First time posting on this board.
I got my PR a couple weeks ago and am keen to buy after almost 2.5 years renting an overpriced apartment (all apartments in Toronto are overpriced imho).
My question is about the fact that realtors seem to want to force people to sign a exclusive contract meaning they have to work with them, and only them for the length of the contract. And guaranteeing the buyer a % of the commission from the seller, which seems open to cause issues.
I know they tried to do this sort of stuff in the US and no-one went for it, the UK system is completely different again, and while there is a huge amount of information online a lot of it seems old and very much "well it's good and bad" and "you don't have to do it", but in Toronto at least... it seems like you DO have to do it. Unless you literally go door to door dealing with sellers or try one of the online sites.
Anyone got any experience of views on this?
Thanks!
P.S. Apparently this requirement is legal (ie: they have to do it, it's always legally biding one you sign something) in AB.
I got my PR a couple weeks ago and am keen to buy after almost 2.5 years renting an overpriced apartment (all apartments in Toronto are overpriced imho).
My question is about the fact that realtors seem to want to force people to sign a exclusive contract meaning they have to work with them, and only them for the length of the contract. And guaranteeing the buyer a % of the commission from the seller, which seems open to cause issues.
I know they tried to do this sort of stuff in the US and no-one went for it, the UK system is completely different again, and while there is a huge amount of information online a lot of it seems old and very much "well it's good and bad" and "you don't have to do it", but in Toronto at least... it seems like you DO have to do it. Unless you literally go door to door dealing with sellers or try one of the online sites.
Anyone got any experience of views on this?
Thanks!
P.S. Apparently this requirement is legal (ie: they have to do it, it's always legally biding one you sign something) in AB.