The problem with pseudo real estate and mere postings.

Recently, a private seller was ordered to pay back a young couple $15,000 in moral damages and an additional $23,000 in financial damages. Certainly the private seller saved the real estate fee but ended up paying more in the end.

In his rendering, the Quebec Superior Court Judge ruled that the deceit of the seller warranted the damages. The seller had originally sought the services of a real estate broker but decided to go his own way because he thought he would not have to disclose the fact of a double suicide having occurred in the property he was selling. In his defense, the seller argued that a seller’s declaration was not mandatory when marketing through the mere posting company and service provider DuProprio (ComFree in the rest of Canada).

Read the full article from LaPresse (in French) here http://plus.lapresse.ca/screens/4acc-1cb0-529f5c2e-9069-26c8ac1c606d%7CKURdR__YkNOz

The reality is that all material facts known by a seller must be disclosed to the buying public. The consumer has the right to know those facts before making an offer to buy. Real estate professionals know the rules that must be followed. Sometimes sellers feel differently and want to do things outside the law by using pseudo real estate and mere posting firms.

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