"Good service doesn't cost...it PAYS !"

Buying A Home

Buying a home is likely the most expensive purchase anyone ever makes.  As a consumer, how often do you buy a new home?  Once, twice, three times in your lifetime ?  Purchasing real estate is a complex and major transaction with many challenging financial implications.

In the majority of cases, an agent will represent the seller.  Wouldn't you want to have complete and fair representation in the real estate transaction ?  I can show you ANY property for sale by another realtor and in many cases, properties "FOR SALE BY OWNER"; additionally, all new homes by any builder .

The real estate buyer agent (Buyer Broker) is responsible to protect their client's best interest.  My Preferred Buyer Programme can assist you with your most important purchase - your next home.

The Real Estate Council of Ontario (RECO) is the governing body which sets enforceable standards of conduct for every salesperson and broker licensed under the Real Estate and Business Brokers Act in Ontario.  On May 20, 1999, RECO implemented a new Code of Ethics to be complied with by every licensed Realtor in Ontario.

The Different Forms of Agency Relationships:

1. Sellers Agent When a real estate company is a "Seller's Agent", it must do what is best for the Seller of a property.  A Seller's Agent must tell the Seller anything known about a Buyer.  For instance, if a Seller's Agent knows a buyer is willing to offer more for a property, that information must be shared with the Seller.  However, confidences a Seller shares with the Seller's agent is to the Seller, a buyer can expect fair service and disclosure of pertinent information about a property; nothing will be misrepresented about a property and all questions will be answered honestly by the Seller's Agent.

2. Buyer's Agent A real estate company acting as a "Buyer's Agent" must do what is best for the Buyer.  A written contact establishes Buyer agency.  It also explains services the Realtor will provide, spells out who will pay and specifies what obligations a Buyer may have.  Typically, Buyers will be obliged to work exclusively with that Realtor for a period of time.  a Realtor working for a Buyer will keep information about the Buyer confidential from the Seller.

3. Dual Agent Occasionally a real estate company will be the Agent of both the Buyer and Seller (A buyer whom it represents wants to buy a property listed with the same company.) Under this "Dual Agency" arrangement,  the Realtor must do what is best for both the Seller and buyer.  A dual Agent must fully disclose information to both the Buyer and Seller.  No information will be confidential.   A Realtor can be a Dual Agent only if both the Buyer and Seller agree by signing a standard OREA Confirmation of Co-operation and Representation form.

Who Pays ?

Usually, the Realtor will be paid BY THE SELLER from the proceeds of the sale, regardless of the form of agency which applies.  The listing agreement states the selling Realtor's fee to be paid by the SELLER.

Note

It may appear that the Realtor working with a buyer is working for that Buyer in an agency relationship, but that is not necessarily the case.  Unless the Buyer has signed a Buyer Agency Agreement with the Broker, the Buyer does not have representation.  The agent working with them is deemed to be working the the Seller, and while a Seller's Agent can provide many valuable services to a buyer, he or she must ultimately do what is best for the Seller.

MORE DETAILED INFORMATION

If you are interested in buying a   home/property, please complete the following no obligation form.

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