As of July 1, 2014 it was made mandatory for all home buyers to sign a Buyer Representation Agreement with their Realtor.
How is this is a benefit to you This provides you with a clear understanding of the roles associated with the contract of service from your chosen REALTOR®. The obligations stated on the agreement that the REALTOR® will have to provide to the buyer are the following:
Look for properties that match your search criteria, until you buy a property under this agreement, or this agreement ends.
Keep you informed during the search and any resulting transaction.
Tell the seller of a property you are interested in that we are your agent.
Take reasonable steps to find and give you information about properties and transactions you are interested in.
Help you prepare an offer and negotiate favorable terms and conditions with a seller.
Help you to comply with a contract to buy a property.
Present all offers and counter-offers to and from you, even when the property is already the subject of an accepted offer.
Hold money we receive in trust, as the Real Estate Act requires.
Give you a copy of this agreement as soon as possible after signing.
By signing a Buyer Representation Agreement this will ensure that your Realtor will do a good job for you in the purchase of your home.
What this means for your Realtor? This is also good news for a Realtor as it will allow the Realtor to focus their efforts and provide their best customer service for their client knowing that there is a commitment from the buyer in place. The commitment stated on the agreement from the buyer is as follows:
Provide details of what type of property you are looking to purchase.
Communicate & cooperate with us.
Discuss any specific information you want about a property. This may include: Information the seller does not have to disclose, or Issues that may prevent you from buying a property.
Give us enough personal and financial information so we can assess your ability to buy property that matches your search criteria.
Be available to view properties promptly.
The commitment between Buyer & Realtor ensure that the home buying experience is a worry-free and enjoyable experience.
Royal LePage Noralta Real Estate Inc. Brokerage (Independently owned and operated)
3018 Calgary Trail Edmonton, AB t6j 6v4
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