Agency relationship

REALTORS work within a legal relationship called “agency.” The agency relationship exists between you, as the client, and your Agent, as the representative of the brokerage or real estate company/franchise. The essence of the agency relationship is that the Agent has the authority to represent you in dealings with others.

The Seller's Agent is obligated to protect and promote your interests; specifically, the fiduciary duties of undivided loyalty, obedience, confidentiality, reasonable care and skill, full disclosure, and full accounting.

You can expect competent service from your Agent, knowing that the brokerage is bound by ethics and the law to be honest and thorough in every real estate transaction.

REALTORS are required to disclose to clients the representation you will be receiving. This is usually done with the aid of a brochure entitled "Agency Disclosure.” Signing the brochure does not obligate you.

Your REALTOR will explain Agency Relationship to you including the implications and difference between single and dual agency.

Your REALTOR can discuss a marketing strategy appropriate for your specific needs. For reference, check Marketing your home.

[Return to Top]

Copyright© 2000 Edmonton Real Estate Board. All rights reserved.