Assignment Units: The Pros and Cons!

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TheRedPin.com is the largest database of residential real estate in the GTA. TheRedPin is the only source to bring all new condos and MLS® listings under one umbrella to create a database nearly 1.6 times larger than the MLS® itself. Through TheRedPin.com, homebuyers can now expect direct access to up to date information on all of the GTA's resale listings with far more data than they could anywhere else.

* TheRedPin.com Realty Inc. offers homebuyers a 25% of our commission cashback incentive on new homes purchased through our brokerage. You can qualify for this incentive if you are purchasing a resale property or a new condo, the latter being sold by the developer and purchased after the public opening date announced by the developer (also known as post VIP phase). We use the following formula to calculate your 25% of our commission cash-back incentive: (Unit's Purchase Price - HST) * 1% (25% of a maximum of 4% offered by builder) [eg. ($400,000 - $21,933) * 1% = $3,780]. In some cases net of parking and/or locker prices are also included. The cash-back will be paid out by TheRedPin.com Realty Inc. to the name registered on the agreement of purchase and sale, upon receipt of final payment from the builder of remaining commissions after the unit transfer date.

For resale transactions cash back must be disclosed to both parties of the transaction, recipient of the cash back must be party to a transaction, based on a minimum of 1.5% offered to the co-operating brokerage, and cash back will be paid from TheRedPin.com Realty Inc. within 10 business days of successful completion of the transaction.

** VIP launch dates are according to builder's latest announcement of VIP Broker Event. A 'coming soon' status indicates that the builder has not yet announced the VIP Broker Event. Please note that all prices are subject to change. Check with a representative to confirm the latest prices.

* numbers according to supply may vary.

The MLS® listing information presented in TheRedPin's VOW system is deemed reliable but is not guaranteed accurate by TheRedPin.com Realty Inc. or TREB.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

MLS®, Multiple Listing Service®, and the associated logos are all registered certification marks owned by CREA and are used to identify real estate services provided by brokers and salespersons who are members of CREA.

REALTOR®, REALTORS® and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc., a corporation jointly owned by the National Association of REALTORS® and The Canadian Real Estate Association. The REALTOR® trade marks are used to identify real estate services provided by brokers and salespersons who are members of CREA and who accept and respect a strict Code of Ethics, and are required to meet consistent professional standards of business practice which is the consumer's assurance of integrity.