Home sellers feel the irresistible lure of exclusivity

by Shane Dingman

Listed at $2.999-million, 566 Deloraine Ave., Toronto. had eight showings in the three-day exclusive period and five more additional buyer showings on the first MLS day. Within 12 hours of listing om MLS, it received an offer $219,000 over the asking price.

Realtors are finding new workarounds to bypass the industry regulator’s crackdown on “exclusive” real estate listings almost two years after the Canadian Real Estate Association moved to restrict the practice nationwide.

“I’m a fixer of broken things, and I think so much of real estate is sort of broken,” said Catharine MacIntosh, a realtor with Bosley Real Estate and the founder and CEO of an app called Listed. The app claims to create a way to get around rules aimed at stopping agents from widely marketing their “exclusive” properties.

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