Wednesday, March 22, 2006

You & Realtor Agency relationships explained in Ontario

The Real Estate Council of Ontario (RECO) has always required that a seller and buyer clearly understand the nature and different types of relationships that are available to them with their broker. Under the newly rewritten Real Estate and Business Broker's Act (REBBA) that is coming out in March of 2006 this disclosure requirement is now law.

The Ontario Real Estate Association has produced an updated brochure that is called Working with a Realtor and it clarifies representation and customer service agreements and arrangements with your real estate agent. The brochure also includes a section that explains your real estate agents obligations and requirements under the Code of Ethics. The Code of Ethics was also rewritten and updated with many new sections added or modified.

I can email you a copy of this new brochure so you may improve your understanding of agency relationships and take some of the confusion out of the entire process.

Please send me more information about Agency Relationships

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