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You cant exactly say that the seller should take accountability because they don't know the market. Not everyone follows or is educated enough in the real estate market. Especially a market like Vancouver, People pay for services of a real estate agent and they get rewarded handsomely so that the seller can get maximum return. Not so that the seller agrees to certain price point and the agent then goes and flips it for half a million more the next day.
I understand there are shady people, salesman, etc. and ripping a few thousand here or 10 thousand off there is no big deal in the big picture. But $100,000+ is absolutly wrong in my eyes.
What if it was shadow flipping was done on a old couple in thier 80's looking to sell their 1 and only bungalow house they ever lived in? Would it be their fault for not constantly following the real estate market?
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