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Ontario legislation casts spotlight on issue of phantom real estate bids

2015-06-14 17:21:27| Real Estate - Topix.net

Starting next month, homebuyers in Ontario will have new protections against phantom bids, a practice used by unscrupulous real estate agents to drive up the prices of homes. Agents may hint they have received competing offers when they haven't in order to spook potential buyers into raising their offers or rushing into a deal.

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