Usually, the REALTOR will be paid from the proceeds of the sale. The listing agreement states the REALTOR’s fee.
Often, a purchaser will work with one REALTOR and a vendor will work with another. It may appear that the REALTOR working with the purchaser is working for that purchaser, in an agency relationship. That is not necessarily the case.
The REALTOR working with a purchaser may be a “sub-agent of the vendor. In this case, the REALTOR is actually a vendor’s agent. While a vendor’s agent can provide many valuable services to a purchaser, he or she must do what is best for the vendor.
If a written contract exists with a purchaser, a REALTOR can be a Buyer’s agent.
Buyers and Sellers will always be told – in writing – who a REALTOR is working for.
Honest and Integrity
Most real estate professionals in our province are members of the Ontario Real Estate Association (OREA) – and only members of OREA can call themselves REALTOR.
When you deal with a REALTOR, you can expect not only strict adherence to provincial laws, but also adherence to a Code of Ethics. And that code is very important to you – because it assures you will receive the highest level of service, honesty and integrity.
Highest Professional Standards
Before receiving a real estate license, candidates must successfully complete an extensive course of study developed by OREA on behalf of the Ontario Government. Ongoing training is also mandatory and ensures your Realtor is proficient in the latest trends and technology.