During the shopping period, you’ll meet with your agent for tours of homes in which you might be interested. They will give your insight into the floor plans, the home’s pertinent selling points, and the overall crime rate of that neighborhood. They will also give you the rundown for local activities, restaurants, shopping centers, and schools nearby. Your agent is responsible for ensuring inspections of the homes are complete, as well as the disclosures therein. They’re also in charge of ensuring coordination and completion is done with the appraiser, inspector, lawyer, lender, and all other professionals involved with the purchase of the home. When it comes to the price, you won’t have to negotiate yourself, your buyer’s agent will do that for you. Once you have a signed offer, your buyer's agent will arrange everything needed to be done plus keep you informed with lots of advice all the way to possession day.
DUAL AGENCY: MORE DETAIL
A “dual agency” relationship occurs when a buyer is being represented by an agent who is also representing the seller. Once an agent represents both the seller and the buyer within the same transaction, the situation is known as “dual agency.” In some Provinces this is not allowed because of the conflicts of interest that can arise, but Alberta does allow it. All agents hold the same responsibility, which is to inform interested buyers of all potential risks that could arise due to conflicts of interest. Legally, agents are not allowed to work on both sides of any transaction without written consent from both the buyer and seller.
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