• Access to pulling titles and researching registrations. • Can provide advice on the ReSale ability of the property
It’s extremely important to know the “ins and outs” of real estate agents before you bring one along with you to help in your search for a home, just so that you might know what to expect, and what will be expected of you.
WHO A REAL ESTATE AGENT IS GENT IS
Simply put, a real estate agent is someone licensed to list and sell real estate, including homes, multi-family properties, commercial, and industrial buildings. Most Provinces in Canada have a governing organization called "The Real Estate Council" that oversees Real Estate, determines licensing requirements, and enforces the Rules and The Real Estate Act. A Realtor® is a member of the Canadian Real Estate Association® (CREA). Agents that are not members of CREA would not be considered a Realtor®. Realtors are held to an even higher standard as they must also follow the rules set out by CREA. Real Estate Boards in each Province can also discipline agents for any misconduct. As mentioned, real estate agents who work on behalf of the best interests of the buyer are commonly called "buyer’s agents". In Alberta, all buyers and sellers are required to sign a written service agreement. All listing agents that represent the seller will get one signed as you are not allowed to list on MLS without one, but many buyer agents don’t have clients sign one until the buyer finds a property. Is it really in the buyer's best interest to sign a written service agreement before they begin looking at properties. I'll will do a deeper dive into that subject later on.
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