SANDRA'S BLOG

What’s the deal with a Buyer Representation Agreement?

If you are working with a real estate agent to buy a property, (and why wouldn’t you??) you may have been asked to sign a contract. You may not though. In Ontario, the realtor must present the contract to you before you sign an offer, and many do just that, ask you to sign it with all the other documents at offer time and you may not understand what you’re signing.

That is not the way it was designed to be used. The BRA in Ontario is designed to protect the client and the realtor. Here’s how:

By signing you become a client, not just a customer.  A customer gets honesty from the realtor, but not their opinion. For example, if you ask what the property is worth, the realtor has to tell you the list price and cannot comment on what he or she thinks the value is. Why? because they are actually working for the seller even if they’ve never met. But as a client after you’ve signed the BRA the realtor has to work for you at a higher level. They owe you fiduciary obligations, and have to perform due diligence on your behalf, and you don’t even need to ask the questions, the realtor is supposed to do the thinking for you.

So as a customer without a BRA you are in a buyer beware situation but as a client with a BRA you have a realtor truly working on your behalf.

So let me ask you, don’t you want to know who your realtor is working for? If so, Sign a BRA and pay attention to the duration of the contract (let’s say a month or two) and the commission clause. Then go out shopping with your realtor and receive the benefit of their knowledge and expertise. 

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Sandra Rinomato is simply THE BEST agent anyone could ask for. We are blessed that she was so available, so helpful and so understanding of what we wanted and needed. Call Sandra. You cannot lose.

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SANDRA RINOMATO PROPERTIES

1984 Bloor Street West
Toronto, ON   M6P 3K9


Office 416-565-3001
Direct 647-725-0191

Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 9/21/2018 6:37:24 PM