Representation means having someone on your side; really on your side; for real.
All of us have the right to purchase anything, even real estate, without representation. We also have the right to choose others to represent our best interests in any purchase which is complicated, involves a large sum of money or requires expertise that we do not possess.
In the realm of real estate, representation involves agency. In real estate agency one very important consumer issue is this - in a real estate transaction where the agency is representing both the buyer and the seller, can the agency represent two masters?
In New Brunswick, the licensed Agent (the agency) forms an agency relationship with the client. The Agent may also employ salespeople to represent the agency. Salespeople are not agents in their own right.
While this may technical and confusing to the general public, it is a very important distinction to make. In dual agency, the dual agent is the agency, not the salesperson.
Consumer, when dealing with representation in real estate, ask yourself this question - Do I know who is fully representing me?
CLICK HERE FOR MORE ON REPRESENTATION: "Avoid Double Agents"
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