This site uses cookies.

The types of cookies we use, and the way we use them, are explained in our Privacy Policy. By clicking "Accept" or continuing to use our site, you agree to our use of Cookies.
More information


Brian Madigan LL.B., Broker

RE/MAX West Realty Inc.,
Independently owned and operated

96 Rexdale Blvd. 
Toronto, Ontario 

Phone: 416-745-2300

Cell: 647-404-8150 
Toll Free: 1-888-507-0817

Search in:  

Sort by:

Appreciating FSBO's and the Competition Bureau

October 17, 2016 - Updated: October 17, 2016

Appreciating FSBO”s and the Competition Bureau


From time to time, some real estate agents are disgruntled with the Owner/Seller who decides to “go it alone”. These people are known as FSBO’s or “For Sale By Owner”.


We looked at the 40 year track history of compensation for lawyers and agents in real estate transactions.


The problem for lawyers was that they occupied the entire field. They provided a service which couldn’t be purchased elsewhere. They were a “monopoly”. The consumer had no where else to go. Take it or leave it. The legal profession pushed one more button and that was “price”. The tariff was standard. It set out the rates that would be charged.


The Competition Bureau said that the Tariff was anti-competitive.


The saving grace for the real estate industry is the “FSBO”. Everyone should be able to sell their own house. Who needs an agent? No one! Hence, if everybody can do it on their own, then really no one needs this service. It’s non-essential. It’s helpful to some, but not to others. So, there’s really no need to aggravate the system. Commissions are subject to competition and there is no need for regulation.


At least, that’s the thinking.


So, real estate agents should be grateful to all the FSBO’s out there.


Brian Madigan LL.B., Broker



Tagged with: fsbo for sale by owner lawyer tariff agent commission competition bureau
| | Share

Brian Madigan LL.B. Broker

RE/MAX West Realty Inc. Brokerage

Independently owned and operated

96 Rexdale Blvd. , Toronto Ontario,

Phone: 416-745-2300

Powered by Lone Wolf Real Estate Technologies (CMS6)