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The country has government statues, the Investment Canada Act, and Competition Act as well as the provincial laws in place throughout Canada's 10 provinces and 3 territories. [1] The buying and selling of property is normally done through a real estate agent who work on a
The Toronto Regional Real Estate Board (TRREB), formerly the Toronto Real Estate Board (TREB), is a non-profit professional association of registered real estate brokers and salespeople in and about the Greater Toronto Area. [1] TRREB's Toronto office is located at 1400 Don Mills Road. [2]
Where a person dies intestate, the following general rules apply: Where the spouse survives, all the estate goes to the spouse. Where there is a spouse and a child or children, the estate is divided as follows: [4] First however a matrimonial home will generally pass directly to the spouse.
Historically, trusts were one of the four main financial institutions in Canada, along with banks, insurance companies, and investment brokerages. [1] The country's first trust company was the Toronto General Trusts Corporation , which received its charter in 1872. [ 2 ]
Established in 1997, the Real Estate Council of Ontario is a not-for-profit corporation that regulates the trade of real estate in Ontario in the public interest. On behalf of the Government of Ontario , it administers and enforces the Real Estate and Business Brokers Act , 2002 and its regulations.
trustee to be selected by the estate's creditors (they were previously appointed by the government) creation of the office of Official Receiver, who could appoint a custodian for the estate to administer until a trustee had been appointed; 1932 The Bankruptcy Act Amendment Act, 1932 [44] creation of the Office of the Superintendent of Bankruptcy
Recourse debt or recourse loan is a debt that is backed by both collateral from the debtor, and by personal liability of the debtor. [2] This type of debt allows the lender to collect from the debtor and the debtor's assets in the case of default, in addition to foreclosing on a particular property or asset as with a home loan or auto loan.
The Ontario Association of Real Estate Boards (later renamed the Ontario Real Estate Association) was founded in 1922 to organize real estate activities on a province-wide basis. [citation needed] In 1930, the Ontario government brought into law the Real Estate and Business Brokers Act. The government of Ontario codified and regulated the real ...