Welcome to the Buyer |
|
| REALTORSŪ work within a framework of legal
principles called agency. REALTORSŪ believe that it is important that the
buying and selling public understand how an agency relationship works and when it exists. What is Agency? At law, agency is a specific relationship between two or more people. One person must authorize the other person to act on his/her behalf, and the other person must consent to do so. In other words, when you authorize a REALTORŪ to work for you in buying or selling a property and the REALTORŪ agrees, you and the REALTORŪ are in an agency relationship. As a member of the public, you are probably familiar with working with individual REALTORSŪ. However, the agency relationship is actually between you and the REALTORŪ's brokerage. The brokerage is the real estate company, its branch offices, and all of its salespeople. Therefore, when you hire your REALTORŪ, the law of agency says that you hire the entire brokerage. Buyer's Agency In Buyer''s Agency, a real estate company (brokerage) represents only the interests of the buyer. Buyer's Agency can be established by working with a REALTORŪ or by a written contract between the buyer and the brokerage called an Exclusive Buyer's Brokerage Contract. The Exclusive Buyer's Brokerage Contract will explain exactly what the buyer instructs the Buyer's Brokerage to do, what services the Buyer's Brokerage will provide to the buyer, who will pay for those services, and what obligations the buyer will have. In Buyer's Agency, it is the buyer who can expect the REALTORŪ to:
|
|
| Re/Max
Crown Real Estate Ltd. Home - Personal Profiles MLS Feature Properties - Exclusive Properties MLS Listings - Home Buying Tips - Seller Relationship Home Selling Tips - Relocating To Regina Tell Us Your Home Needs - E-mail |