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This happens more than you realize. If you’re the Listing Agent and see that two of the offers are from the same brokerage, you have a responsibility to let their agents know so that they can get informed consent from their clients. When you ask someone to improve their offer, you are essentially rejecting it, and they can choose to walk away.

Complaint example: Jake Highway from Ontario & Beyond Realty is representing Rebecca Route, a buyer who is ready to put in an offer on a home. I was later surprised to be presented with a bill for it – shouldn’t my listing brokerage cover the staging costs as a part of their services to me? Detecting fraud is an impo… twitter.com/i/web/status/1… via @RECA, Industry pros: As members of a profession that serves the public, your actions reflect on the entire industry.

Talk to your agent about how you can minimize your risk. A registrant cannot indicate that they have an offer, unless they have a written offer. Solution: Upon seeing that Ms. Route’s offer contained a commission adjustment, Mrs. Boulevard should have disclosed both the existence of the commission adjustment and the amount of the commission adjustment to the representative of the other buyer. The number of offers (to anyone who has a written offer), If you or your brokerage are representing both the Seller and a potential Buyer (to anyone who has a written offer), If you or one of the other buyer agents is reducing the amount of the co-operating commission (to anyone has a written offer), Any changes to the offer process – for example, your client didn’t want to review pre-emptive offers but now wants to review them (to anyone who has expressed interest in the property). A high proportion of complaints to RECO pertain to the handling of offers. As a Broker/Manager, I am preparing my own bulletin to our salespeople to clarify compliance. Your Broker can help.

I was later surprised to be presented with a bill for it – shouldn’t my listing brokerage cover the staging costs as a part of their services to me?

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