An Agency Contract, ensures that the Realtor is working exclusively for the buyer and providing loyalty, confidentiality, full disclosure and negotiates on your behalf. A Realtor who does not represent the buyer is not bound to perform the above duties. The Realtor works with you to find and evaluate the properties that you view and prepares a market study to determine the value in the marketplace. In order for us to “trade” in real estate, it is mandatory that either there be a Buyer Representation Agreement or a Buyer Customer Service Agreement in place.
An Explanation of Buyer Representation vs. Buyer Customer Service
Buyer Customer Service
The brokerage’s allegiance is to whomever is under contract.
To verify the above or for additional information contact the Real Estate Council of Ontario (RECO) at 1-800-245-6910 or firstname.lastname@example.org
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