Stephen Glaysher, who’s worked as a downtown Toronto realtor for 18 years, set up a site called MLS Sold Data as a resource for current and potential clients to boost transparency and trust.
He said he’s long been an advocate of more disclosure on sale prices, in part to keep his own industry in check.
“I see a lot of unethical business practices with real estate agents,” said Glaysher.
He said it’s been too easy in the past for realtors to fudge numbers when determining bid and sale prices, where they could manipulate comparables up or down by as much as $200,000 to make sure they win a bidding war.
“You can doctor it to make it look how you want it to look.”
He said clients can double-check data themselves now that sale prices can be made available online, though he worries some people could make wrong decisions by not analyzing the data properly.
We want to get the word out about how buyers and sellers can use our free, no obligation site mlssoldata.com in the interests of transparency. With our site, anyone can do some of their own research to get their real estate journey started and achieve their property goals