Buying Point - morgan team

SOLID SERVICE

Talk to us; make it an easy move!...(613-355-5253) Email: morganteam@gmail.com

Buying a home!

Are you tired of spending endless hours driving around the city looking at houses from the out side, searching the web for property listings and never finding what you want? Well look no further. You can sit back, relax and have all that up todate information email to you and for FREE! The best way to find the right home in the right location and of course for the right price with the least amount of time and inconvenience is by working with the right REALTOR® who understands all your wants and needs.

Real Estate Agent (sales representative)
A good salesperson will define your needs before they start to show you homes. They will find out all the important details to help you locate that perfect property. A salesperson has access to MLS® listings network updates every half an hour.
Let the Real estate agent do the work and find the right property for you.

Agency Relationship

It is important that you understand who the REALTOR® is working for. For example both the seller and the buyer may have their own agent which means they each have a REALTOR® who is working for them.

Or, some buyers choose to contact the seller’s agent directly. Under this arrangement the REALTOR® is working for the seller, and must do what is best for the seller.

A REALTOR® working with a buyer may even be a “sub-agent” of the seller. Under sub agency, both the listing agent and the co-operating agent must so what is best for the seller even though the sub-agent may provide many valuable services to the buyer.

If the seller and the buyer have the same agent, this is dual agency and the REALTOR® is working for both the seller and the buyer.

CODE OF ETHICS

REALTORS® believe it is important that the people they work with understands their agency relationship. That’s why agency disclosure is included in a self imposed Code of Ethics which is administered by the Real Estate Council of Ontario. The code requires REALTORS® to disclose in writing the nature of the services they are providing and encourages REALTORS® to obtain written acknowledgement of that disclosure. The code also requires REALTORS® to enter into a written agency agreement with any seller or buyer they are representing

BUYERS AGENT

A real estate company acting as a “buyer agent” must do what is best for the buyer. A written contract, called the buyer’s agency agreement establishes buyer agency. It also explains services the company will provide, establishes a fee arrangement for the REALTOR'S® services and specifies what obligations a buyer may have.

DUAL AGENT

Occasionally a real estate company will be the agent for both the buyer and the seller. The buyer and seller must consent to this arrangement in their listing and buyer agency agreements. Under this “dual agency” arrangement, the company must do what is best for both the buyer and the seller:

Since the company’s loyalty is divided between the buyer and the seller who have conflicting interests, it is absolutely essential that a dual agency relationship be established in an agency agreement. This agreement specially describes the rights and duties of everyone involved and any limitations to those rights and duties

Are you ready to start a serious search?

Start by making the right contact.

Morgan Team

Direct 613.355.5253

Email: morganteam@gmail.com

You’ll be glad you did.

Buyer's Agency

What is it? Why? What does it mean to YOU.

AS a “CUSTOMER” – Agents must only deal Fairly, Honestly and with Integrity and not mislead you about a property transaction.

WRITTEN REPRESENTATION AGREEMENTS ARE NOW MANDATORY IF YOU ARE GOING TO BE REPRESENTED AS A “CLIENT”. If a Buyer won’t agree to a Buyer Agency Agreement, then he/she can only be treated as a CUSTOMER and therefore, CONFIDENTIALITY IS OUT THE WINDOW. Any information gathered from the BUYER MUST be divulged to the SELLER- ie. How much the BUYER is willing to pay for the Property.

As a “CLIENT” we can ADVISE YOU about values, things to watch out for/concerns (shore road allowance, septic, etc.), negotiation strategies, conditions in Offers, etc. We look out for YOUR BEST INTERESTS. As a “CUSTOMER” we must only provide you with information without advice.

If Agents are not discussing this with you, they are not working for YOU. It’s the LAW.

Buying a home!

Agency Relationship

Buyer's Agency