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Manitobans Asked for Input to Ensure Fairness when Dealing with Real Estate Agents

The Government of Manitoba is asking consumers for their ideas on how to ensure they are treated openly and fairly by real estate agents when they buy or sell a house or condo, Tourism, Culture, Heritage, Sport and Consumer Protection Minister Ron Lemieux and Finance Minister Jennifer Howard said today.

“A home or condo is the biggest purchase a family makes, so Manitobans need to be certain that real estate agents are working on their behalf and charging a reasonable price for their services,” Minister Lemieux said.  “We want to hear from Manitobans about their experiences and their ideas on what we can do to ensure real estate agents are acting in the best interests of families.”

Manitobans are being asked for their 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.  This review will help the province understand consumer concerns, guide changes to protect families and ensure fairness in the marketplace, said Minister Lemieux. 

“When buying or selling a home, real estate agents can help families understand the process and get a good deal,” said Minister Howard, who is responsible for the Manitoba Securities Commission, the agency responsible for overseeing the licensing of real estate agents.  “We want Manitobans to help us make sure they are treated fairly by real estate agents so that buying a home in Manitoba remains affordable for families.” 

“Hearing directly from homeowners about their experience with real estate agents is important,” said Brian Collie, chief executive officer, Manitoba Real Estate Association.  “This information will help us work better together to ensure home sellers and buyers get the experience they expect and deserve.”

Protecting Manitobans’ investments in their homes or condos is a key part of the province’s consumer protection strategy, said Minister Lemieux.  Earlier this year, the Government of Manitoba passed legislation requiring warranties on new homes, which will come into effect in 2014.  Also in the new year, the province will launch public consultations on renovations and home repairs to ensure homeowners are getting fair treatment, he said. 

The closing date for the survey on real estate transactions is Feb. 28.  Manitobans can fill out the survey online at www.manitoba.ca/finance/realestate.   

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