Your buyer agent is working for you! In Nova Scotia we have Buyer agency referred to as a client relationship. Entering into a Buyers Designated Brokerage Agreement does not obligate you to purchase a home. It establishes an agency relationship between you (the buyer(s) and
your realtor.
An agency relationship consists of the fiduciary duties of: Disclosure, Competence, Confidentiality, Obedience, Loyalty an Accountability. The seller’s agent is working to get the most money on the best terms for the seller so doesn’t it make sense you would want the same. This is the largest purchase of your life at this time, make sure you are comfortable with your agent.
WHY HOME BUYERS NEED A REAL ES UYERS NEED A REAL ESTATE AGENT
Ah, not so fast, friend. The reasons to use a real estate agent today are as valid as yesterday. The ease of online transactions and proliferation of services to assist buyers in handling their own real estate transactions came about recently, throughout the last decade. This has caused buyers to wonder if using a real estate agent is no longer necessary or if it's an expense that can be avoided. While doing the work yourself can save you money if you buy a “For Sale By Owner” (FSBO) house and the seller agrees to reduce the price by 2% (half of what a listing agent would receive), for many, a do-it-yourself home purchase might be pricier than a real estate agent’s commission in the long run. Besides, a buyer generally doesn’t directly pay any commission to an agent on a house purchase. On most home sales, there is a listing agent (the agent engaged by the seller to
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