Wednesday, April 7, 2010

The Competition Bureau and CREA

If any of you have been following the battle between The Competition Bureau and the CREA (Canadian Real Estate Association) regarding unfair competition and the Multiple Listing Service....you probably have some questions or thoughts on this....

Here's what I think: There are already a number of discount brokerages offering flat fee to post the listing on MLS. Should agents feel threatened by this current Competition Tribunal? No! Because a real estate agent brings experience, professional staging, negotiation, open houses, virtual tours, marketing along with neighbourhood knowledge and market trend knowledge. Wouldn't you want your home...one of the biggest assets in your financial portfolio sold by a paid agent. What incentive would a flat fee discount brokerage receive to work on attracting the highest number of buyers in looking at your home. Private sellers may not see Fair Market value if there is no incentive on real estate agents to bring their buyers in.
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Rashna Chotai does things a little differently to get you the most for your home and the best deal on a purchase. "Selling your home is like selling my home"

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