OMG. Of course your agent would say that. They take away from his/her business. If that was the case more than 50% of the people in Ottawa would be hiding something. For you GTA folks, you really need to see the extent of how many people sell by themselves with a minimal fee ($1000 or so) to places like Grapevine, ComFree, etc. The trend is rising in the GTA too. The real estate board wants to scare the crap out of you. In reality is your lawyer who does most of the hard work and does the title search, gets you title insurance, makes sure the deal sounds ok and truly protects your interest. Not saying all agents do not care for your interests but they have very little to do with the deal ultimately going through and being legal and protecting you. That is why in addition to paying the agent, you are also paying a lawyer.
To OP: Every Tom ***** and Harry is a real estate agent. Only 1% of them really make decent money and are at the top of their game.