Real Estate News - Part 3

By: Matthew Watt  09-12-2011
Keywords: Real Estate

When it comes to just about every kind of contract, signing on the dotted line makes us all a little bit nervous.

When selling a home, most people are aware they sign a Listing Agreement with a REALTOR®. There is, however, an agreement that REALTORS® ask their home-buying clients to sign. It’s an agreement that works in favour of buyers, guaranteeing the very best in real estate service.

The Real Estate Council of Ontario (RECO), a public agency formed to protect consumers and regulate the industry, introduced guiding principles mandating that REALTORS® ask their clients to sign a Written Representation Agreement at the earliest possible time.

When choosing representation, homebuyers have the option to sign either a Buyer Representation Agreement or a Buyer Customer Service Agreement.

The Buyer Representation Agreement signifies that for a designated period of time, the buyer has engaged a specific REALTOR® firm to work exclusively on his or her behalf at finding a property. The agreement confirms the REALTOR®’s commitment to make his or her best efforts for the buyer.

Keywords: Real Estate

Other news and updates from Matthew Watt


Real Estate News - Part 4

How do you space the gap between paying off your current mortgage, coming up with a down payment for the new house and securing the mortgage on that house as well. You must take advantage of some financial instrument to help you transition from the old mortgage to the new mortgage. You are ready to move to a bigger house, but you are confronted by the finance problem. A mortgage bridge loan provides the answer to your problem.


Real Estate News - Part 2

E., with its small, old-school retailers and smattering of bars and eateries, “doesn’t really provide the link it can.. Niomey Massey thinks that the stretch of Eglinton between Yonge and Mt. Pleasant could use a bit of livening up. By contrast, she notes, Eglinton Ave.