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Thread: You can't find Honest Agents These Days

  1. #1
    Join Date
    Jan 2008
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    297

    Default You can't find Honest Agents These Days

    Sad to say that these days there are no honest agents. All they care about is their commission even in the interest of the buyer or seller. My neighbour recently committed a purchase and the Option was handled through the Seller's agent. The price was agreed based on the total area of the Apt (floor area). However, upon checking doing a seach by my lawyer we found out that the area is about 3% smaller then what the seller has initially given. Accordingly to the law, anything below 3% in the shortfall is acceptable. The Agent as well as Seller claimed that the area in their previous documents and searches indicated that the area provided to me is correct and they have no idea how the title search shows a smaller area. Just wanted to share this story and hope all home buyers be very very careful when dealing with agents.

  2. #2
    Join Date
    Jan 2008
    Posts
    127

    Default

    Quote Originally Posted by irng View Post
    Sad to say that these days there are no honest agents. All they care about is their commission even in the interest of the buyer or seller. My neighbour recently committed a purchase and the Option was handled through the Seller's agent. The price was agreed based on the total area of the Apt (floor area). However, upon checking doing a seach by my lawyer we found out that the area is about 3% smaller then what the seller has initially given. Accordingly to the law, anything below 3% in the shortfall is acceptable. The Agent as well as Seller claimed that the area in their previous documents and searches indicated that the area provided to me is correct and they have no idea how the title search shows a smaller area. Just wanted to share this story and hope all home buyers be very very careful when dealing with agents.
    I think you do not really have a case.

    Anyway, when you saw the unit, you liked it and you are okay with the price they quoted then don't get upset over it. 3% difference in GFA is totally negligible.

    Anyway agents are commission-based whichever side pay them, they are have to fulfil their duty and stand on the side of the owner/buyer depending on who pays the agent.

  3. #3
    Join Date
    Jan 2008
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    560

    Default

    Look on the bright side, at least you did not have to pay for the agent's commission.

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