shadow flipping
n. The practice of a real estate agent selling a house and then reselling the contract one or more times before finalizing the deal.
Some Metro Vancouver real estate agents have allegedly been involved in "shadow flipping," or selling a property multiple times before a closing date. As a result, the final price rises by hundreds of thousands and the agent collects commission on each sale.
—Laura Kane, “B.C. premier tells real estate industry to act on allegations facing some agents,” The Vancouver Sun, February 09, 2016
Earlier on Monday the B.C. NDP's housing critic called for an inquiry into Metro Vancouver's real estate market over the technique known as shadow flipping, under which sales contracts are reassigned, in some instances multiple times, before the sale of a home is closed.
The move comes in response to an investigation by the Globe and Mail which found rampant use of so-called shadow flipping by realtors in the Vancouver market.
2016 (earliest)
—Kathy Tomlinson, “Shadow Flipping,” The Globe and Mail, February 06, 2016
Shadow flipping is also known as dark flipping. Also, the "Shadow Flipping" title in the earliest citation only appeared in the print edition, as shown below.
A portion of the print edition front page of The Globe and Mail, February 6, 2016.
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