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The Association of Real Estate License Law Officials (ARELLO), founded in 1930 in Canada, supports regulatory agencies in the administration and enforcement of real estate license (or registration) laws in their respective jurisdictions. Among its positions, the organization encourages licensure and education recognition between jurisdictions.
The amount of notice or pay in lieu of notice than an employee is entitled to depends on their length of service with their employer. [31] For service less than 3 months, no severance pay is required; For service between 3 and 12 months, 1 week of severance is required; For service between 12 months and 3 years, 2 weeks of severance are required
The amount of severance pay under the employment law in Ontario may be calculated using the tool from Ontario Government. [14] It is stated in ESA's Guide Wrongful dismissal section: "The rules under the ESA about termination and severance of employment are minimum requirements. Some employees may have rights under the common law that are ...
On Aug. 17, the rules governing real estate agent commissions are changing. Some experts say the shift should eventually reduce costs for consumers.
The Canada Labour Code (French: Code canadien du travail) is an Act of the Parliament of Canada to consolidate certain statutes respecting labour. The objective of the Code is to facilitate production by controlling strikes & lockouts , occupational safety and health , and some employment standards.
For decades, if you wanted a real estate agent to help you buy or sell a home, the model was static. At the close of escrow, the seller typically used their proceeds to pay a 5% to 6% commission ...
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 financial commission and act as a broker between buyer and seller.
Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...