Marsha Lederman, who has apparently kissed enough ass to get the page two opinion slot at Canada's national newspaper of record, today holds forth on the criminal conspiracies that are driving Vancouver real estate values.
She's waxing wise on the shadow flipping that many Vancouver realtors allegedly engage in. Here's a quote: ...a real estate agent resells a property multiple times with increasingly higher values before the sale closes, giving the agent multiple commissions...
I don't pretend to be an expert on the real estate business, but as I understand it, a real estate agent gets paid only when a deal closes. If an "agreement of sale" contract changes hands a few times before a deal closes, this does not in any way mean the agent got multiple commissions.
Shame on Marsha for sliming the real estate industry with this tawdry innuendo.