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Debate surrounds SPIS



By Shari Elliott

I am often asked what my opinion is on whether Seller Property Information Statements (SPIS) should be used in a real estate transaction.

This question has become more common in the past year, after recent court decisions where real estate agents were held to have not discharged their obligation to properly inform the purchaser about defects with the property. It is interesting to note that the debate has centered around the SPIS even though it wasn’t even used in all the cases giving rise to it.  Read Elliott & Elliott Blog