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Hi All,
The “Working with a Realtor” brochure is one of the most misunderstood documents I work with.
Some people think that by signing this document they are committing to work FOREVER with the Realtor who got them to sign it. THIS IS NOT THE CASE!
The “Working with a Realtor” brochure is simply a signed confirmation the Realtor has explained the Agency Relationship to the client.
By signing this brochure, the client is NOT BOUND TO THE REALTOR. It is simply a signed disclosure that the client has had their rights in the Agency Relationship explained as well as the Realtors obligations and responsibilities to the client in this relationship. Nothing more.
The Agency Relationship is as follows:
1) Undivided loyalty. The Brokerage must protect the principal’s
negotiating position at all times, and disclose all known facts
which may affect or influence the principal’s decision.
2) To obey all lawful instructions of the principal.
3) An obligation to keep the confidences of the principal.
4) To exercise reasonable care and skill in performing all assigned
duties.
5) To account for all money and property placed in an Brokerage’s
hands while acting for the principal.
If you feel your Realtor is not following these rules bring it to their attention. If this doesn’t work, speak to their manager.
Here’s a copy of the Working With a Realtor Brochure:
Working With a Realtor by Mike Stewart Vancouver Real Estate Agent
Please leave a comment, I’d love to hear your thoughts and questions!
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Great explanation!
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Hi Hovasnisa,
Good to hear from you!
Thanks!
I’m looking forward to hearing more from you.
Are you on Twitter?
M
[...] Real Estate Association requires all Realtors in BC to have you the Buyer sign a document called Working with a Realtor. This document does not bind you to the Realtor in any way. It simply discloses to you the Buyer [...]