Frequently asked Questions (FAQ)
Property sellers often have many questions throughout the selling process, and we are here to provide the guidance you need to make informed decisions. No matter which service plan you choose, rest assured that it can always be adjusted to include additional support. Our goal is to ensure that your interests are well taken care of every step of the way, offering flexibility and personalized assistance to meet your specific needs.
Q What is the MLS?
A. The MLS (multiple listing service) is a database of properties for sale maintained by cooperative real estate boards. The MLS connects homebuyers and sellers by allowing brokers to see each other’s listings. By consolidating and sharing information, the MLS facilitates real estate agents’ and brokers’ communication.
Q What are the benefits of listing on the MLS?
Q Is MLS the only system for sale of Properties
A. Yes. Although there may be other Marketing systems out there, Toronto Regional Real Estate Board MLS System as well as realtor.ca are by far the most comprehensive effective system for the past 100 years.
Q. How does a Mere Posting differ from an MLS listing?
Q. How and why are your plans so inexpensive. How do you do it?
Q. How will buyers find my Listing on MLS?
Prior to putting up any property for sale, we will need all the pertinent information about your property. We will then verify its accuracy before posting it on the MLS. The MLS System and realtor.ca will display it to buyers and other Realtors. Visitors can find detailed information about your property on the realtor.ca website and all TRREB-related websites including the Toronto Real Estate Realty website. Furthermore, depending on the option plan, these properties may also be advertised and promoted on social media. A seller’s contact information is posted in the Broker-only remarks section of the MLS beside Toronto Real Estate Realty, along with instructions on how interested Buyers and Buyer Agents can contact the seller directly to arrange showings and negotiate commissions.
Q. What is the most convenient way for buyers or their agents to schedule showings?
Q. In what ways do Realtors' appointment requests differ from those of buyers?
A. There are several reasons why realtors call to schedule an appointment. The first is to ensure that they will be paid a Real Estate Commission to show your home to potential buyers, and if a successful offer is made, then the commission will be paid. Secondly, some Realtors will want to inspect a property to see if it meets their Buyer’s needs, which leads to a discussion about commissions. Finally, unethical realtors may call simply to entice you to use their full listing service.
Q. Is there a commission that a seller has to pay to co-operating brokers?
A. Yes of course. The Listing Brokerage in this case is Toronto Real Estate Realty, while all other realtors are called Co-operating Brokers. In general, co-operating brokers receive commissions between 2.5% and 3% of the sale price – although this can be negotiated between the Seller and the co-operating broker. There are two types of commission: a percentage of the sale price or a fixed amount plus taxes.
Q. When and how can I make changes to my MLS listing?
Q. How does the MLS® System ensure that its information is accurate?
Q. How does upgrading to a Full Service Listing work?
Q. What document is used to make an Offer
Any offer from a Co-operating Brokerage will most likely be on Board- approved forms. These must be reviewed for accuracy. Despite being able to handle the details yourself, it is advisable to seek legal assistance. Toronto Real Estate Realty can help with all aspects of the process if your Mere Posting plan includes them. Please seek professional assistance before signing any documents.
Q. In the event that the sale is final but the closing is still pending, what should we do?
As soon as the sale is finalized, the sellers must notify Toronto Real Estate Realty, the listing brokerage, about the details of the sale. Sales reporting is a key component of the MLS System.
Q. What is the best time to start looking for a newer home?
It can begin at any time if you have enough funds to carry a second property while selling the first. It is advisable to wait until the first property has been sold firm before buying the next property if you intend to rely on the proceeds from the first sale. Syncing closing dates for both properties may be necessary. In spite of your best efforts, there is no guarantee that the first home will be sold on time. Consequently caution should be exercised
Q. Does Toronto Real Estate Realty offer special discounts or cash-back plans for home buyers?
Toronto Real Estate Realty offers unique and well priced options for sellers and has lucrative cash back plans for all buyers. Furthermore, it also has cash back plans for pre-construction new homes and condominiums. For sellers of condos and properties still under construction, Toronto Real Estate Realty has discounted and Cash-back plans for Assignment Sales. As well as offering cash-back plans on resale homes, we offer pre- construction condominiums and homes as well.