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MLS Phantom Listings Distorting House Prices

By someone else   2013 Sep 21, 9:49am   8 links   2,180 views   2 comments   watch (0)   quote      

http://www.huffingtonpost.ca/2013/09/20/mls-phantom-listings-house-prices_n_3957237.html?utm_hp_ref=mostpopular

Shutterstock A real estate consultants warning that housing market data in Canada is being artificially inflated has some economists and market observers wondering whether the recent upswing in house sales and prices might be partly an illusion. (Shutterstock image) A real estate consultants warning that housing market data in Canada is being artificially inflated has some economists and market observers wondering whether the recent upswing in house sales and prices might be partly an illusion. Real estate consultant Ross Kay alleges that realtors in certain parts of the country particularly in Greater Toronto and southern Ontario are artificially inflating home...

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1   thomaswong.1986   2013 Sep 21, 11:44am     ↑ like   ↓ dislike   quote    


Real estate consultant Ross Kay alleges that realtors in certain parts of the country particularly in Greater Toronto and southern Ontario are artificially inflating home...

Any relation to Phantom bidding ?

The secret's out on phantom bids

The incoming head of the Toronto Real Estate Board has come out swinging against phantom bidding tactics after denying they even existed when she ran for the job three months ago.

The incoming head of the Toronto Real Estate Board has come out swinging against phantom bidding tactics after denying they even existed when she ran for the job three months ago.

"It's dirty realty, it really is," Maureen O'Neill said of agents who fabricate offers during bidding wars. She is now calling on the Real Estate Council of Ontario (RECO) to yank the licences of agents convicted of using phony bids.

"Boot them out, we don't need them in the business," O'Neill said. "I don't think these people should be allowed to sell real estate."

http://www.thestar.com/news/gta/2007/09/15/the_secrets_out_on_phantom_bids.html

2   dunnross   2013 Sep 22, 12:22am     ↑ like (3)   ↓ dislike   quote    

At least in Canada they uncover these liars. Here in the SFBA, phantom bidding and falsification of data by the RE industry is like their God's given right.

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