Agency in Ottawa Real Estate

In Real Estate, there are different possible forms of agency relationships - it is important to know who's working for you!

1. Seller representation / LISTING AGREEMENT
When a real estate brokerage represents a seller, it must do what is best for the seller of a property. It also explains services the brokerage will provide, establishes a fee arrangement for the REALTOR®'s services and specifies what obligations a seller may have. Confidences a seller shares with a seller's agent must be kept confidential from potential buyers and others. A buyer working with a seller's agent can expect fair and honest service from the seller's agent and disclosure of pertinent information about the property.

2. Buyer representation / BUYER REPRESENTATION AGREEMENT
A real estate brokerage representing a buyer must do what is best for the buyer. Typically, buyers will be obliged to work exclusively with that brokerage for a period of time. Confidences a buyer shares with the buyer's agent must be kept confidential. Although confidential information about the buyer cannot be disclosed, a seller working with a buyer's agent can expect to be treated fairly and honestly.

3. Multiple representation
Occasionally a real estate brokerage will represent both the buyer and the seller.
The buyer and seller must consent to this arrangement in writing. Under this
multiple representation arrangement, the brokerage must do what is best for both
the buyer and the seller.

4. Customer service
A real estate brokerage may provide services to buyers and sellers without
creating buyer or seller representation. This is called "customer service."
Under this arrangement, the brokerage can provide many valuable services in a
fair and honest manner. This relationship can be set out in a buyer or seller
customer service agreement.

Understanding who is working for you can help you have a positive and successful Real Estate experience. Call me today for honest service from a unique point of view! (613) 859-0809 or visit www.christianelafleur.com to start your home search!