Tag Archives: Disclosure of Conditional Sales

Non-Disclosure of Conditional Sales – Just a lot of Smoke & Mirrors

The Calgary Real Estate Board has indicated to its members that in an effort to appease the Competition Bureau of Canada, the Calgary Real Estate Board as implemented systems which will allow Sellers the option of not disclosing the existence of a conditional sale of their home. The idea behind this is that it could be argued that  by not disclosing the fact that the property is already under contract, on the Calgary Real Estate Board MLS System®, they might have a better chance of soliciting back-up offers.  Real estate agents should be having this discussion with their seller to determine how they would like this to be handled.

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