No Phantom Offers October 24th 2007

PRESS RELEASE, October 24th, 2007
PRESS RELEASE
Buyers Assured – No Phantom Offers
There has been considerable press lately on Phantom Offers in our marketplace. There is a growing perception by many that the Offer process presently followed by our industry is flawed and could lead to problems. RE/MAX Hallmark Realty Ltd. can no longer wait for the Toronto Real Estate Board or RECO to show leadership on Phantom Offers, and therefore has instituted the following company wide policy – effective immediately to deal with this perception.
Company Policy:
In Offer situations when RE/MAX Hallmark Realty Ltd. is representing the seller in multiple offer scenarios, it will be the company wide policy of RE/MAX Hallmark Realtors to disclose the name and company of all Realtors (in writing),
who have registered an offer on the property to any participating co-operating broker when requested.
When requested, this information will be provided to any co-operating broker either in writing before Offers are being presented of after completing of transaction.
Founded in 1980, RE/MAX Hallmark Realty Ltd. is a leading brokerage firm in Toronto, with over 450 sales professionals working out of 6 offices and over 2.5 billion in real estate sales annually.
Ken McLachlan, Broker of Record – RE/MAX Hallmark Realty Ltd.

read more www.www.chaplin-estates.ca or www.yonge-eglinton.ca or
www.central-toronto-real-estate.com