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Shocked by Realtor’s fine print
Julie’s story is a great example of what not to do. She and her husband, looking at cottage properties in the Muskoka area, had made appointments with several realtors. “The agent pushed a form across the desk that said `buyer agreement’ on it. She told us she could not take us to the first showing until we had signed this document,” Julie said. “We drove in our car, following the agent in her car, to four properties. At most 1.5 hours later, we said goodbye.”
Only when they returned to Toronto did they read what they had agreed to. They were locked into an exclusive relationship for six months, covering any properties in the Muskoka area. The broker of record at the firm offered to assign a more experienced agent to work with them, but refused to rip up the document.
The couple waited until the agreement expired to look in Muskoka again, not wanting to deal with a firm that abused their trust by filling out forms without consulting them. “We went on a blind date and turned out to have signed a marriage license,” Julie
See article in the Toronto Star by By Ellen Roseman »
April 11, 2011 in Buying Toronto Real Estate | Permalink
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Good advice, nice instances and factual information.
Posted by: buidling company london | Sep 14, 2011 3:59:33 AM
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Posted by: Dr.tarik farooq | Jun 8, 2011 6:44:09 AM
Like this article. I am experiencing the same, only in my case the Broker on Record has decided to hold my listing ransom until I sign a waiver releasing his brokerage and the listing person from any wrong doing in the leasing of my property. My property was leased without having a rental application completed, no credit cheque was done, no references were obtained or no Id info. The tenant ended up skipping out and when I went back to the salesperson to ask to the above documents in order to trace the tenant to get my money< i was told that she had none. I then asked to have my listing released and was told that the only way it would be released is if I sign a waiver. I did not and they still have the listing. I signed a 7 months listing agreement and was also not aware of it. As consumers, we really need to be more careful when signing documents with real estate people and their brokerages. The mistake on my part, by not reading all documents are requesting copies of all documents relating to the lease is costing a hugh financial burden. Beware
Posted by: Marguerita | Jun 5, 2011 8:46:06 PM
Greening your business not only makes sense when it comes to the environment, it can also have a number of other advantages too. From power saving initiatives that can help cut your electricity spend to improved environmental credentials which will help you appeal to today's climate savvy customers, you could find that making an effort to cut your business's emissions could benefit you in more ways than one. Making sure your construction business becomes a little greener is sure to mean a number of changes to the way you source your products and service. There are a significant number of people who are willing to make an investment in their building for the benefit of the planet, and many are further encouraged to make the change due to the likelihood they will be able to save on things like energy costs if they have their properties fitted with, for example, doors and windows offering a high thermal performance.Only when they returned to Toronto did they read what they had agreed to. They were locked into an exclusive relationship for six months, covering any properties in the Muskoka area. The broker of record at the firm offered to assign a more experienced agent to work with them, but refused to rip up the document.
Posted by: new home builder virginia | May 28, 2011 5:40:52 AM
Great article
Posted by: Austin Homes | May 20, 2011 8:08:25 AM
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