Understanding Agency - "Who Works for Who?"
Buying or selling a home may be the most important financial transaction you'll ever make. So it's a good idea to take a moment and consider the kind of relationship you will be entering into with a Realtor.
A Realtor can act for a seller or buyer, or to a limited degree, both. Whomever they represent, realtors have a legal obligation to uphold the integrity of their clients, while protecting and promoting their interests.
Seller's Agency: As a seller, your Realtor's professional marketing skills and network connections can help in obtaining the maximum market value for your home. When your home is listed for sale through the Multiple Listings Serices (MLS), you have executed a legal agreement that also states both the terms and conditions under which your Realtor will be compensated. Your Realtor will represent you 100%.
Buyer's Agent: Buyers can benefit from agent representation too. The realtor's expert knowledge of the neighbourhood, future development plans, taxes, zoning, transportation, schools and community services will help you select the property that meets your needs. In this capacity, a Realtor should represent and work for your best interests 100%. By engaging a knowledgeable, professional, Buyer's Agent, you should be assured that your quest to find the right home, at the right price, will be skillfully handled.
I hope that this information has been helpful to you, I look forward to being of service to you... soon!