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Old 01-12-2012, 02:04 PM   #4
onetwo_threefour
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Join Date: Apr 2006
Location: Mahogany, aka halfway to Lethbridge
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I agree on pros of the situation for the Seller, but in terms of the Buyer's realtor doing their job, based on the new rule, all that realtor can do is ask the listing realtor and hope they tell the truth. According to the owner of one brokerage that I work with a lot, there is already a major brokerage in the city taking the position that the listing realtor doesn't have to disclose a c/s even if asked outright. It may be that they will say they have been instructed not to say which is probably a pretty big hint to a buyer's realtor, but its not clear and there's not much else the buyer's realtor can do.

I also imagine a situation where a buyer is looking at two properties they like, they write an offer on one, but by the time they find out it's c/s after presenting an offer and waiting 24h or more for a response, the other property they would have written on bas been sold. It's really difficult for a buyer to manage risk in this type of scenario which is another reason why I think I'm biased against it.
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