Anya Ettinger//Toronto Realtor
Region: CA
Saturday 23 April 2022 19:32:28 GMT
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Martin_Realtor :
Unfortunately you are wrong. The seller doesn’t arbitrarily get the deposit. The deposit remains in the Brokerage’s trust account.
2022-04-23 22:06:44
15
torontoking2021 :
Canadian tire has better return policy?!
2022-04-23 20:21:21
34
Luke Robinson :
Cooperating brokerages often sue for commissions too
2022-04-23 20:20:24
6
cazzyc04 :
And In England the implications are 0 😭
2022-04-23 19:53:54
4
Brandon :
😳😳😳Wow
2022-04-23 19:35:17
4
Outback Cakehouse :
yes mam. risk analysts in finance are currently watching OSJC filings as an indicator of collapsing Ontario market
2022-04-23 20:27:12
3
Joseph Marchese :
I love you but not true. The buyer does not lose the deposit. Only if the buyer agrees. They may choose 2 litigate 4 the deposit. Not automatic at all
2022-04-24 06:46:18
3
Sil Cordeiro :
This is not entirely true.
2022-04-24 03:24:21
2
Mike :
I thought that the deposit is in trust? If so don’t you have to have a judge order the release of funds?
2022-04-24 03:15:42
1
Raùl :
No, if there is a conditional clause, they can get the deposit back.
2022-04-27 17:36:04
1
Remigio Giancola :
This happened in 2017 to a neighbor. Sold the house for 250k less. Summary judgment, 250k plus court/legal fees = just under 300k.
2022-04-24 07:04:42
1
Diana….xoxo :
Who keeps the Deposit? The sellers?
2022-04-24 02:54:56
1
Quinn Barthel :
Who gets the deposit in this situation?
2022-04-24 01:57:53
1
CanadianGuy :
What is the bank at the last moment pulls financing ?
2022-04-24 01:48:50
1
user4316220969523 :
Lotsa that gonna happen. Crash coming
2022-04-24 01:23:33
1
simran :
Lot of deals would fall off in the future
2022-04-23 23:15:34
1
houmaan 🇨🇦 :
🤔 not in all cases the buyer looses the deposit as far as I know.
2022-04-23 20:54:06
1
Receiver of Abundance 🌈 :
The sellers must mitigate damages and so the buyer doesn’t automatically lose deposit
2022-05-24 03:44:52
1
Eric Barapp :
The lawyers make all
2022-04-23 23:02:45
1
colourmelucy :
Who gets the deposit?
2022-04-23 22:53:38
1
Weeeeooooo :
We got 150k off a girl thet walked away plus we got $300k more second time we sold it! Win win for me
2022-04-24 01:14:11
1
GrammyGaga :
That happened to my daughter. She won all the difference. Plus her lawyers fees
2022-05-10 05:44:36
0
AdrianTrott :
There are many cases where the seller got the deposit PLUS re-sold for more money.
2022-04-30 01:34:55
0
Beepee :
most times not worth suing and no guaranteed win
2022-04-30 03:42:47
0
PC :
It’s not that easy
2022-04-30 14:22:10
0
Za Sticky One :
Who gets the deposit?
2022-05-01 07:03:13
0
Marco Minicucci :
That’s how I got my property in Whitby , was sold for 1.1 buyer didn’t put deposit . I bought for 1.075 . Seller was leaving the country I was lucky
2022-05-02 17:13:15
0
Sammm :
Ohh shyt it’s crazy for those who bought recently it’s ok for those who bought first house I guess
2022-05-04 04:38:43
0
user3397555467882 Emma :
Who gets the original$50,000 if the buyer can't close? Does the seller get to keep it?
2022-05-04 14:45:31
0
Mallory :
What happens with commissions? Do agents still get paid?
2022-05-04 19:19:32
0
Terri Em :
Can the seller decide the buyer gets their deposit back? What if was an emergency like one of the buyers died or something (if it was a couple)
2022-05-07 10:13:31
0
Dave Johnson :
not true, talk to a lawyer
2022-05-08 22:24:05
0
Bob CW :
Hard to get the deposit. That is why best to release to seller after mutual
2022-05-11 06:29:36
0
Uncle G :
Not always the case.
2022-05-12 22:09:37
0
Rebecca Crack :
They do not lose the deposit automatically..
2022-05-13 18:09:01
0
user5071459075061 :
Also the real estate agent gets the commission.
2022-05-15 04:15:14
0
willm500 :
What if you walk away from a builder deal before they have broken land and given them only one deposit
2022-06-09 01:37:12
0
USA :
😂
2022-05-15 08:07:31
0
Soul searching :
you as a agent cannot keep the money it must be returned to the buyer
2022-05-17 01:06:11
0
Soul searching :
the buyer never loses his $50, 000 it's up to the seller to fight for that 50,000
2022-05-17 01:05:40
0
Pandher PB-10 :
Agree with you
2022-04-24 15:49:10
0
Johnny Rock a maison :
Who want to bring this to court waste of time and money… usually they will just re-list. Means agent were not doing their job 😂
2022-04-23 21:50:20
0
cara🇨🇦 :
Who gets the $50,000 deposit when a buyer walks away from a deal???
2022-04-23 23:13:08
0
Andrew :
Who keeps the deposit?
2022-04-23 23:25:26
0
Anakalia :
yes you can still get your deposit back.
2022-04-24 01:09:58
0
user7660942431239 :
wrong..they only lose thier deposit if the vendor can show damages..
2022-04-24 03:02:17
0
Sil Cordeiro :
This is not entirely true. If the buyer sells the property for the same price then the deposit is returned in full minus perhaps the brokerage fees.
2022-04-24 03:25:10
0
BinodSir :
Who said that Buyer will loose the Deposit? 😬
2022-04-24 03:48:19
0
Peter Pan :
"first they lose their deposit"...this is not correct. The seller is not automatically entitled to the deposit.
2022-04-24 13:33:30
0
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