What’s an Exclusive Buyer Agreement and Why Should you care!



Hi Everyone! It’s Serge here, with eXp Realty, and FindMyHouse.ca. Today I wanted to briefly talk about Buyer Representation Agreements. What They are and how you benefit from this Agreement.

Once you have made the decision to buy a house you will need to Work with a Realtor. Law in Alberta require him or her to Explain Buyer Representation Agreements with you.

These written agreements are designed to protect you and to ensure your best interests are realized. They describe the relationship between yourself and your Realtor, holding the Realtor accountable for their Duties, Responsibilities, and the services that they provide to you. Most importantly, they are legally enforceable making sure you are legally Protected.

There are two types of Agreements…. Exclusive and Non Exclusive. As the name suggests Exclusive Agreements are where all parties agree to exclusively work together to achieve a common goal. In this case, home ownership. However, you may choose to work with more than one Agent.

It probably would not be in your best interest to have a non Exclusive Buyer Representation. Think of it this way…. All Realtors have access t the same listings through the multiple listing service commonly known as The mls.

But if the Realtor doesn’t have your commitment that you will work with him or her what do you think that Realtor’s commitment for find you the right home at the best price will be?

You want a Realtor that is going to be committed to finding you the Right home at the best price wouldn’t you?

The responsibilities of all parties including the Brokerage, the Agent and the Consumer (which is you) are clearly defined.

Some of the responsibilities of the Agent will include looking for properties that match your search criteria, keeping you up to date on new properties as they become available, showing you these properties then helping you with the preparation of the offer and negotiating the best price and terms on your behalf.

This Agreement will also outline the fees and or commissions to be paid To the Agent and who will be paying for these services. In almost all instances the Sellers is responsible to pay.

The Agreement will also outline the steps to be taken should any conflicts, although rare Occur, and how and when the contract ends.

This makes for a smoother outcome when everyone knows the rules of the game so to speak.

If you would like to receive a copy of this contract please click on the link Buyer Representation Agreement

Once again, this is Serge, with eXp Realty and FindMyHouse.ca. Thank you for taking the time to watch this video and I hope this was helpful. Take care and have a great day!

To start your search for a new home at https://www.Edmonton-Real-Estate.com

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