If you really want to get your blood boiling about buyer's agents, watch this - https://youtu.be/jxcCJxN8aJE
Red Fin doesn't operate in my area but if it did I'd be all over it in a heartbeat when I bought my house.
Red Fin doesn't operate in my area but if it did I'd be all over it in a heartbeat when I bought my house.
I'm not canadian. I dont know how commonplace this is. But as an american it sounds pretty foolish of someone to accept a deal on your next mortgage with someone who openly controls both parties.
The seller's defense is simple: Refuse to sign any listing contract that stipulates more than a 1% commission to a buyer's agent that is in any financial way affiliated with the listing agent's office. 1% being roughly in line with the actual effort required from the listing agent to deal with buyer-side coordination as well.
Such a stipulation doesn't quite close the door on collusion through favor trading, among agents in the local old-boy-and-girl network. But it's enough to shield you the seller from the grosser frauds out there.