2019 Bencher Election
Real estate lawyers have historically been under-represented in our governing bodies. Convocation makes decisions that directly affects real estate practice. More real estate lawyers need to be elected to the Law Society’s Convocation. Nominations for Bencher close on February 8, 2019 and the election will be in April 2019. Please consider running, or encouraging another real estate lawyer to run.
The CCLA Real Estate Lawyers Committee has requested the contact information for FOLA’s real estate representatives in order to communicate with other real estate lawyers regarding the upcoming bencher election. If you do not want your contact information shared with the CCLA Real Estate Lawyers Committee, please let us know by Friday, February 8, 2019.
Condominium Document Sub-Committee
The Working Group on Lawyers and Real Estate established a sub-committee to consider the work undertaken in the purchase of a condominium and drafted standard documents to assist with the purchase of a condominium.
The draft condo documents are ready for final review and the sub-committee is looking for additional members to complete the final review. Details on the sub-committee and copies of the draft documents are available on the Working Group website. The sub-committee will meet via telephone/video conference and/or email, as necessary. If you are interested in helping, please contact Merredith MacLennan at firstname.lastname@example.org.
Review of the Real Estate and Business Brokers Act, 2002
The provincial government announced last week that they are undertaking a review of the Real Estate and Business Brokers Act, 2002, including the provisions relating to dual agencies and disclosure of competing bids. It has released a consultation paper and has requested written comments by March 15, 2019. It is also encouraging Ontarians to fill out an online survey. See the government’s news release here.
Updated Mortgage Discharge Escalation List
Last week, the Canadian Bankers Association (CBA) updated its list of escalation contacts for mortgage discharges. The updated list has been posted on the Law Society website.
Merredith MacLennan & Eldon Horner
FOLA Real Estate Co-Chairs