Question: If on a listing, the Listing Agent has mentioned that they are taking offers on X date and time but Sellers have the right to take/review any preemptive offers. …
Complaints About Real Estate Agents
There actually is a list. RECO has compiled a list of complaints made to it about real estate agents. Here’s an excerpt from the 2022 Annual Report: “TOP COMPLAINTS Registrants …
Lots of Competition Out There
Number of Real Estate Agents There are a lot of people in the real estate business. In fact, 109,627 * (according to RECO 2022 Annual Report) registrants in total as …
Transparency under TRESA
TRESA now permits a Seller’s representative to share content, some content, or a little bit of content with all other bidders whether the Buyer consents or not, just not identifying …
Sharing Offer Content under TRESA
This is the explanation from RECO: “Content of competing offers A change most of you will have heard about relates to sharing the content of competing offers. Though the change …
TRESA Update: Short Delay
The new TRESA legislation will be delayed somewhat. It should come into force shortly. Phase 1 came into force and permitted registrants to use different words to describe themselves and …
A Brief Explanation of Designated Agency
We have to go back over 30 years. Sellers paid a commission to the Listing Brokerage which would then share it with a co-operating Brokerage. However, how they did this …
Consumer Relationships Guide in Alberta
TRESA We are expecting TRESA to be in force in Ontario on 1 April 2023, We are still expecting RECO to introduce and “Information Guide”. We are 10 days out …
When Does a Person become a Self-Represented Party?
Good question! That’s important because under TRESA, a registrant cannot provide services to self-represented parties. But, that’s limited to a “trade”. Other than that, no one cares! Once we move …
TRESA: Are You Ready for Open Bidding?
So, you are a Buyer and the Seller wants to “shop your bid”. In fact, they will go around and tell everybody what your bid was and everything else about …