Page 38 - Sports Energy News, Cornwall, Issue No 125

38 Issue #125 June 2023 www.sportsenergynews.com

Neighbourly Advice Fr om Our Local Pr ofessionals
Neighbourly Advice From Our Local Professionals

current requirements, as well as more advised the regulator was focusing on
By Brian Johnston explicitly setting out expectations for the three key items.
Mortgage Specialist
sector, according to the regulator’s head “One is highlighting an individual’s
of mortgage brokerage conduct. responsibility in verifying clients’ identity
MORTGAGE FRAUD FOCUS: Speaking after the announcement that and the authenticity of documents,” she
WHAT AGENTS AND BROKERS additional consultations were being held said. “The second thing is making sure
NEED TO KNOW.
related to guidance on requirements for that our licensed fi rms – the brokerages
New proposals by Ontario’s financial licensed brokerages, brokers, agents, and administrators – have the right anti-

services watchdog on fraud detection and administrators to combat fraud, the fraud policies and procedures as well as
and prevention guidance for mortgage Financial Services Regulatory Authority training in place for their own operations.
professionals are aimed at reinforcing
of Ontario’s (FSRA’s) Antoinette Leung Continued on page 41

sit there and they are not getting as much For sellers this shows that you should
By Michael VanderMeer

Real Estate Agent when they do finally sell. For buyers this declutter and decorate your home before
is a great opportunity to get a home at a putting it on the market. I am not talking
decent price. They should not look at the new kitchens and bathrooms - just spruce
BUYERS & SELLERS - DON’T BE home the way it is, but the way it could be up what you have within your budget. A
AFRAID OF A LITTLE WORK when they put their touches on it. There clean, well decorated home sells quicker
may be a little more outlay of cash for the and for more money, even if it is somewhat
What I am seeing on the market is that
sprucing up or renovations, but they will dated. Contact a realtor for ideas of what

homes that are well decorated are flying
off the market at top dollar, whereas the save big time on the purchase price, and to do and what not to do, and there are

homes that need some sprucing up tend to gain more equity once finished. lots of decorating tips available to you on
the web.

on a do-it yourself basis, or if financial is very similar to how a bank is paid
Max Ming ®
Max Ming P.Eng. CFP
Financial Planner
Financial Planner advice is involved. on investment accounts, resulting in
At most institutions in Canada the cost comparable, (if not lower), costs. Clients
Cost of Financial Products of financial products already includes the do not pay to purchase, redeem, or switch

Most investment accounts that hold stocks value of advice (working with an advisor) between investments.
and bonds will charge an annual account which is embedded in the investment Within this, we provide our financial

or trustee fee. There may also be charges product. This is a component of the planning services; including retirement
to buy or sell various securities, (or for Management Expense Ratio (MER) of projections, investment recommendations,
“no fee” accounts the fee is typically a fund, or which the ‘advice’ portion is tax minimization, and estate planning.

generated off of what is called the bid-ask spread) … and the typically around 1%. Trust is built through transparency, and
fees will vary widely depending on if the account is undertaken That means the way we are compensated Continued on page 41

With our 2023 “Just Homes Listing Program”, Homeowners will never pay more than

3 3/4%+ HST commission which includes full weekly local newspaper

Owned and Operated by M. Jean Cameron Real Estate Limited advertising until sold, internet promotion and even an open house program when needed.
Serving the Community since 1959
613-933-3283 The savings may not stop here. When we sell your home directly to a buyer
check us out on the web at: without another real estate brokerage involved in the sale, we further reduce our
www.soldsmart.ca
sandy@homesnet.ca commission to only 2% + HST
“Not intented to solicit properties already listed for sale”