Buyer Representation

What is Buyer Representation?

It is a legal concept designed to protect the consumer. It defines the buyer relationship the consumer can have with the Brokerage and the duties and obligations of the relationship. The relationship is established through the actions of the REALTOR® or by contract. Once a buyer relationship is established the consumer becomes a client. As a buyer you do have a choice. You can be treated as a customer or a client? Most buyers choose to be a client, it doesn’t cost any more.

Client vs. Customer

Client

  • Arrange property showings
  • Assist with financing
  • Provide accurate information
  • Explain forms and agreements
  • Evaluate property
  • Give advice and counsel
  • Keep bargaining and financial position confidential
  • Negotiate best price and terms
  • Point out reasons not to buy
  • Plus a host of other personal services

Customer

  • Arrange property Showings
  • Assist with financing
  • Provide accurate Information
  • Explain forms and agreements

Multiple Representation

Often, the same Real Estate Brokerage (ie. Re/Max Hallmark Chay) will represent both the buyer and the seller, or two or more buyers. This relationship is defined as Multiple Representation. In order to avoid any conflict of interest with regards to full disclosure and confidentiality, your right to maintaining your confidentiality is kept intact, however, your right to full disclosure of financing and motivation of the seller or other parties is waived in these circumstances. Also, your right to be provided with comparable sales information is maintained, however, your right to advise on pricing is waived.

How does a Buyer Representative get paid?

As a general rule, the Buyer’s representative is financially compensated through the real estate transaction. The Listing Broker agrees to pay the Buyer Broker an agreed upon amount as stated in the property MLS® listing. If the property listing is a For Sale by Owner, or the property listing is offering less than the contracted fee in the Buyer Representation Agreement, then the Broker/Sales Person will inform the buyer in advance. In most cases, the fee can usually be captured as Buyer credit on closing for their commitment under a Buyer Representation agreement. This way the REALTOR® is directly compensated for any deficiencies, by the Buyer, on closing through the Buyers lawyers office, in accordance with the credit negotiated in the agreement.
Representation and Commitment

In order to establish a REALTOR®-Client relationship, both parties must enter into a legal written agreement called a Buyer Representation Agreement. I like to refer to this as a mutual commitment to work together. Ask me about the agreement and my extensive services.

Contact Us

A Real Estate Agent You Can Trust

Rank My Agent

An Advanced aptitude in Resale, New Home, Investment and Relocation Services.

Barrie Chamber of Commerce

Sue MacIntyre, RE/MAX Hallmark Chay Realty Inc, Brokerage Proud Member of Barrie Chamber of Commerce.

Ontario Cottage REALTORS®

Refer Up North (RUN) is a Real Estate Referral Network of top performing Real Estate Professionals serving Central Ontario and Cottage Country.

Start Your Search Today

if you have Real Estate questions, I am just a click or tap away!

RE/MAX Hallmark Chay Realty, Brokerage

112 Caplan Ave, Barrie, ON (southend)
152 Bayfield St, Barrie, ON (northend)

Office: 705-722-7100
Toll Free: 866-606-2429

Sue MacIntyre, Broker & ASA

RE/MAX Hallmark Chay Realty, Brokerage

Direct: 705-727-2280
Email: suemacintyre@gmail.com

Each office independently owned and operated.