Licensed people and brokerages
The mortgage and real estate team Todd Schofield, Dylan Schofield, and Ashley Schofield
Mortgage services: Rock Capital Mortgage, Brokerage — FSRA licence #10556
Real estate services: Sutton-Choice Real Estate Inc., Real Estate Brokerage
- Todd Schofield — Mortgage Broker and Real Estate Agent.
- Dylan Schofield — Mortgage Agent Level 2 and Real Estate Agent.
- Ashley Schofield — Mortgage Agent Level 1; Mortgage services only; not a real estate representative..
Sellers
Sell Your North Bay-Area Home with REALTOR® Guidance
Plan a North Bay-area home sale with clear representation choices, preparation questions, offer comparison and closing coordination.
Selling a home is a major decision involving timing, property information, offers, legal documents and the next move. A useful seller conversation starts with your goal and the facts of the property, then clarifies what real estate service is being requested. The mortgage and real estate team Todd Schofield, Dylan Schofield, and Ashley Schofield offers a REALTOR® pathway through Todd and Dylan that can be requested separately from Ashley’s mortgage service or buyer representation.
RECO’s consumer Information Guide is an Ontario reference for understanding representation choices, agreements, duties and questions to ask before working with a brokerage. This page provides an independent seller checklist. It does not promise a listing price, buyer, marketing result, closing date, mortgage outcome or sale.
Clarify the seller relationship before listing
Before signing a listing or representation agreement, ask who the brokerage represents, what services are included, how conflicts or multiple representation are handled, how compensation is described and how the relationship can end. RECO’s Information Guide is intended to help Ontario consumers understand these choices. Read the actual agreement and ask for an explanation of any term that affects your decision.
Sources: Real Estate Council of Ontario
| Topic | Question | Why it matters |
|---|---|---|
| Representation choice | Will this be brokerage representation, designated representation or a self-represented-party arrangement? | The duties, advice, information and consent questions depend on the actual choice |
| Scope | What property, services, geography and time period does the agreement cover? | You should know what has and has not been requested |
| Compensation | How may the brokerage be paid, and what events affect the amount? | A general assumption is not a substitute for the written terms |
| Information | What property details, material facts or documents should be provided? | Accurate information supports informed decisions and disclosure discussions |
| Conflicts | What happens if the brokerage is involved with another party? | Ask how consent, information and duties would be addressed |
| Termination | How can the agreement change or end? | Understand notice, expiry and any continuing provisions before signing |
Sources: Real Estate Council of Ontario
The current RECO guide distinguishes brokerage representation, designated representation and a self-represented party. If a brokerage or registrant may represent more than one client in the same transaction, ask about multiple representation, disclosure and consent before relying on advice or sharing information. The proposed listing or representation agreement and the facts of the transaction control; this page does not choose the relationship for you.
Sources: Real Estate Council of Ontario
A request for seller information is not a commitment to list. Seller service and a mortgage conversation are separate choices. If a sale is connected to a refinance, renewal, purchase or discharge, ask each professional to explain the part they are responsible for.
Sources: Real Estate Council of Ontario
Independently compiled seller checklist
Prepare your questions and records
- Write down why you are selling, preferred timing, possession needs and what must happen after closing.
- Confirm ownership, mortgage balances, secured lines, title information and any payout or discharge question.
- Gather tax, utility, survey, permit, warranty, lease, maintenance and renovation records that apply.
- Identify known material facts, defects, repairs, insurance matters, environmental issues and property systems to discuss with the appropriate professionals.
- Ask how price is assessed, which market evidence is used and what assumptions remain uncertain.
- Read the RECO Information Guide and any proposed representation or listing agreement before signing.
- Confirm the service scope, term, compensation, conflict process, communication rhythm and termination provisions.
- Decide how showings, access, privacy, pets, tenant or occupant arrangements and offer deadlines will be handled.
- Ask what conditions, deposit, dates, financing signals and closing risks should be compared in each offer.
- Keep a reserve for mortgage penalties, legal work, moving, repairs, tax adjustments and the next purchase if applicable.
Sources: Real Estate Council of Ontario; Financial Consumer Agency of Canada
Do not guess at legal disclosure, tax, insurance, mortgage payout or property-condition questions. Record the question, route it to the responsible professional and keep the answer with the transaction file.
Sources: Real Estate Council of Ontario; Financial Consumer Agency of Canada
Build the listing conversation around evidence
Pricing is a conversation about the property, comparable evidence, current market response, timing and your objectives. No analysis can guarantee a particular price or time to sell. Ask which facts are verified, which comparisons are imperfect and what could change the recommendation before deciding how to proceed.
Sources: Real Estate Council of Ontario
| Category | Questions to organize | Confirm with |
|---|---|---|
| Property facts | What systems, improvements, inclusions and known issues should be documented? | Seller, qualified trades, inspector or lawyer as appropriate |
| Preparation | Which repairs or presentation choices matter, and what is optional? | Seller and chosen service providers |
| Pricing | What evidence and timing assumptions support the range? | REALTOR® and seller decision |
| Access | How will showings, privacy, pets, occupants and safety be managed? | Seller and REALTOR® |
| Transaction | Which dates, conditions, deposits and closing requirements fit the move? | REALTOR®, lawyer, lender and insurer |
Sources: Real Estate Council of Ontario
North Bay, Callander, Sturgeon Falls, Mattawa, Powassan and surrounding communities include different property settings and buyer questions. Rural, waterfront, seasonal or older homes may need additional records or professional review. Local familiarity helps organize questions; it does not substitute for inspection, legal, insurance, municipal or environmental advice.
Before deciding whether to repair, stage, renovate or sell as-is, separate the expected benefit from the cost, disruption and timing. Ask which work addresses safety or disclosure concerns, which work is merely a preference and which work should be left to the future buyer. Obtain written estimates when a decision depends on a number.
Sources: Real Estate Council of Ontario
A property with tenants, family occupants, seasonal access or unusual services may require additional coordination. Discuss access, notice, records, insurance and closing logistics early. The listing conversation can identify questions, but the lawyer, insurer, municipality, inspector and other specialists remain responsible for their professional conclusions.
Sources: Real Estate Council of Ontario
Keep a simple decision record for work completed, estimates received and facts still unknown. It helps separate a confirmed property detail from an opinion and gives the lawyer or buyer’s questions a clearer starting point.
Sources: Real Estate Council of Ontario
Compare offers beyond the headline price
The strongest-looking offer is not always the one with the highest number. Consider deposit, financing and inspection conditions, closing and possession dates, inclusions, exclusions, buyer requests, evidence of funds and the likelihood that conditions can be satisfied. Review the agreement with the appropriate professional before signing or accepting.
Sources: Real Estate Council of Ontario
| Offer element | Question | Why it matters |
|---|---|---|
| Price and deposit | What money is offered and when is the deposit delivered? | A headline amount does not describe timing or certainty |
| Financing | What condition and evidence are included? | Financing still requires the buyer’s lender review |
| Inspection and due diligence | What time and scope are requested? | The condition can affect timing and negotiation |
| Dates | Do closing and possession work with the seller’s move? | A convenient price may create an impractical transition |
| Inclusions and requests | What remains, is removed or must be repaired? | The written agreement controls the transaction |
| Conditions and risk | What must happen before the deal becomes firm? | Unresolved conditions can change the expected result |
Sources: Real Estate Council of Ontario
Once an agreement is signed, keep communication organized and follow the lawyer’s instructions. Do not make a representation about title, condition, tax, insurance or financing that you have not confirmed. Ask the professional responsible for the issue before a deadline makes correction harder.
Sources: Real Estate Council of Ontario
Connect the sale to the next move carefully
Selling can involve a mortgage payout or prepayment penalty. FCAC says breaking a closed mortgage, transferring it before the term ends or repaying it when selling may trigger a penalty and other fees. Request a current payout calculation and ask the lawyer and lender how the discharge will be handled. Do not treat estimated sale proceeds as available cash until the costs and timing are confirmed.
Sources: Financial Consumer Agency of Canada; Financial Consumer Agency of Canada
If you are selling and buying
- Separate expected sale proceeds from the funds actually available after payout, legal, tax, moving and other costs.
- Discuss purchase financing before assuming the sale creates a pre-approval.
- Align closing dates only after the lender and lawyer confirm the sequence.
- Keep buyer representation, seller representation and mortgage services separately understood.
- Have a backup plan for a delayed sale, delayed purchase, changed price or changed financing.
Sources: Financial Consumer Agency of Canada; Financial Consumer Agency of Canada
The MCC Home Centre App can support general planning, but it cannot calculate a lender’s payout, decide a listing price or guarantee the next purchase. Use the responsible professional for each question.
A seller conversation without outcome promises
Begin with the reason for selling, the property, the timing, the records you have and the questions that matter most. Request seller service information separately if that is the service you want. Read the Information Guide and proposed agreement, then involve the lawyer, lender, insurer, inspector, accountant or municipality for matters within their responsibility.
Sources: Real Estate Council of Ontario; Financial Consumer Agency of Canada
Questions people ask before deciding
What is the RECO Information Guide for sellers?
It is an Ontario consumer guide about brokerage representation, designated representation, self-represented parties, agreements, conflicts and related responsibilities. Read it before signing, ask which relationship is being proposed and ask the registrant to explain any term or choice you do not understand.
Sources: Real Estate Council of Ontario
What should I ask before signing a listing agreement?
Ask who is represented, what services and property the agreement covers, the term and expiry, compensation, conflicts or multiple representation, communication, termination and any continuing obligations. Read the actual agreement rather than relying on a general description.
Sources: Real Estate Council of Ontario
Can seller service and mortgage advice be requested separately?
Yes. A seller can request real estate service information without requesting a mortgage service, and a mortgage conversation does not require listing the home with the same team. Ask for the applicable agreement, duties and compensation terms for each service.
Sources: Real Estate Council of Ontario
Can you guarantee my selling price or timeline?
No. Market response, property condition, pricing, buyer demand, financing, conditions, timing and the parties’ decisions affect a sale. A REALTOR® can provide a process and evidence-based discussion without promising a particular price or date.
Sources: Real Estate Council of Ontario
What should I disclose about the property?
Gather and discuss known facts, repairs, defects, permits, systems, leases, insurance matters and other information with the appropriate real estate and legal professionals. Do not guess at a disclosure obligation; ask the lawyer or registrant responsible for the question.
Sources: Real Estate Council of Ontario
Will selling my home trigger a mortgage penalty?
It may. FCAC says breaking a closed mortgage or repaying it when selling can trigger a prepayment penalty and other fees. Request a current payout from the lender and have the lawyer coordinate the discharge and closing amounts.
Can I sell and buy another home at the same time?
It can be planned, but timing, proceeds, mortgage qualification, penalties, closing dates and conditions must be coordinated. Keep seller representation, buyer representation and mortgage service separately understood and build a backup plan for a delayed or changed transaction.