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The Enclosed Real Estate Information While Deemed Correct, Is NOT Guaranteed

Blog by Ian Watt | July 22nd, 2010

Vancouver Condo Real Estate Video Blog #582 - July 23, 2010

The Enclosed Real Estate Information While Deemed Correct, Is NOT Guaranteed

Ian Watt video blogs about on the MLS for the Real Estate Board of Greater Vancouver says on each listing "The Enclosed Real Estate Information While Deemed Correct, Is NOT Guaranteed" and there is no incentive of the realtors to make the listings as accurate as possible. If you want to voice your opinion or if you don't care for Ian's comments please email your feedback to ianwatt@ianwatt.ca and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real Estate Video Blogs.


Ian Watt: Hi, Good afternoon! It's Ian Watt in Downtown Vancouver. Every listing that realtors submit get submitted to the Real Estate Board. It is put into the MLS system and it gets put out to mls.ca, realtor.ca, realtylink., or whatever you want to call it and that's why at the bottom of every page there's a little disclaimer that says where not responsible if the information is inaccurate. Now, realtors sometimes don't fill out all the information and that is a bit of a problem. Now, whether it's accurate or not the Real Estate Board doesn't know it. But the Fraser Valley Real Estate Board which is Surrey East. What they've done is they've put like a $10 dollar fine for realtors who do not fill out the information. If it's not filled out in 10 days or a few days sorry, the $10 dollar fine gets doubled and gets doubled, doubled, doubled etc. Great system that they have going out in Fraser Valley. In Vancouver if we don't have it we just don't have it. There are no consequences other than our clients might be upset that the information is not accurate. So I think our Greater Vancouver Real Estate Board should adopt this $10 dollar fine but not a $10 dollar fine. Make it the first one a $10 dollar fine the second one a hundred dollar fine. And the third one your listing is canceled or suspended until the information is accurate. My name is Ian Watt and if you have any questions. You can always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!