GTA real estate broker demands commission even after failed house sale

This guy is a big shot broker in Newmarket, and this may cost him much more than the commission he is suing for.
1) Really bad publicity for him.
2) False advertising.
3) He implies the seller should listen to his legal advise, that is far beyond his expertise.

This is an example why it is better to go the Comfree route as contrary to what the Realtor Association try to sell to the public, some of their members are only looking out for their own interest rather than the people who hired them in the first place.

putz

NEVER EVER EVER EVER use an agent. If you are too stupid to buy or sell a house without one then don't buy or sell houses.

Agents are:

1) Scammers and liars
2) Greedy and don't have your best interest at heart
3) Overpriced and overpaid for the work they do
4) Can cost you a lot of money in legal fees when their greed gets the better of them as shown right here.
5) Completely necessary. Their works is not complicated and you can do it yourself with some basic grade school research skills.

Searched his name on google....many negative reviews already.

Homerhomer wrote: ↑ This guy is a big shot broker in Newmarket, and this may cost him much more than the commission he is suing for.
1) Really bad publicity for him.
2) False advertising.
3) He implies the seller should listen to his legal advise, that is far beyond his expertise.

he'll probably try to legally change his name now lol.....

At first I was siding with the sellers, but then when I read that the sellers re-listed the home with another selling agent, I'm kind of siding with the agent. He did his job by selling the home. He spent his time and money to advertise, etc. he should get paid...at least something!

These sellers could have hired him again to re-sell the home so he would have had the opportunity to make some income instead of this being a complete waste of his time and money.

I was in a similar situation where my house was sold and the buyers backed out 1 month before closing. The advice I got was to re-list the home and if there was a loss to me from my 1st offer to my 2nd offer, then I could sue for the difference, plus costs, etc. There's NO WAY I would have let the 1st buyers out of any legal responsibility like this seller did. I also re-hired the same agent to sell my home! In this case, I think the original selling agent is entitled to some sort of compensation.

Why people still use agents is beyond me! Now that the sales data is publicly available, one can easily sell the house themselves through the use of comfree.

heynayjk wrote: ↑ Why people still use agents is beyond me! Now that the sales data is publicly available, one can easily sell the house themselves through the use of comfree.

Do you know what's also neat about the relaxed sales data?

People get to finally see how fsbo sales listed via the MLS rate against Realtor sales.

fsbo companies won't like that much.

If the RE agent wins his case it will absolutely decimate the agent industry by setting a legal precedent. I bet OREA is desperately hoping that he loses.

he looks like the used car salesman of real estate...

heynayjk wrote: ↑ Why people still use agents is beyond me! Now that the sales data is publicly available, one can easily sell the house themselves through the use of comfree.

totally agree, my niece bought their house with instaoffer and got 25k in commission rebate except for a flat fee.

RobertMcc wrote: ↑ totally agree, my niece bought their house with instaoffer and got 25k in commission rebate except for a flat fee.

much shill much referrals much wow

Hans Ohrstrom picture in google shows "SOLD or I'll buy it" LMAO

Wow just reading that article had steam coming out of my ears.

But if anything she should be counter-suing the brokerage and agent and buyers. Come on RFD lawyer peeps, someone step up and offer to represent her for free. The goodwill generated would be immense.

Notice OREA and TREB..not our place to comment...you mean on agents suing buyers when they tried to double end, failed and with not having a legit buyer and having to sell later in 2017... No no need to comment..scumbags

licenced wrote: ↑ Do you know what's also neat about the relaxed sales data?

People get to finally see how fsbo sales listed via the MLS rate against Realtor sales.

fsbo companies won't like that much.

The FSBO's were handicapped by lack of information (access to house sale data). That is no longer an issue.

Generally speaking, the real estate industry is changing. On a go-forward basis there will be many more options that will bring pressure to bear on traditional commission rates. The recent court ruling is just one of them.

She should have read the contract properly. It sounds like he lowered the selling commission so that he gets a commission even if it doesnt sell.. I think she will lose the court case.

No they weren't!

Comfree has for years been a brokerage that belongs to every major real estate board and so had access to every detail.

Property Guys used board brokerages to farm out their fsbo listing to so they could get on to MLS and so had access to every detail.

All other fsbo listings are through Realtors with registered brokerages and who offered the service and so had access to every detail.

Yours failed but it was a nice try at obfuscation!

Ceece wrote: ↑ The FSBO's were handicapped by lack of information (access to house sale data). That is no longer an issue.

Generally speaking, the real estate industry is changing. On a go-forward basis there will be many more options that will bring pressure to bear on traditional commission rates. The recent court ruling is just one of them.

Furcorn wrote: ↑ If the RE agent wins his case it will absolutely decimate the agent industry by setting a legal precedent. I bet OREA is desperately hoping that he loses.

Several of those have already been won by the suing brokerage.

From the way the article reads I think the brokerage is wrong here and stands to lose or be counter-sued by the seller for negligence in case the seller does lose.