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.
Years back when talk of this started - I was at my usual Saturday morning soccer game for the kids... on the sideline with the other parents. I took the opportunity to ask some parents (homeowners) how they would feel about the information regarding their home purchase or sale being made public prior to the sale completing.... The feedback was consistent - NO. I think it is important that we keep the clients wishes in mind with this discussion.
Seems as though the privacy act means nothing to the Competition Bureau, it's not an issue of Treb withholding the info, it falls under the Privacy Act protecting individual s.
The Privacy Act should overrule the competition bureau... This is very private data and has far reaching effects than just allowing a FSBO to have comparables. Further, it is important to note that information in untrained hands can lead to other problems. As a trained professional we are qualified to interpret the information, this comes with training and experience, something the average home Seller/Buyer can't possibly have when they only Buy and Sell a few times in their lives. Most of the FSBO homes I come across are either too high in price, too low in price or they are trying to hide a problem with the home. What a Buyer often doesn't understand and the FSBO companies don't want the Buyer to know is that if a person is selling without an agent and buyer is buying without an agent why would you pay full price, a Buyer should negotiate the amount of commission off the asking price.
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