Royal LePage Signature Realty
As both a real estate investor and an agent, Michael Cormack is well aware that there are simply too many realtors working in the GTA market. “Fifty per cent of agents out there do fewer than two deals per year,” Cormack says, characterizing the overall lack of experience as “terrifying.”
“Some agents don’t know the difference between a fixture or chattel, or don’t know the difference between laminate and hardwood flooring,” he says. “In every deal I do, I purposely put something wrong in the deal to see if they catch it – 99% of the time, they don’t.”
As more agents enter the pre-construction space – Cormack’s specialty – competition is becoming fierce. But his sterling reputation and enduring relationships with builders should keep him ahead of a rapidly growing pack.