Full disclosure in bidding wars?
Saturday Feb 02nd, 2019
Ontario is considering allowing realtors to tell prospective home buyers the prices of other offers in bidding wars.
The government launched a consultation Thursday looking at the Real Estate and Business Brokers Act, and that’s one rule they’re looking at changing.
Currently, if there are multiple bids on a home, the seller’s broker can only disclose the number of competing offers, but not the details of them.
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