which stipulates that sellers can list their property in an open bid auction format, provided all parties consent.
However, a positive aspect of the policy could be a boost in supply available on MLS — a badly-needed infusion given listing inventory remains at record lows. According to CREA, there wereon a national basis at the end of September; a scant improvement from the 3.5 months recorded in August, but well below the long-term average of five months.
The first iteration of the policy allows for exclusive listings to be kept within the same brokerage upon explicit direction of the seller client, after they’ve been informed — in writing — by their agent on the benefits of listing on MLS.
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