The simple truth is that unless you actually hire a REALTOR®  as your "Agent" he/she is not legally working for you or representing you.

In Ontario Real Estate Agents are required by law to review with their clients and customers the written information called Working With A Real Estate Agent which describes the 3 types of agency relationships available.

Buyers Representative,  protecting the interest of Buyers and legally responsible to the Buyer. Agent is free to advise you on the best ways to negotiate, which can save you money, and will protect and promote your interests before, during and after the transaction!!

By Law Buyer Representative Owes fiduciary duties which includes:

Confidentiality
Advice
Reasonable care & diligence
Loyalty
Obedience
Accountability - for our actions
Disclosure Benefits to the Buyer:

ADVANTAGES FOR BUYER:

1. Total commitment to the Buyer
   
2. Maximum effort on their behalf
   
3. Exposure and Show entire market availability regardless of Co. affiliation.
   
4. Confidentiality
   
5. Disclosure of anything that may affect a buyer's decision
   
6. Successful and experienced negotiator on your side
   
7. Privacy for the Buyer
   
8. Strongest possible protection of the Buyer's interests
   
9. Mortgage financing assistance
   
10. Buyers will save money since we will be negotiating to protect their interests.
11. Reviewing our COMPREHENSIVE BUYERS' GUIDE.
    
12. Compiling a LIST OF NEEDS AND WANTS.
    
13. Evaluating your FINANCIAL CAPABILITIES and options.
14. Establishing our negotiating STRATEGY.
15. Providing LISTS OF EXPERTS that you may consult during processing time.
    
16. Helping you shop for and negotiate FINANCING.
    
17. Discussing the value of a SURVEY.
    
18. Reviewing all COSTS associated with buying.
    
19. Determining other ways to SAVE YOU MONEY.
    

We will extend much effort, time, expertise, loyalty and education on behalf of our buyers, once we have met and you are comfortable with the services we provide, the law requires a written Agreement to be discussed and signed.

Unless you have a written agency agreement with that salesperson, the real estate act and the law of agency obliges them to act in the best interests of the SELLE.

How much does it cost? Our compensation comes from the Commission of the Selling Agent, unless Buyer agrees to compensate for properties not listed with the Real Estate Agent.

2) SELLER Agent/Listing Agent-Protecting the interest and legally responsible to the Seller. They are legally obliged to get the best price and terms for their seller client.

3) Dual Agent-Both Agents belong to the same office

You can expect the agent to:

• Deal impartially with both the buyer and the seller.
• Disclose any physical defects of the property if known.
• Owe a duty to disclose to both the buyer and seller except...
• Will not disclose price or terms other than those in the offer.
• Will not disclose motivation unless authorized.
• Will not disclose personal information unless authorized in writing.
• In other words, they are more of a mediator, neither for nor against either party.

4) No Agency Relationship (If you have not signed Agency contract or relationship)
Your Agent cannot legally:

• recommend or suggest a price to you
• negotiate on your behalf
• inform you of the other party's top or bottom price
• disclose any confidential information about the other party unless authorized

Sellers Have Agents Working For Them...Buyers Should To!

For more advise on Buying or Selling your house call Owais Ghani at 905-858-3434                                                                                                                                                                                                                          

“Trademarks owned or controlled by The Canadian Real Estate Association. Used under licence.”