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Closed bidding could be costing homebuyers money and opportunity for inspections, advocates say

Non-transparent bidding, also referred to as closed bidding or “blind bidding,” is the practice of putting an offer in on a home without knowledge of what others have bid. It typically only happens during sellers markets when a home attracts multiple offers.
British Columbia Christy Leniado Michael Geller Bc Financial Services Authority Bc Real Estate Association Services Authority
Source: cbc.ca

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