Working with a Realtor The Agency Relationship in British Columbia by Mike Stewart Vancouver Realtor from Mike Stewart on Vimeo.

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!

The Ascent of Money. Wow! What a book! I read this book when I was away in Mexico growing this crazy red beard you see me with in all my recent videos.

Niall Ferguson is an Economic Historian at Oxford and Harvard Universities and the authour of several books. In The Ascent of Money, he accurately predicted the Credit Crisis of September 2008 in early 2008. Very impressive!

In Chapter 4 of his book he discusses Real Estate. If you are interested in why property prices go up and down, this should be required reading…

Have a look at the television version of The Ascent of Money on PBS.

I’ve posted some recent videos of him discussing The Financial Crisis and would love to hear your thoughts.

Hi All,

I’m a huge fan of open houses. They provide a low stress low anxiety atmosphere for potential buyers to see your listing. A lot of realtors don’t like to do open houses and feel they don’t do anything to sell a property.

THEY ARE WRONG!

Watch the video and let me know your thoughts.

Have a look at 3005-111 West Georgia Street. This is the suite I mention in the video.