Welcome to #505 -157 2nd Avenue North, Central Business District, Saskatoon, SK

Welcome to #505-157 2nd Avenue North in the Central Business District area of Saskatoon.

Offered at $419,900 MLS®

View full listing detailshere.

Return home to a world of convenience, security and luxury offered in this top-floor, corner condo at the award winning Residences of King George. Built in 1912 and lovingly restored in recent years, this building is a treat to explore. It’s simply wonderful. The location is hard to beat too, in the heart of Saskatoon’s downtown core. A seemingly endless number of shops, services, restaurants and night spots are available to you. Park your car underground, head out for a night on the town and make the easy walk back home later. Secure elevators keep those who don’t belong out while you enjoy the luxurious appointments found in this home. The main living area boasts ceramic tile flooring and floor to ceiling windows that provide an abundance of natural light. Custom lighting and window covering do the trick when you’re ready to escape to complete privacy. A stunning designer kitchen and the adjoining, generous dining area provides a spectacular sunset views to the west. Dark, rich cabinetry with stone countertops, and stainless steel appliances make this a special place to prepare a meal and to entertain. A huge kitchen island includes dual sinks and a ton of extra storage for all of your top-chef gadgets. Doors to the ‘Juliette balcony’ in the adjacent living room allow you to enjoy an open air feel when the weather calls for it. The master bedroom is wonderfully spacious and offers a luxurious ensuite and a walk-in closet that feels more like a dressing room. You’re going to love it. Additional rooms include a second bedroom and a full guest bathroom with floor to ceiling ceramic work that looks amazing and is so easy to clean. The well equipped roof-top patio is a perfect spot to catch some sun, prepare a barbecue, or enjoy the stars over a glass of wine.

Interested parties should contact Lyndon Neher at 306-380-9090 for details and showing arrangements.

Last year, TeamFisher.com hosted 334,888 user sessions. Those users viewed 1,594,672 listings while they were here providing our sellers with prime exposure. If you have a home to sell, we’d be happy to represent you and prominently display your home here.

A new listing at 104 Brookside Drive, Warman, SK

Welcome to 104 Brookside Drive in Warman, Saskatchewan.

Offered at $635,000 MLS®

View full listing detailshere.

When they said, “Location is everything,” this is exactly the kind of place they had in mind. Naturally, when one invests in a home of this calibre, with a walkout basement, an abundance of quality features and high-end appointments are expected. They’re all here. Heated basement floor, heated garage floor, heated ceramic tile flooring on the main, one awesome home automation system, and a host of features designed to make maintenance and upkeep a breeze. It’s simply gorgeous with everything required for comfortable luxurious living. Best of all, this lakeside home is perfectly positioned to take full advantage of an expansive view clear across the park and the lake. Enjoy this amazing view from the living room, kitchen, the master bedroom and most of the lower level, or take it in from outside on your covered deck, accessible from the kitchen, and the stamped concrete patio off the lower level family room. The massive yard is beautifully landscaped and a real pleasure to spend time in. Welcome the new day with a peaceful and private breakfast on the deck, or better yet, snuggle up and enjoy your favourite glass of wine as you watch the sun go down. Come see for yourself today.

Interested parties should contact Lyndon Neher at 306-380-9090 for details and showing arrangements.

Last year, TeamFisher.com hosted 334,888 user sessions. Those users viewed 1,594,672 listings while they were here providing our sellers with prime exposure. If you have a home to sell, we’d be happy to represent you and prominently display your home here.

Real estate apps for Google Glass will change the way you see housing

Check this new application for Google Glass, created by a U.S. home search site, Trulia. The app notifies users when they’re near a home that matches their pre-selected home search criteria. It can read written descriptions aloud and allows house hunters to flip through images of the home with a simple swipe on the side of the internet enabled device. If you like the look of what you see, call up some directions and stroll on over. Naturally, the application can quickly connect you to the seller’s agent by phone or email for answers to your questions or to schedule a viewing.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Our Saskatoon home search tool offers MLS® listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate

CREA members approve consent agreement negotiated with Competition Bureau

This morning, representatives from nearly 100 member real estate boards across Canada voted to ratify a consent agreement negotiated with Canada’s Competition Commissioner at a general assembly meeting of the Canadian Real Estate Association (CREA) in St. John’s, NL.

Previously approved by CREA’s board of directors, subject to ratification of the national real estate association’s member real estate boards, the consent agreement makes it crystal clear that CREA and its member boards have no business dictating service levels for MLS® listings. Brokerages may opt to offer service levels that range from a “mere posting” where the brokerage’s responsibility would be limited to data verification and entry in the MLS® system, to a full slate of additional services which include showing the property, marketing and negotiation of purchase contracts.

CREA has always maintained that their MLS® rules do not prohibit brokers from negotiating limited service agreements with property sellers. One MLS® rule that did exist when the investigation began prohibited “mere postings.” The association has always maintained that the intention of this rule was only to keep members responsible for the accuracy of MLS® data in order to maintain the integrity of the MLS®, and that all other services were negotiable. In their initial response to the Bureau’s allegation that CREA’s rules were developed to prevent limited service models, CREA cited several examples of brokerages that were offering limited services, including MLS® listings for under $200.

Precise details of the agreement have been kept under wraps on the understanding that litigation before a Competition Tribunal scheduled for April of 2011 would proceed if the CREA membership voted against the ratification of the agreement. A full copy of the agreement which is immediately effective, and in effect for ten years, will be available on the Competition Bureau website as soon as it is registered with the Tribunal.

Memorandums released by CREA and member boards after the agreement was struck have not provided a great detail of detail, except for a few points of clarification in answer to erroneous news reports. In those memos, CREA has made the following points:

  • The agreement would not allow public access to MLS® systems. Sellers wishing to utilize the MLS® would still need to access it through a REALTOR®.
  • The agreement would not require brokerages to adopt limited service models.
  • That an offer of compensation to buyer’s agents would be required for inclusion of a property on an MLS® system.
  • That real estate brokerages would continue to be responsible for the accuracy of the data entered into an MLS® system.

In a memo to the membership of the Saskatoon Region Association of REALTORS® emailed shortly after the vote, executive officer Harry Janzen had this to say about the impact of this agreement on the Saskatoon real estate industry and consumers who utilize services offered by members.

The Saskatoon Region Association of REALTORS® has always been a progressive association in its delivery of services to its members and in turn, the consumer. In the mid 1980s Saskatoon saw the first of what was then viewed as an alternative business model.

Since that time, several brokers have chosen to offer services that assist sellers who prefer less than full service in the marketing of their property. The REALTOR® community in Saskatoon and area will continue to offer marketing services that philosophically align with their belief on how to best serve today’s consumer.

Consumers need to be aware that regardless of the service level they choose to receive from a REALTOR®, the REALTOR® must still comply with provincial law and the industry’s regulatory body the Saskatchewan Real Estate Commission. Two examples of Saskatchewan requirements are: An agency relationship must exist between the REALTOR® and the Seller based on the services chosen. Another example is REALTORS® are still responsible to verify the accuracy of MLS® data to ensure association MLS® system data integrity.

Given Saskatoon’s experience and history with alternative business models, approval of the consent agreement simply means business as usual for both REALTORS® and consumers.

Only time will tell the true impact of this agreement, but one thing is for sure; this REALTOR® is happy to see the end of this ugly battle, regardless of where it goes. I believe in free markets and competition. Availability of the broadest possible range of services is good for consumers and for real estate practitioners alike.

CREA President Georges Pahud comments on the agreement here.
Final agreement paves way for more competition in Canada’s real estate market: Competition Bureau
Read also: Canada’s Competition Bureau concludes CREA’s rules are anti-competitive
Read also: MLS rules and CREA headed for Competition Tribunal

Update: A copy of the consent agreement between CREA and the Bureau is here.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Our Saskatoon home search tool offers MLS® listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher

Royal LePage Saskatoon Real Estate

Is your real estate agent about to sell you out?

The Multiple Listing Service® is a system that real estate brokerages use to share information with each other about properties that are for sale. It provides us with opportunities to quickly share details about our listings with all local agents who participate and it also provides us with a large inventory of homes that we can introduce our buyer clients to.

One of the characteristics of an MLS® listing is an “offer of compensation.” The listing brokerage agrees to share the negotiated commission with any other brokerage that might bring a buyer who agrees to purchase the property. That offer of compensation is published with the listing data on the member based MLS® system.  In most cases, the compensation offered gets lower as the price of the home goes up. Most commonly, we’ll see something like what you see below.

3% on the first $100,000, 2% on the second $100,000 and 1% on the balance of the sale price.

Recently, I noticed an MLS listing priced at $399,900 with the following compensation offer.

0% on the first $350,000, 25% on the next $50,000 and 3% on the balance of the sale price.

If you were about to make an offer on this house would you want to know that your agent could be earning nearly two times the commission available on most listings in this price range? Would you want to know that your agent would earn an extra $250 for every additional $1,000 you agreed to pay?

Should you be entitled to full disclosure on this extraordinary and unusual compensation offer?

I think most buyers would want to know and I’m also of the opinion that they’d be entitled to know. Don’t be afraid to ask your buyer’s agent how he or she is paid and instruct them to advise you if you’re about to make an offer on a property that has any selling incentives or extraordinary compensation offers available on it. Better yet, understand that you’re really paying the fee and agree up front on how much it will be.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Real estate geeks can follow our daily updates on Twitter @norm_fisher.

Our Saskatoon home search tool offers MLS listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate