Industry leaders are cautioning agents working Toronto’s west end, warning them about a seemingly ideal client intent on luring them to vacant properties.
Four months after having its hand slapped by TREB, this online brokerage is closing its doors.
There is still liability on both buyers and sellers through the court systems. FSBO companies only provide a few tools to aid a consumer to sell their own property. There are some areas that are gray, as for a fee a licensed realtor will review any offers on behalf of a seller. The real question is, are these FSBO companies crossing the line and trading in real estate without a license.
Use a Flat Rate realtor and you get both...save 95% of the commission and he has a license for the liability
Good luck going to court, sounds easier then it really is.As for FSBO companies trading in real estate, let's just say there pretty smart. And at the end of the day they can do what they want, charge what they want. Why? Because they can classify themselves as Consultants not Realtors or a real estate company. So the real question here is, who's the fool, us paying 4 to 5 organizations, insurance, license fees and etc... or them. Do we all become consultants and not Realtors? Have no liability, get paid up front with no refund. And to boot, they look and call you, not you looking for them.
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