Home buyers and sellers in a recent survey done last October by Real Estate Council of Ontario, said how they would have done things differently.
Home Buyers That Would Have Done Things Different
41% of homeowners in Ontario and 45% of first-time home buyers actually said they would have done something differently.
WHAT IS MULTIPLE REPRESENTATION?
Multiple Representation in real estate is when the Brokerage/listing sales rep. sells the home of their client, to a buyer that is also their client. For a buyer to become a client of the brokerage, they must sign a Buyer Representation Agreement. So now you are representing two clients and all the rules and regulations in regards to this is now in affect. If you get the buyer to sign Buyer Customer Agreement, then this is not multiple representation.
The terms “client” and “customer”, have legal ramifications set out in the Real Estate and Business Brokers Act, 2002 (REBBA, 2002), administered by Real Estate Council of Ontario (RECO)
In short, as registered sales representatives, the information we provide and the things we say is based on whether we are dealing