If you are preparing to sell your house....let Jean Clive represent you through a Seller's Agency Contract. In Seller's Agency, a real estate company represents only the interests of the seller.  Sellers typical hire a real estate company to sell their property by signing a "listing" agreement (now called the Exclusive Seller's Brokerage Contract).  This is the Contract which establishes the formal agency relationship between the seller and the real estate brokerage.

The Exclusive Seller's Brokerage Contract will explain exactly what the seller instructs the Seller's Brokerage to do, what services the Seller's Brokerage will provide to the seller, who will pay for those services and what obligations the seller will have.

A Seller's Brokerage is expected to:

• obey the seller's instructions on the Exclusive Seller's Brokerage Contract;
• represent the seller's best interests;
• fully disclose known facts which might influence the seller's decisions;
• maintain the confidentiality of personal and financial information discussed with the seller even after the Exclusive Seller's Brokerage Contract expires;
• obey all lawful instructions of the seller;
• exercise reasonable care and diligence.

   In Saskatchewan, realtors practice three difference 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 fits 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 from the Agency Disclosure Brochure-approved by the Saskatchewan Real Estate Association.)

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