The Legal Issue - A Case of Buyer Beware

Exclusively Buyers Inc ( EBI Canada ) is a real estate brokerage dedicated to delivering unconflicted financial advice.  We practice a form of real estate brokerage known as exclusive buyer representation.  We represent buyers, and only buyers. 

Consider the couple who embark on a local move.  They list their home for sale, and engage their listing agent to assist with the search for a new home.  What happens if they wish to purchase a home that is being offered for sale by their agent, or another agent at their agent's brokerage?  Both the buyer and the seller would be working with the same real estate brokerage.  Who's interests will prevail?

In fact, the buyer's agent may be legally prohibited from giving advice on the asking price, or any other term or condition intended to favor the buyer.  This diminishes not only the duties owed by the agent and the real estate brokerage, but the buyer's legal standing as well.  Should either party wish to pursue a subsequent legal action, it is significant that the buyer knowingly chose to engage the services of the listing brokerage.

When choosing a real estate agent to assist with your home search, it is imperative to take into account the homes listed for sale by that agent, as well as the agent's sponsoring real estate brokerage.  Please consult with your legal counsel and see section entitled Code of Conduct.  EBI's clients are assured of single representation, and the expanded rights attaching to this legal state.