Amaal  Ebrahim

Amaal Ebrahim

Sales Representative

Zolo Realty, Brokerage *

Mobile:
647-408-9938
Office:
416-898-8932
Email Me

Hire Top Class Real Estate Agent Who Will Invest In Your Future

Multiple Representation

When I became a Realtor, it boggled my mind as to how and why is one Sales Rep able to represent both the Seller and the Buyer for a given property .... soon enough THAT is all I heard in the market - "double ending" deals.  The question still lingered in my mind - with my current listings, would I be able to honestly and with integrity also bring in a buyer and look out for his best interest too???   The feeling to me seemed like being stuck between a hard place and a rock!  Why would I put myself in a situation like that ?  Of course I know why!  5% is always better than 2.5%!!!!  

What do you think?  Should REBBA allow Realtors to continue to be able to "double end" deals or should there be a law - under the code of ethics - that will not allow that?  Would you rather pay that extra 1% so that you get the highest price in a short time for your property from a buyer who is represented by another Realtor?   Or would you rather your Listing agent bring in a buyer so that you are able to get a break on the 1%? Seems like a win-win strategy when you can get a break on the commission you offer and the listing agent too earns more than the 2.5%.  

Things are about to change....here's what the word is....

Last week, RECO submitted its response to Phase 1 of the REBBA review. Consistent with our January 2017 letter to the Minister, RECO supports:

CHANGES TO MULTIPLE REPRESENTATION: A new Mandatory Designated Representation requirement at the individual registrant level should be established – with limited and specific exceptions. Designated representation will allow a brokerage to have multiple clients in a single transaction, but each will be represented by a different salesperson or broker.

Have any questions???

Call me on 647 408 9938

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