Unlicensed foreign agents leverage lax regulation to sell B.C. real estate
Posted by Steve Harmer on
They’ll arrange showings, set up negotiations with the seller’s agent, and even pick you up from the airport.
It’s the kind of pitch a real estate agent might make.
But no – this is the work of an unlicensed foreign agent working in B.C.
The man on the phone is cheery and confident, with the practised ease of someone accustomed to calming anxiety.
There is no need to worry, he says. Buying a home in Vancouver is simple. His company will dispatch people to the airport, then guide an inexperienced buyer through the entire process. No other company will be involved, he promises. “If you go to look at a house, our headquarters staff will take care of you,” he says.
His colleagues will come every day to arrange showings and, when a suitable home…
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our realtor sold your home for $500,000 more than the price you agreed to — but you didn't see a penny of that extra cash. That's the situation for some Vancouverites, as exposed in a Globe and Mail feature Saturday February 6th 2016.
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