Agreement is key
Chad writes a column for the local Toronto Metro newspaper called Condo Q & A. The articles previously printed in the Metro News are reprinted below. Read on for great advice and tips on condos, lofts, and townhomes in Toronto!
Q:
Do I have to sign a buyer agency agreement when I am looking for a condo? Is there any benefit to signing this document? — Fred H., Toronto
A:
The Real Estate Council of Ontario requires realtors to disclose in writing the nature of the services they are providing. I always use a buyer agency agreement with my clients to ensure it is clearly understood what kind of representation they are receiving.I am often told by purchasers, “I don’t want to commit to you, call me when you see a great deal.” I always tell them the same thing: If I see a great deal, then I am obliged to call my own clients first and so is every other agent that has signed a buyer agency agreement with their client(s). The “great deals” and every other type of listing are almost always presented to clients that have made the choice to work with a realtor and sign a buyer agency agreement. As I have mentioned in previous columns, it is very important to do your homework before you choose a realtor; make sure you are working with one that you feel confident signing an agreement with.
Tags: condos, real estate, real estate agents, realtor, toronto
