Can you change the wording on the Listing Agreement? Realtors® typically use standard agreements recommended & provided by OREA. Each agreement shall be reviewed with you in detail, and if any modifications are required, they will be attached to the standard agreement in the form of a Schedule.
How long is the Listing Agreement good for? All of our listing packages are valid for up to 6-months. If there is a need to shorten the agreement, the necessary paperwork shall be prepared and modifications shall be made within one week – at no additional charge. A new agreement shall be required for any listing renewal after 6-months, additional charges may apply.
Can you make changes to the listing once it is advertised on REALTOR.ca? Yes, you can request changes to the listing. But note that it takes about 24 to 48 hours for changes to take effect on REALTOR.ca. For the Silver Package, there are a maximum of 3 changes to the listing which are included in the price. For the Gold Package, there are a maximum of 5 changes to the listing which are included in the price. Any additional changes can be made, however additional charges may apply.
Should I let agents show my property? We highly recommend that you allow agents to show your property, but never sign any document without seeking legal advice. You are NOT obligated to pay other agents any commission at all, however we highly recommend that you provide a reasonable commission rate to any cooperating agents in order to maximize the potential of sale.
What is the current average market rate of commission for a buyer’s agent? The typical rate in the GTA is between 2% and 2.5% + HST
How should you ask for advice on offers? While we take care of your listing and are available for general questions, you should always consult your real estate lawyer for any and all questions related to offers on your property. Never sign an offer without first allowing your lawyer review it. If you require extended support, we can negotiate a reasonable rate to provide our services.
Can we show your contact information on the listing? Under current MLS® rules, no real estate brokerage is allowed to show the seller's contact information directly in the Public Remarks section of the listing. However, there will be a message on your REALTOR.ca listing inviting buyers to visit our website so they can then contact you directly.
Can you post an Open House message on REALTOR.ca? Under current MLS® rules, if we post an Open House on the listing, we have to be there to do the Open House. However, from our website we can create a link to your webpage where you can post the Open House information.
Why do we ask for a copy of your property tax bill? Your property tax bill contains important information that is needed on the MLS listing, such as the legal description and the property tax roll number). Normally, we can find this information about your property on the land registry system. However, it happens often enough that the information isn’t there and so we have to wait until you send us a copy of your property tax bill. This creates a delay in listing. To avoid this delay, we ask that you provide a copy of your property tax bill with the listing forms.
How many pictures can I post on my REALTOR.ca listing? You can post up to 9 pictures of your property.
What is Schedule B of the Listing Agreement for? The page called Schedule B of the Listing Agreement states that you must tell us when you accept an offer from a private buyer or from an agent. Under MLS rules, we require the following information: 1. the name of the buyers, and the name and number of the buyer’s lawyer 2. the selling price (the price you accepted in the offer) 3. the date the offer was accepted, the date on which conditions will be removed, and the closing date.