26. (1) If a brokerage that has a seller as a client receives a competing written offer, the brokerage shall disclose the number of competing written offers to every person who is making one of the competing offers, but shall not disclose the substance of the competing offers. O. Reg. 580/05, s. 26 (1).
Hamilton family says rule-breaking listing agent caused them to live in basement for 5 months.
Vanderdeen-Fenech filed a complaint to the Real Estate Council of Ontario (RECO) earlier this year when she says a local listing agent broke the rules by sharing the price of a competing bid.
Vanderdeen-Fenech contends her family wouldn't be in a basement if agents weren't breaking the rules to milk as much money out of buyers as possible. The 40-year-old says she's coming forward with her experience to warn others as the pandemic-era housing market continues to intensify. "If we weren't robbed of a home, somebody else was … this is why I said to my husband, 'We have to speak up, we have to file a complaint, because this is wrong,'" Vanderdeen-Fenech said. see full article.......
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