Acting for both buyer and seller: Court finds no conflict of interest by mortgage agent

By James R.G. Cook ( July 25, 2025, 1:58 PM EDT) -- In Ontario, the Mortgage Brokerages: Standards of Practice (Ontario Regulation 188/08) requires that mortgage brokerages and agents disclose in writing to a prospective borrower or lender whether they are acting for the lender, the borrower, or both. While there is no prohibition against acting for a lender and borrower in a transaction, steps should be taken to ensure the paperwork accurately describes the involvement of the broker or agent....