I think this wasn't as big a thing a decade ago, and most people don't understand the implications of what it means. In the GTA (greater Toronto area), it is be

I think this wasn't as big a thing a decade ago, and most people don't understand the implications of what it means. In the GTA (greater Toronto area), it is being done universally .. nearly every home goes over asking. From the buyers perspective, it means you need to have a great agent who is able to give you a fair assessment for the current market price of the home. This is really not easy when in a crazy market where prices rise all the time. This has a simple fix btw. Just cap the listing realtors commission based on their listing price. The problem gets solved overnight.