Are you a realtor in Ontario, Canada? You have heard the term "Multiple Representation" many times in your career. But what does that actually mean?
David and David dig deep to explore all the components of multiple representation for realtors. What are your duties? Considerations in establishing a relationship. And tips to protect yourself!
With a slowing down real estate market, challenges arise. Recognize them and protect yourself!
Agenda for today's episode:
- Challenges v. Opportunities
- History of remuneration in real estate (seller always paid commission, so both agents were deemed to have been working in the interests of the seller)
- Agency relationships
- Why the agency contract is with the brokerage and not the agent
- What are fiduciary duties? What do they mean?
- Best price v. best buyer
- Difference between a client v. customer relationship
- What is multiple representations? When does it happen? What do clients need to know?
- More & more buyers are going directly to the listing agent. Imagine having the same lawyer represent you in a court of law?
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Join us as we explore the ins and outs of the real estate market, and dive deep to understand the issues affecting buyers, sellers, investors and businesses. If you love real estate as much as we do, sit back, relax and gain an insider's edge to the exciting world of real estate. David Gorski is a broker and the owner of Sutton Summit Realty—a boutique brokerage providing guidance to over 230 realtors, and David Korman is a partner at Kormans LLP—a boutique law firm focusing on residential and commercial real estate transactions
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