even if your property has not yet hit the market. • Your listing agent will have already covered and researched your neighbourhood’s market to gain buyer inquiries, which means your agent will be working from all sides of the deal to sell your house faster and with more incentive. • Your agent works with corporate relocation buyers who need to find a house quickly, and they will ensure that it’s your house that is bought. There are also cons for the seller when it comes to dual agency, and they are: • You can’t be advised by your agent as thoroughly when they must act as a dual agent because impartial facilitation is required. • Your listing agent is not allowed to negotiate the best or highest price for you if you negotiate both the best and lowest terms for the buyer. • If the opportunity arises, earning a full commission may tempt the agent to coerce a deal you might not accept otherwise. • Your agent may inhibit all access to your listing through buyers with agents. To avoid surprises or missteps in a dual agency sale, ensure you have clarified essential details with your agent beforehand. You can use an exclusive buyer agency agreement or a listing agreement.
HOW REAL ESTATE AGENTS ARE PAID
The Canadian Real Estate Association® 2023 Profile of Home
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