You just walked into the perfect home. The "open house" sign was on the lawn of the most beautiful house you have ever laid eyes upon. The house is everything that you have been dreaming of when you got your promotion. The conscientious agent at the open house was more than happy to show you the home. You are seriously considering making an offer. Have you answered these crucial questions?

• Does the agent who shows me the home represent me? Probably not. They do not represent you unless you have signed agency agreement. Without the agreement the agent is acting on the behalf of the seller. The listing contract obligates the agent, and the Real Estate Company, as well as sub agents from other companies to represent the seller in this transaction.
• Who then is representing the Buyer? A Buyer can get a representative of their own to represent them. A Buyers Broker is a special Real Estate Agent that represents the interests of the buyer. The Buyer is the client of the Agent.
• Do I need my own Agent even if I am a Buyer? Definitely a yes. The Agent is working for you, negotiating for you, and representing you the Buyer.
• Why can't the Sellers Agent Work on my behalf? The Listing Agent would then be liable for a breach of duty to the seller if they assisted you the Buyer in any way. Assisting you would not be in the best interests of the seller.
• What is a "Dual Agent" and whom do they represent? A Dual Agent can represent both the Buyer and the Seller. The Agent acts on the behalf of both parties to the transaction and tries to avoid conflict of interest. In 1995, Canada enacted a consumer protection law that required all Real Estate Agents to disclose who they represent to consumers.

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