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Today's realtors work for buyers as well as sellers. Once you retain us as your realtor, we owe you a fiduciary duty under the law. By law we agents are
responsible for protecting your best interests.
Here is the form of agency relationship as defined by the Ontario Real Estate Association (OREA):
Here is the form of agency relationship as defined by the Ontario Real Estate Association (OREA):
A BUYER'S AGENT:
A real estate company acting as buyer's agent must do what is best for the buyer.
A written contract between the prospective purchaser and the realtor establishes buyer agency. It explains the services the realtor agrees to provide, spells out who will pay commissions and specifies any obligations a purchaser may have. Typically a buyer will work exclusively with that realtor for a specific period, as cited in their contract.
A realtor working for a buyer must keep information about the buyer confidential from the seller.
We will ask you as buyer to sign a buyer's agency agreement if you wish to have us act as your agent. By law we must have it when presenting any offer to purchase a home.
A real estate company acting as buyer's agent must do what is best for the buyer.
A written contract between the prospective purchaser and the realtor establishes buyer agency. It explains the services the realtor agrees to provide, spells out who will pay commissions and specifies any obligations a purchaser may have. Typically a buyer will work exclusively with that realtor for a specific period, as cited in their contract.
A realtor working for a buyer must keep information about the buyer confidential from the seller.
We will ask you as buyer to sign a buyer's agency agreement if you wish to have us act as your agent. By law we must have it when presenting any offer to purchase a home.
Imre Nagy & Barbara Armstrong, Sales Representatives
Office: (24hr) 416-921-1112 barb.imre@sympatico.ca
Royal LePage Real Estate Services Ltd., Brokerage
55 St. Clair Ave. W. Toronto, ON M4V 2Y7
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