It also means you won’t get the protections that come with working with a registered real estate professional. They must also comply with the Real Estate and Business Brokers Act, 2002, and its Code of Ethics, and they offer their services through a registered brokerage. In addition, a buyer’s deposit is held in a real estate trust account of a brokerage and is insured against fraud, insolvency or misappropriation by the brokerage. There are also some auctioneers who are registered real estate salespeople. If you decide an auction is the way to go to sell your home, there are companies who offer this service.

Source: thestar August 20, 2016 10:52 UTC