Consumer Relationships Guide
There are three types of legal relationships you can have with your real estate professional, each having unique responsibilities:
- Common law agency relationship: You have a relationship with all of the brokerage’s real estate professionals.
- Designated agency relationship: An individual real estate professional (or team of professionals) act as your agent.
- Customer of a real estate professional: You mostly represent yourself.
If you decide on a designated agency or common-law agency with your real estate professional, you will need to sign a written service agreement. Written service agreement holds your agent accountable to provide the services you need and expect. It explains:
- Each parties legal obligations
- The services to be provided by the agent/brokerage
- Consent for collection, use and distribution of your personal information
- Method of calculating how your agent will be compensated
You have the right to negotiate specific terms on the written service agreement.