New Ontario Law to Protect Home Buyers
June 15th, 2015
New Ontario Law To Crack Down On Phantom Bids
Starting next month, homebuyers in Ontario will have new protections against phantom bids, a practice in which real estate agents may hint that they have received competing offers when they haven’t in order to jolt potential buyers into raising or rushing their offers.
As of July 1, agents will not be allowed to imply they have received an offer ...