The Problem with 'Double Ending' Part Two

06 June 2017
Remax-Condos-Plus

Welcome to Part Two of Double Ending, or Dual Agency. In Part One we concluded that problems only arrive with Dual Agency when we have multiple offers on a property. This is a Toronto problem.  In smaller communities all across Ontario, most top agents double end over 50% of their sales, without any problem.

Banning Dual Agency is a bad idea. The solution, as I've said before is to change the act. Listen to me RECO, on all multiple offers, let all buyers and their agents see all offers. Right now, all we can disclose is how many offers and who the buyer agents are. Make everyone see all the offers. Right now, only the listing agents see them, and what an advantage that is if they have their own offer. That's where all the complaints come from too. Simply change that section of the act and the problem is solved.