Non-Disclosure of Conditional Sales in Calgary
With the market moving at the quick pace that it’s moving, I get a lot of my buyers asking me the same question:
“Why does the property I like still show as active on the MLS, but you (Rachel) told me it’s sold?”
Well, the Calgary Real Estate Board recently introduced a rule which allows sellers to keep marketing their property even past the point of being conditionally sold. Which means that they can keep it appearing active and for sale on the MLS, even though it’s already under contract with another buyer. There are different levels of non-disclosure.
1) The seller could choose to keep it active on the MLS and disclose in the private agent’s comments that it’s conditionally sold.…