Why Sign a Buyer Representation Agreement?

The Real Estate Council of Ontario (RECO), a public agency that was formed to protect consumers and a governing body that regulates the industry, introduced guiding principles stating that REALTORS ask their clients to sign a written representation agreement at the earliest possible time. By signing a Buyer Representation Agreement (B.R.A.) the client and the REALTOR are documenting the formation of a professional relationship. This agreement ensures that the relationship being created will be one of confidence and trust between both parties. With a clearly defined relationship your REALTOR is able to customize the services and tools to suit your buying needs. The B.R.A. will reassure the client that their REALTOR is dedicated to finding the right property for them, negotiating on their behalf and always putting their client’s interests as a top priority.

When working with a good buyer’s agent, clients can rest assured that they will receive expert and professional advice. Clients will gain access to any information that REALTORS would have access to such as assessment information, property taxes, room measurements, surveys and inspection reports etc.

New to Buyers: Now REALTOR’s working for their Buyer can register their client’s needs and wants on the Buyer Registry Service so that selling REALTORS can see the criteria and contact the Buyers agent. This happens sometimes even before a property comes on the market and puts the client one step ahead of other home buyers. By registering with this new service, buyers have access to new listings that come on the market within a few hours of the property being listed on the MLS system. If you are on the market for a new home, remember to be smart and ask your REALTOR to sign a B.R.A today.

Sources:
http://www.torontorealestateboard.com/buying/buying_&_selling/buyer_agency.htm
http://www.brafirst.ca/#&panel1-4