Real estate agents caught breaking the rules on Marketplace's hidden camera
Regulator says findings raise 'grave concern'
By Saman Malik, Tiffany Foxcroft, CBC News Posted: Nov 03, 2016
"There's a lot of money at stake and corruption is just all over the place," says Josie Stern, a real estate agent who has practised in Toronto for more than 25 years.
The typical amount an agent with double commission would earn, based on the average Toronto home price, would be about $40,000.
Throughout most of Canada, the same agent is allowed to represent and negotiate on behalf of both parties, as long as it's disclosed to all parties involved in the transaction. The practice is called multiple representation or double-ending.
Alberta is the exception. While agents there can represent both sides of the deal, they are not allowed to negotiate for either side.