What if your team is the listing agent for a property I`m interested in? If you are interested in purchasing one of our own team`s offers, we would not represent you as a buyer in this buying process. That would be a conflict of interest. With your consent, we would refer you to another real estate company/agent. Yes. Article 5(9)(2) requires disclosure of a licensee`s interest in an acquisition of immovable property `where a licensee or partner intends to acquire immovable property currently held by another person, through acquisition by a third party who must then transfer the property to the licensee or partner`. In this case, the disclosure of the business interest must be provided to both the original seller (the neighbor) and the original buyer (Mary`s friend), and this disclosure must take place before the friend`s offer is made to the neighbor. As with other forms of disclosure, the aim is to provide relevant information to a person who has the right to know that information at a time when that information can be used to make an informed decision. The above only concerns the remuneration of a buyer`s broker with regard to the actual negotiation of real estate, which must not be paid directly by the buyer. The requirements in sections 5 to 11(b) and (c) relating to the disclosure of remuneration under the recommendation made by other service providers or a client to another service provider are generally not linked to the letter of an offer; nor are they limited to the buyer`s representatives. However, the requirement that disclosure be “immediate” also exists in these cases. This also means that you must proceed with the disclosure The decision as to who would suffer the loss of representation of the agency, the seller or the buyer, was made in 1993 by a committee of the British Columbia Real Estate Association during discussions on the content of the proposed EBAC. No one could predict how long it would take the public to accept the idea of entering into a contract with a buyer`s representative as part of a written contract.
However, MLS® systems have drawn the attention of potential sellers to the fact that they are expected to enter into a written reference contract. The existence of this practice and the number of existing contractual agreements between sellers and listing agents led the Panel to decide that the seller would be favoured if the parties did not accept limited double representation. If a buyer`s real estate agent makes the form directly available to an unsused seller, the buyer`s real estate agent must do their best to get the seller`s signature on the form. These agreements offer compensation to the agent if you change midstream agents, but end up buying a house that was presented to you by the first agent. It protects the agent by defining a cause of supply, but you can sue other homes with other agents. In fact, many buyers from family, friends or colleagues are called buyer agents. But buyers who move to a new area usually don`t have that option. Buyers agree on whether such real estate should be brought to their attention, How are we paid as a buyer? Our exclusive purchasing agency contract is valid for one year, and according to the terms of the contract, the commission must be paid by the buyer….