The Last Honest Realtor
Welcome to The Last Honest Realtor, your exclusive, behind-the-scenes pass to the twists and turns of the Toronto real estate market. Hosted by David Fleming of Toronto Realty Group, this podcast offers an unprecedented look behind the curtain, presenting the local real estate scene with a mix of unapologetic honesty and entertaining cynicism.
David doesn’t just talk real estate—he lives it. With years of experience under his belt, he's here to share the unvarnished truth about what it really takes to buy or sell in Toronto. From the big wins to the frustrating pitfalls, get ready for a behind-the-scenes journey that promises both information and entertainment.
Whether you’re a first-time homebuyer, a seasoned investor, or just a real estate enthusiast, David's insights will equip you with the knowledge you need to navigate the market. Expect practical advice on everything from staging and junk removal to listing and making the sale.
Tune in to The Last Honest Realtor and experience Toronto real estate like never before. Be informed, be entertained, and most importantly, be ready to see the industry through the eyes of someone who can handle any challenge the market throws his way.
The Last Honest Realtor
Ep. 23 - Underpricing or False Advertising? The Controversy You Need to Know!
In this episode of The Last Honest Realtor podcast, host David Fleming tackles the controversial practice of underpricing in real estate. Is listing a property below its market value just a smart strategy, or does it cross the line into false advertising? David brings his insights to the table, drawing from a series of eyebrow-raising case studies from the GTA and Golden Horseshoe to explore the ethics, frustrations, and potential pitfalls of these pricing tactics.
From extreme price swings to seemingly endless listing updates, David dissects how some agents push the boundaries of honesty, leaving buyers perplexed and the industry facing credibility issues. This episode sheds light on the tactics that often lead to buyer mistrust, questioning if there’s a better way to approach transparent pricing in real estate.
In This Episode:
- Understanding the fine line between underpricing and false advertising
- How manipulative pricing impacts buyers and the industry’s reputation
- A real-life case study of a property with 39 price changes over 11 listings
- Why the current MLS system might need a major overhaul
- David’s suggestions for improving transparency in listing practices
Timestamps:
00:00 - Introduction
00:05 - Is underpricing false advertising?
01:30 - The case for and against strategic underpricing
05:20 - A shocking case study of MLS price manipulation
15:00 - How this tactic fuels buyer frustration
20:45 - David’s take on the need for MLS reform
28:50 - Conclusion: Seeking transparency in real estate
Don’t Miss:
- David’s honest critique of the real estate pricing games
- Eye-opening case studies that show the extremes of listing manipulation
- Insights into how misleading pricing tactics could hurt the market
Subscribe to The Last Honest Realtor on YouTube or your favorite podcast platform. Like, comment, and share your thoughts—have you encountered questionable listing practices in your real estate journey?
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