TREB has been trying to figure out how to make the offer process fair for years. So far all the effort has gone into trying to create MLS rules that would make the offering process fair. RECO’s position is that offer presentations fall under the code of ethics, in particular, that everyone must be treated fairly.
Unfortunately MLS rules can not solve this problem and trying to impose RECO’s disciplinary procedures regarding the code of ethics on every instance of abuse just won’t work.
TREB should take a leadership position for the Ontario industry and develop an online offer system that would comply with RECO’s fairness requirements and Ontario’s privacy regulations. There are many systems currently in use on the internet in the product buying arena and in the travel business that could be used as starting templates.
An online offer system would not be mandatory, but if buyers and buyer agents create a demand for sellers to use a fair offer system, then it would become a selling advantage for sellers and would be readily adopted, especially when agents are using pricing as a marketing strategy.
Vote for Michael Manley and he will push for a FAIR OFFER SYSTEM. Vote Now.
