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Nov 22, 2017

Clarifying services offered can help avoid real estate disputes

Finding the right professionals to help buy and sell a home can be overwhelming. One of the reasons for this is the vast difference between the services offered by real estate professionals in Ontario. To avoid real estate disputes, it's a good idea for those selling their homes to establish the exact scope of services offered and purchased from a professional prior to engaging them.

Some real estate professionals in Ontario offer services as limited as simply posting a listing on MLS, while others will stage a home, oversee viewings and even negotiate sales. There is no standard collection of services, so it is important to have a thorough conversation about what is included in a contract with a professional or brokerage. With modern technology, new services such as social media marketing or even 360-degree drone videos may be offered by some professionals.

Many of those who offer these services may have different packages and commission options available, so getting advice on what is and is not necessary in your situation is wise to avoid future real estate disputes. Payment and fees can also vary depending on which services are offered. Some may charge a flat fee, while others will look for a commission of the home once it is sold.

It is important that sellers hire real estate professionals whose work style, payment standards, services and personality are compatible with their own. Regardless of who is engaged, legal counsel is vital for all real estate buyers and sellers. An Ontario lawyer can look over a contract to help people avoid future real estate disputes at every step.

Source: The Toronto Star, "Real estate sellers' services vary widely", Joe Richer, Nov. 11, 2017