Buyers agency

BUYER AGENCY AND BUYER AGENCY AGREEMENTS

What does it mean to YOU.

 

Effective Jan 2000, The Real Estate Council of Ontario, in their new Code of Ethics, When you have your own loyal agent to represent you, the agent can spend the time and effort necessary to truly learn and understand what your wants and needs are. Your agent will be better equipped to search out properties that most closely meet your needs, thereby saving you considerable time aggravation and yes even money.  made it mandatory for all Real Estate Agents in Ontario to enter into Written Representation Agreements (both with Sellers and Buyers) at the earliest possible time. Thus BUYER AGENCY AGREEMENTS were introduced. There are

2 kinds of BUYER AGENCY AGREEMENTS - one that represents the interests of the Customer and the other that represents the interests of the Client. So what is the difference between them?  

CUSTOMER vs CLIENT – The difference is extremely important.

 

BUYER AGENCY AS A CLIENT

The Agent owes you (the client) the highest level of fiduciary duties – including competence, diligence, full disclosure, obedience, loyalty, confidentiality  and full accounting. The Agent must endeavor to protect and promote the clients best interests.

 

If a Buyer won’t agree to a Buyer Agency Agreement, then he/she can only be treated as a CUSTOMER.

BUYER AGENCY AS A CUSTOMER
The Agent must deal fairly, honestly and with Integrity and not mislead you (the Customer) about a property transaction.

WRITTEN BUYER AGENCY AGREEMENTS ARE NOW MANDATORY.

Kindly ensure that you discuss your Agency Relationship with your Re/Max Vision Realty Salesperson. We cannot stress this enough - please ensure that you understand the relationship and the duties the Salesperson owes you


If you are a Buyer and you choose not to have a Buyer Agency signed with your Buying Sales Representative - YOU ARE NOT BEING OFFERED THE FULL PROTECTION. 

 

 

IT IS IN YOUR INTEREST TO ENSURE 
YOU HAVE A SIGNED BUYER AGENCY AGREEMENT
PLAIN AND SIMPLE!

 

 

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We do not sell, share or rent this information to anyone outside without your prior approval.
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