Is It Ethical For A Realtor To Represent Buyer And Seller?

Can a Realtor represent the seller and the buyer?

Representing Both The Buyer And The Seller.

With dual agency, the Realtor takes on the role of buyer’s agent and seller’s agent at the same time in a specific transaction.

A home is for sale.

The Realtor offers to sell the home for the seller, while also offering to represent a buyer who is interested in the home.

Does a buyer’s agent represents the buyer and the seller’s agent represents the broker?

Agents, on the other hand, must work under a licensed broker who is legally responsible for them. Brokers and agents can represent the buyer, the seller, or both. Whichever you work with, they’re legally required to review with you a disclosure document called the Agency Relationships in Real Estate Transaction.

Can a real estate agent represent both the buyer and seller in Ontario?

Real estate agents in Ontario will face new conflict of interest rules when they represent both a buyer and seller in a single transaction and tougher penalties when they violate the industry regulations and ethics. The practice of representing both parties in a sale is properly known as multiple representation.

Should a buyer use the listing agent?

Typically, buyers who choose to work with the listing agent say they do so because they think they’re getting a better deal. “Remember that the listing agent is interested in getting a deal done, and the higher the purchase price, the bigger the commission to the agent.”