Winnipeg Free Press - PRINT EDITION

Province seeks input on real estate professionals

  • Print

THE province wants your advice on how it should deal with real estate agents as it prepares to redraft legislation for how homes and condos are bought and sold in Manitoba.

The rewrite of the legislation came at the request of the Manitoba Securities Commission, which is responsible for administering the Real Estate Brokers Act and the Mortgage Brokers Act. It's also being conducted in conjunction with the Manitoba Real Estate Association.

Consumer Protection Minister Ron Lemieux said he wants public input on issues such as agent fees, duties of agents, bidding-up prices and confusion over whether agents are working for the buyer or the seller.

"It's a fantastic time, quite frankly, in the market to address this," Lemieux said. "We've never seen the kind of sales that we've had over the last 10 years in Manitoba. It's unprecedented with housing starts and just real estate alone overall has been unbelievable. But it's time for a rewrite."

The survey is at www.manitoba.ca/finance/realestate. The closing date is Feb. 28.

Written submissions can be sent by email to realestate@gov.mb.ca or by regular mail to the Manitoba Securities Commission, 500-400 St. Mary Ave., Winnipeg R3C 4K5.

Lemieux said aspects of the survey include whether agents fully explain legal documents, explain the history of a home or condo to potential buyers and handle multiple offers.

"People are saying, 'Why is it that we pay a flat per cent on the sale of a house?' " Lemieux added. "It varies across the country. Is this something people are satisfied with?"

In Manitoba, there is no standard commission rate. The rate can either be a percentage of the selling price or a flat fee, which are both negotiable.

Manitoba Real Estate Association chief executive officer Brian Collie said an example of where the legislation has to be updated is the recognition of electronic documents and signatures.

The current legislation has not been significantly changed in about 30 years. The new legislation is to be introduced this spring.

Lemieux said the province will also launch public consultations on home renovations and repairs.

"Some people don't know what they are doing," he said. "They knock down a support wall and then you have your roof crumbling on you a year after the people have left town. That's not good for the consumer."

Republished from the Winnipeg Free Press print edition December 20, 2013 B4

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Family of Matias De Antonio speaks outside Law Courts

View more like this

Photo Store Gallery

  • A goose flys defensively to protect their young Wednesday near Kenaston Blvd and Waverley -See Bryksa 30 Day goose challenge- Day 16 - May 23, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • June 25, 2013 - 130625  -  A storm lit up Winnipeg Tuesday, June 25, 2013. John Woods / Winnipeg Free Press - lightning

View More Gallery Photos

Poll

Do you agree with the province’s crackdown on flavoured tobacco products?

View Results

View Related Story

Ads by Google