Realtors avoiding low commission homes for sale

[cidley69]

Don't think this will surprise anyone.

Although didn't realize there was law being broken by the practice.

https://www.cbc.ca/news/canada/marke...ents-1.6209706

[killramos]

National Realtor Code of Ethics eh?

[Twin_Cam_Turbo]

Not surprised. When I sold my townhome I wanted to list it less than the other unit in the complex being listed by 2% Realty. My realtor told me likely other realtors likely just weren’t showing it because there was no commission in it, and he was probably right because my unit sold at full ask above the list price of the other in one day.

[killramos]

Yea. Sounds like your realtor did you a favour

[Twin_Cam_Turbo]

This quote is hidden because you are ignoring this member. Show Quote

Yea. Sounds like your realtor did you a favour

He actually did, he could have easily listed it lower like I was thinking and took the quick pay check, instead I ended up with $15k+ more money which benefitted both of us over him taking a quick pay check at a lower price.

[killramos]

It’s as if the system is designed to incentivize that outcome or something.

[Twin_Cam_Turbo]

This quote is hidden because you are ignoring this member. Show Quote

It’s as if the system is designed to incentivize that outcome or something.

As if that’s not the basis of business in general to maximize profit?

[max_boost]

Some laws are conveniently ignored.

[jwslam]

I listed with 2% when it was hot in April 2021. (So my agent got his 1%, and the listing said buyer commission negotiable)

Of the 5 offers that came in:
-1 agent asked for 2%, which based on the sale price he would've been making more than the standard 3.5/1.5
-3 agents asked for their standard 3.5/1.5
-1 agent was willing to take the 1%

[ThePenIsMightier]

This quote is hidden because you are ignoring this member. Show Quote

Don't think this will surprise anyone.

Although didn't realize there was law being broken by the practice.

https://www.cbc.ca/news/canada/marke...ents-1.6209706

Thanks for posting this. I was going to add it to that thread I made about Realtors being shitty and I forgot.

https://forums.beyond.ca/threads/414...s-Aren-t-Great

[ExtraSlow]

Something something equal distribution between various careers something something

[Buster]

Things like this shouldn't be illegal anyway.

[ExtraSlow]

This quote is hidden because you are ignoring this member. Show Quote

Things like this shouldn't be illegal anyway.

This is a feature not a bug.

[ercchry]

Circumvent existing system… bitch about system not accepting you… right

Restaurants mark up their steaks too much. I brought my own steak and demanded they cook it for me for half the price!

[suntan]

This quote is hidden because you are ignoring this member. Show Quote

Things like this shouldn't be illegal anyway.

Then realtors shouldn’t claim fiduciary duty.

[ExtraSlow]

This quote is hidden because you are ignoring this member. Show Quote

Then realtors shouldn’t claim fiduciary duty.

Probably also true.

[Buster]

This quote is hidden because you are ignoring this member. Show Quote

Then realtors shouldn’t claim fiduciary duty.

Is this something they do?

[max_boost]

This quote is hidden because you are ignoring this member. Show Quote

Is this something they do?

Yes sir. They are Professionals.

[suntan]

This quote is hidden because you are ignoring this member. Show Quote

Is this something they do?

Yes.

[Buster]

This quote is hidden because you are ignoring this member. Show Quote

Yes.

ewwwwww