If you are preparing to buy your first home, second home... let Jean Clive represent you through a Buyer's Agency Contract. 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 Realtor 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 Realtor to:

  • obey the buyer's instructions in the Exclusive Buyer's Brokerage Contract;
  • represent the buyer's best interest;
  • ully disclose known facts which might influence the buyer's decision;
  • maintain the confidentiality of personal and financial information discussed with the buyer even after the Exclusive Buyer's Brokerage Contract expires;
  • obey all lawful instructions of the the buyer;
  • exercise reasonable care and diligence.

In Saskatchewan, realtors practice three different forms of agency:  Seller's Agency, Buyer's Agency and Limited Dual Agency. 

As a member of the public, you are probably familiar with working with individual realtors. However, the agency relationship is actually between you and the realtor's brokerage. This brokerage is the real estate company, its branch offices and all of its salespeople. Therefore, when you hire your realtor, the law of agency says that you hire the entire brokerage.

Through your agency relationship with a realtor, you can expect service which is loyal to your interests, obedient to your instructions, confidential, accountable, honest and forthcoming when dealing with you and others." (Information provided from the Agency Disclosure Brochure-approved by the Saskatchewan Real Estate Association).

Should your plans and purposes require a "Buyer's Agency Contract" call: Jean Clive, Real Estate Consultant with RE/MAX Crown Real Estate Ltd., Regina, Saskatchewan at 537-3300 or toll free at 866-642-5483.

 

 
   
     
 
 
 

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