Non Disclosure of Conditional Sales in the Calgary Real Estate Market

Why don't real estate agents Disclose Conditional Sales

Simply put....I.Don't.Know!

This is so incredibly frustrating. Not just for buyer's in the market place but also for the Buyer's Agent.

I took my real estate agents hat off the other day, you know, the day that we got 10" of snow, and put my buyer hat on. We aren't super serious about looking for a new house but if the right opportunity presents itself we might be willing to jump.

We thought from the photos that the property might fit our criteria, so, I went ahead and made an appointment to view the home.

I was in touch with the listing agents assistant (turns out the listing agent was on holidays), and asked not once but twice if the property was conditionally sold. I got answers to every other question except that one.

We drove for an hour and 15 minutes to get to our destination only to find out once we go there that the property had been conditionally sold two days prior.

How Would You Feel as a Buyer?

This rule change made by creb® is ridiculous. It has made Agents lazy. I would love to see the Calgary Real Estate board do an audit of the industry to see how many real estate agents are actually turning in the necessary paperwork allowing them to keep the property as showing active. Let's be real here....that is not likely to happen.

My video below is a rant of sorts, because I now know how a buyer would feel in that situation. When this rule change took place over a year ago, I swore that I would report all of my listings as pending, unless instructed by my clients not to. However, if I do not report it as pending, I ALWAYS disclose to the Buyer's Agent that the property has an offer on it...this is the ONLY way I will do it and my seller's know that.

Watch the video below and leave your comments, I want to hear your story if you have experienced this.


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