North Shore of Lake Superior Real Estate…. 
CHRIS 
JOUBERT
Sales Representative

Chris Joubert


Sales Representative

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(807) 824-2000

Chris@chrisjoubert.ca

990 Plan

Thunder Bay

990 Plan

Working with a REALTOR®

The Agency Relationship

When working with a REALTOR®, it is important to understand for whom the REALTOR® works and to whom he or she is legally obligated. REALTORS are obliged to disclose in writing to all parties their agency position in a transaction.

A REALTOR® may be your agent - if you have clearly established an agency relationship with that REALTOR®. But often, you may assume such an obligation exists when it does not.

REALTORS believe it is important that the people they work with understand when an agency relationship exists and when it does not - and to understand what that means.

In real estate, there are 3 different possible forms of agency relationships: Seller's Agency, Buyer's Agency & Dual Agency.

1.Seller's Agent
When a real estate company is a "Seller's agent," it must do what is best for the Seller of a property.
A Seller's agent must tell the Seller anything known about a Buyer. For instance, if a Seller's agent knows a Buyer is willing to offer more for a property, that information must be shared with the Seller. Confidences a Seller shares with a Seller's agent must be kept confidential.

A Buyer can expect fair service and disclosure of pertinent information about a property. Nothing will be misrepresented about a property. All questions will be answered honestly.

2. Buyer’s Agent

A real estate company acting as a
"Buyer's agent" must do what is best for the Buyer. A written contract establishes Buyer agency. It also explains services the REALTOR® will provide, spells out who will pay and specifies what obligations a Buyer may have. Typically, Buyers will be obliged to work exclusively with that REALTOR® for a period of time.

A REALTOR® working for a Buyer will keep information about the Buyer confidential from the Seller.

3. Dual Agent

Occasionally a real estate company and its sales representative will be the agent of both the Buyer and Seller. Under this "dual agency" arrangement, the REALTOR® must do what is best for both the Seller and Buyer and strict procedures must be followed. A REALTOR® can be a dual agent only if both the Buyer and Seller agree in writing. Ask your REALTOR® for more specific details.

WHO PAYS?

Usually, the REALTOR® will be paid from the proceeds of the sale. The listing agreement states the REALTOR's fee.

I work as a Buyers representative or Dual representative (properties I have listed)- Call and we can discuss your needs