The difference between a termination and an off-market property

What is the difference between a termination and an off-market property?

 The impacts are different:

  • The termination puts an end to the brokerage contract and therefore the seller’s and broker’s obligations.
  • An off-market property is an agreement where some of the broker’s obligations are suspended until the expiry of the brokerage contract, but where the obligations of the seller remain.

Your client must be informed of this. You must provide the necessary explanations and discuss with him the fees and expenses he might have to pay.

Here are some of the resources available:

If you need more details, please contact Info OACIQ.

 

Last updated on: September 25, 2019
Numéro d'article: 202944