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As we work with you on the sale of your home we will:
Our commitment to you includes always representing your best interests as we guide you through all transactions. As our clients, we represent you in negotiations and are responsible for the actions and representations made on your behalf.
We will apply our experience and negotiating skills to ensure all offers are dealt with in keeping with your particular circumstances We are skilled at using strategies of negotiation that prove most effective.
To be a member of WinnipegREALTORS® and have access to the MLS® system all REALTORS® must also be members of the provincial and national associations. In Winnipeg, the MLS listing contract establishes that commissions are paid by the proceeds the seller receives from the sale of a listed property.
As members of The Canadian Real Estate Association CREA® we are required to follow their Code of Ethics and Standards of Business Practice which serves to protect the buying and selling public.
As members of the Manitoba Real Estate Association MREA we are governed by their Salesperson Duties and Obligations.
Once an Agent/Client relationship is formed, the salesperson and his/her real estate firm is required to protect and promote your best interests in the transaction as they would their own. The following outlines some of their duties arising out of an agent/client relationship in a typical real estate transaction:
1. Loyalty: To serve your best interest ahead of anyone else's, including their own and at all time to exercise good faith and to disclose all known facts and information which may influence your decision.
2. Obedience: To follow all of your lawful instructions.
3. Discretion: To keep confidential your private circumstances, motivations, and confidences which you shared with the salesperson or which the salesperson or the real estate firm has learned.
4. Competence: To exercise reasonable care and skill in performing all assigned duties.
5. Accounting: Of all money, deposits, or other property entrusted to them.
All REALTORS® are required to disclose to all parties concerned who it is they are representing in a real estate transaction, i.e., seller or buyer.
Agent represents one Party:
It is generally understood that whether selling or buying, the salesperson and his/her real estate firm that you engage and rely on for representation has formed an agency relationship with you. It is assumed, that unless the parties otherwise agree, the salesperson and the firm representing the seller is the seller's agent and the salesperson and the real estate firm representing the buyer is the buyer's agent.
Agent Represents Both Parties:
It may arise that your salesperson and his/her real estate firm also represents the potential purchaser of your home. This may occur (even though the salespeople are different persons) when both salespeople are employed by the same firm. When this occurs, a conflict of interest arises and the real estate firm can only continue to represent both parties when both parties consent to the joint representation and acknowledge the impact that the joint representation will have on the agent's duties. You will be asked to sign an Acknowledgement of Limited Joint Representation and your REALTOR® will explain the terms of the agreed limits of the agency duties.