Real game changer for discount realtors

Financial terms of the agreement were not disclosed. Realtors They say the deal will allow the companies to offer the broadest range of service at reasonable prices. Dale, an industry agitator who brought the complaint to the competition watchdog, started Realtysellers following CREA's agreement to change its rules to allow a la carte services. The changes allow a realtor to charge a flat fee for individual services such as posting a listing to CREA's Multiple Listing Service — which is used in about 90 per cent of Canadian Real Estate deals. It says the board restricts how agents provide information to their customers through the local MLS. Traditional Realtors typically charge a 5 per cent commission on the sale of any house, regardless of the level of service they provide. Realtysellers is a group of realtors who offer customized services that allow sellers to choose their own level of assistance. By partnering, they believe "the new partnership has the size, sophistication and financial muscle to fundamentally change how Canadians buy or sell a home. This new union will give our current and future customers access to brokerage services that were previously off limits," said Ken LeBlanc, president and CEO of PropertyGuys. Realtysellers will initially manage and provide the brokerage services for the posting program of PropertyGuys.