honesty from estate professionals When that honesty is not forthcoming de la Cruz can revoke licences lay charges and when warranted take fur ther legal action against registrants The law also stipulates all newspaper advertisements must clearly show they were placed by a registered broker and any company salespeople listed must be identified as such This ensures live buyers understand who they are contacting In seeking a house listing son or broker may promise to buy and resell the property if it is not sold on the open market within a specified time To protect sellers provincial law re quires that any such promises be in writing Real estate agents have a legal responsibility to act in the best interests of sellers However this does not mean they can mislead buyers to get the best deal for the vendors In addition to seeking disciplinary measures through the registrar office for misrepresentation clients who feel they were unfairly treated have sue cessfully sued salespeople brokers and real estate companies in court The registrar cannot levy fines or seek finan cial compensation for clients Understanding basic laws governing real estate in Ontario can help buyers and sellers avoid problems but they should also take steps to protect themselves When viewing a house ask lots of phrase them carefully and Jot own the answers de la Cruz suggests Does the basement leak Has it ever been known to leak Do airplanes fly over the house How often and at what times Has the house ever been robbed Are there any noisy train tracks nearby Does the roof leak Have there been any plumbing problems What structural flaws if any exist Once the choice of properties has been narrowed down it can be helpful to have a professional house inspection done The check may cost a few hundred dollars but can save thousands in the long term the registrar says Most real estate sales people are honest professionals who deal in straight answers but there are some fast buck types out there she says Don be shy about asking questions It your responsibility to protect yourself If you think you are being led astray contact one of our local con services bureaus A brochure on buying houses is available from the Consumer Informa tion Centre at St Toronto Ontario M7A2H6 416 or toll free at 18002881142 ALTON HILLS OUTLOOK Saturday September IMS Page I NEW LISTING This townhouse must be seen to be appreciated 3 spacious bedrooms 2 washrooms walkout to fenced yard and more Call Susan Carrier 873 or Toll Free Pager 2197 OPEN HOUSE Sunday September 2588 2 P M 4 163 Rd Acton Come view this spacious 3 bedroom bungalow with dining room finished rec room and more Call Susan Carrier for directions 873 0300 SUSAN CARRIER BRAND REALTY INC Mountalnview North Georgetown Bus Res 8777937 Toronto Line 41 BARBARA GLENN ALEX GLENN AFFORDABLE BEDROOM NEAR SCHOOLS CHURCHILL RD NORTH ACTON Super clean homo separate dining room eat kitchen and room lis worth the to Acton Roduced to Nicoly landscaped lot fruit trees Call Alex or Barb tor an appointment GORGEOUS 11 ACRES 614 FT FRONTAGE 265 Darn or PRIME 5 ACRE LOT ZONED RURALRESIDENTIAL Located just on the edge of Georgetown with Hwy 7 frontage This exceptional treed lot is a rare find these days not too many like it Asking only 249000 Call Alex or Barb Glenn It s been said the greatest investment on earth is earth they don t make any more How about that

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