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Old 07-07-2022, 04:32 PM   #27
troutman
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Quote:
Originally Posted by Hemi-Cuda View Post
We retained our own lawyer, and it's actually against the law for a single realtor to represent both parties. So the selling realtor had someone else from their firm represent us, though in reality all she did was relay stuff from us to the sellers. Booked my own inspection and pulled up permits for the property to make sure there were no surprises

These days most people do all of their house shopping online, they know what they want and what areas they want to look in. If they do just a little more work beyond that a buying realtor is completely pointless
Can a real estate professional represent both the sellers and the buyers?
https://www.reca.ca/consumers/tools-...ellers-buyers/

Quote:
In transaction brokerage, the real estate professional will provide facilitation services to you and the other party. These services include:

helping the buyer and seller negotiate an agreement
giving the buyer and seller property statistics and information, including comparative information from listing services and local databases
providing and preparing agreements of purchase and sale, and other relevant documents according to the buyer and seller’s instructions
A transaction facilitator has to treat both parties in an even-handed, objective, and impartial manner. They must remain neutral, not advocate for either you or the buyer, and they cannot provide confidential advice.

Before a real estate professional proceeds with transaction brokerage, both the buyer and the seller need to provide their informed consent by signing an Agreement to Represent both Buyer and Seller.
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