How often do you purchase real estate? Once, twice, three times in your lifetime? So you can hardly be expected to know all the ins and outs of such a major transaction complicated by so many details.
In most transactions, sellers are represented by a listing agent who manages these details for them and acts in their best interests. As a buyer, you also want someone to provide complete and honest representation in your real estate transaction. At CityHouseCountryHome, we represent our buyer clients and protect their best interests. We guide them through every step of the process.
What is a Buyer’s Representative?
Defined most simply. A buyer’s representative (or buyer’s agent) is an advocate for the buyer – not the seller – in a real estate transaction. Real estate laws and regulations vary from province to province/territory to territory, but buyer’s representatives usually owe full fiduciary (legal) duties, including loyalty and confidentiality, to their buyer-clients and must keep their clients’ best interests in mind throughout the entire transaction.
How is CityHouseCountryHome Compensated?
Many buyers wonder if they’ll have to pay more if they use a buyer’s rep. In most cases, home sellers have already agreed to pay a commission to the buyer’s rep. Because buyer’s reps sometimes require payment directly from buyers, this is an important detail we will discuss with you. A property listing will confirm the amount of commission or fee that the Seller has agreed to pay a cooperating brokerage.