Real Estate Agency Relationship – Your relationship with REALTOR is a business partnership, wherein it’s important to know the legal principles of the selling/re-selling of the property built by the company. A prospective agency relationship should be maintained with the client. The job of the realtor is to find the vendor of the property a purchaser who will then enter into yet another contract of Agreement on Purchase & sale. This form of contract is usually in a standard form prescribed by the local real estate board of Canada.
Buyers – Real Estate Agency Relationship
The bottom line in buying and selling real estate is to work with reliable professionals, real estate agents, lawyers, notaries, home inspectors, and financial institutions. Here the buyer will be provided with the choices by the REALTOR. As Real Estate Company the best should be provided to the buyer with a good explanation on Buyer Agency Agreement and during this period the buyer information would be kept confidential. REALTOR must be able to provide the best advice, price and the best information that would be helpful for the buyer to make the right decisions maintaining the law and order for the client.
Overall a fair and honest relationship is required to be maintained between the Realtor and Buyer so that fair transactions are been done on selling the property. The Realtor as to guide the buyer with the entire information required for making the deals and it’s the duty of the buyer to keep up the confidence and maintain the reliability with the REALTOR. As a customer the buyer should be able to be flexible, here the buyer would playing the role of sub-agent. Buyer relationship to the realtor.
The law and order must be updated accordingly as per the Canada Law Board and to be keen about no misplacement of any information regarding the property, company laws and other confidential matters. However, the Realtor should make certain statements clear to the Buyers on the Point of price negotiation cause that would create conflict between the buyer and the REALTOR so this part the Buyer needs to be careful and follow the rules and regulations to avoid such situations.
Sellers Relationship to REALTOR
The Company provides the best information to the seller for the property that to be sold with the rules and laws mentioned and maintained which should include a contract of selling, an agreement that includes the statements for the selling agency agreement. The company explains the services that will be provided and the fee commission for the realtors and the obligations for the seller which is a must.
The regulations that would take place between the SELLER and REALTOR must be kept confidential from the buyer to avoid the conflicts that would create misconceptions in the relationship. The REALTOR must give fledged information that is necessary to be known to the seller regarding the buyer’s offers.
The seller must know the sub-agent relationship between the REALTOR and the buyer. Remunerated with listing agreement for better enhancement with the mutual relationship in Real Estate Business.
It is very important for the company to have multiple representation agreements in the company rules & Laws which includes the responsibilities and duties of the seller and buyer so that they provide their best to the company and know their limitations with respect to the Law board.
Making the sellers and buyers understand the role play with each other and moreover with the customer and accompany in completing the sales of the company and loyalty to be provided by the company for their roles and interest towards the work completion.
So, now you can understand the importance of Buyers / Sellers and Real Estate Agency Relationship.