AGENCY?  What’s That? 

 

All I want to do is see properties!

Effective January 1, 1995 , Real Estate Brokers and Sales Representatives are required as members of the Canadian Real Estate Association, Ontario Real Estate Association and the Muskoka/Haliburton Association of Realtors (our Real Estate Board)  to disclose the nature of their Agency relationship to both buyers and sellers with written acknowledgement.  Agency disclosure insures that the law is clearly understood by the public and what it means to be represented as a client versus a customer.

Traditionally, Real Estate Brokers in Ontario represent the Seller as a client in a transaction.  Consequently, they owe fiduciary responsibilities of loyalty, obedience, confidentiality, disclosure and reasonable care and diligence to their client.  Our primary duty is to protect and promote the interests of that Seller.

At the same time, certain duties are owed to the Buyer as a customer.  These include:  fairness, honesty, the legal duty not to misrepresent and to exercise care when answering inquiries or giving advice.

The customers of Re/Max North Country Realty Inc (brokerage) are offered a range of services including assistance regarding market information, property selection, offer negotiation, drafting agreements, financing and much more.  These services are designed to assist our customers while ultimately promoting the interests of Sellers selling their properties.

If a Buyer wishes to be represented on a client basis, our company would be pleased to do so under a separate contract. 

In our client relationship with you, from our first meeting to the completion of offers, we shall disclose and serve you in the most ethical manner possible.  Our job is to bring together willing Sellers and willing Buyers in successful real estate transactions. 

Dual Agency

In a “dual agency” arrangement, the REALTOR must do what is best for both the seller and buyer.

A dual agent must fully disclose information  to both the buyer and seller. No information will be confidential, other than outlined in the Buyer Contract, and the Listing Contract with the Seller.

If we represent you as a seller and another agency brings an offer, then we are not in a dual agency situation, we work for you, and, the other agent works for them.  If we represent you as our buyer client, the opposite is true, the listing agent represents the seller and works in their best interest, while we work in yours as the buyer.|

When we take a listing, if you as the seller, do not allow us to work as a dual agent, then in reality we have to send all of our buyers away to another agency.  In this case, there is no point in us doing any advertising whatsoever, as our goal and yours, is to find a buyer.  All of our sellers allow us to act as dual agents, and we are very successful in finding buyers for our sellers.  The same is true if you become a buyer client.  Without allowing us to act as a dual agent, then we could not sell you any or our Company listings.  That scenario would mean that should you like one of our company listings, we would have to send you to another agency. Not a proper solution either. All of our buyers allow us to act as dual agents.

Thank you for choosing Re/Max North Country Realty Inc.* (brokerage), and we look forward to a "client"  relationship with you as well.

Ken Mashinter(Broker) 

View the Document Required for Signing when working with a Realtor. (actually it IS called 'Working With A Realtor')

(* independently owned and operated)

AGENCY?  What’s That? 

 

All I want to do is see properties!

Effective January 1, 1995 , Real Estate Brokers and Sales Representatives are required as members of the Canadian Real Estate Association, Ontario Real Estate Association and the Muskoka/Haliburton Association of Realtors (our Real Estate Board)  to disclose the nature of their Agency relationship to both buyers and sellers with written acknowledgement.  Agency disclosure insures that the law is clearly understood by the public and what it means to be represented as a client versus a customer.

Traditionally, Real Estate Brokers in Ontario represent the Seller as a client in a transaction.  Consequently, they owe fiduciary responsibilities of loyalty, obedience, confidentiality, disclosure and reasonable care and diligence to their client.  Our primary duty is to protect and promote the interests of that Seller.

At the same time, certain duties are owed to the Buyer as a customer.  These include:  fairness, honesty, the legal duty not to misrepresent and to exercise care when answering inquiries or giving advice.

The customers of Re/Max North Country Realty Inc (brokerage) are offered a range of services including assistance regarding market information, property selection, offer negotiation, drafting agreements, financing and much more.  These services are designed to assist our customers while ultimately promoting the interests of Sellers selling their properties.

If a Buyer wishes to be represented on a client basis, our company would be pleased to do so under a separate contract. 

In our client relationship with you, from our first meeting to the completion of offers, we shall disclose and serve you in the most ethical manner possible.  Our job is to bring together willing Sellers and willing Buyers in successful real estate transactions. 

Dual Agency

In a “dual agency” arrangement, the REALTOR must do what is best for both the seller and buyer.

A dual agent must fully disclose information  to both the buyer and seller. No information will be confidential, other than outlined in the Buyer Contract, and the Listing Contract with the Seller.

If we represent you as a seller and another agency brings an offer, then we are not in a dual agency situation, we work for you, and, the other agent works for them.  If we represent you as our buyer client, the opposite is true, the listing agent represents the seller and works in their best interest, while we work in yours as the buyer.|

When we take a listing, if you as the seller, do not allow us to work as a dual agent, then in reality we have to send all of our buyers away to another agency.  In this case, there is no point in us doing any advertising whatsoever, as our goal and yours, is to find a buyer.  All of our sellers allow us to act as dual agents, and we are very successful in finding buyers for our sellers.  The same is true if you become a buyer client.  Without allowing us to act as a dual agent, then we could not sell you any or our Company listings.  That scenario would mean that should you like one of our company listings, we would have to send you to another agency. Not a proper solution either. All of our buyers allow us to act as dual agents.

Thank you for choosing Re/Max North Country Realty Inc.* (brokerage), and we look forward to a "client"  relationship with you as well.

Ken Mashinter(Broker) 

View the Document Required for Signing when working with a Realtor. (actually it IS called 'Working With A Realtor')

(* independently owned and operated)