As Your (Buyer) Representative – our obligations are the following:
(a) Obey the lawful instructions of the Buyer;
(b) Exercise reasonable care and skill in the performance of the Exclusive Buyer Brokerage Agreement;
(c) Use best efforts to seek out and advise the Buyer, in a timely manner, of properties available for sale in the Market Area(s) that may meet the Buyer’s material requirements and generally promote the Buyer’s interests;
(d) Subject to clause 13 of the Exclusive Buyer Brokerage Agreement, act only as the Buyer’s agent;
(e) Subject to clause 13 of the Exclusive Buyer Brokerage Agreement, be loyal to the Buyer and act in the Buyer’s best interests at all times;
(f) Make timely and full disclosure of all conflicts of interest that may arise between the Buyer’s interests and those of the Brokerage or sellers;
(g) At the earliest reasonable opportunity, advise any seller in whose property the Buyer is interested that the Brokerage is the agent of the Buyer;
(h) Not appoint another brokerage to act on behalf of the Buyer as subagent without the Buyer’s prior written consent;
(i) Assist the Buyer in negotiating favourable terms and conditions with a seller;
(j) Assist the Buyer in preparing and complying with a legally binding purchase contract;
(k) Use best efforts to discover relevant facts pertaining to any property for which the Buyer is considering making an offer;
(l) Hold all monies received by the Brokerage in trust in accordance with the provisions of the Real Estate Act;
(m) Present, in a timely manner, all offers and counter-offers to and from the Buyer, even when a property is already the subject of a purchase contract;
(n) Disclose to the Buyer, in a timely manner, all relevant facts known to the Brokerage affecting a property or a transaction;
(o) Keep the Buyer fully informed regarding the search for a property and any resulting transaction;
(p) Advise the Buyer to obtain expert advice on matters of importance to the Buyer;
(q) Subject to clause 9.1(b) of the Exclusive Buyer Brokerage Agreement, disclose to the Buyer the existence and terms of any competing offers, known to the Brokerage,
for a property in which the Buyer is interested;
(r) Comply with all provisions of the Real Estate Act and its regulations, and the rules and bylaws of the Real Estate Council of Alberta; and
(s) Provide a true copy of the Exclusive Buyer Brokerage Agreement to the Buyer after all parties have signed it.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The Terms of Use Agreement shall not impose a financial obligation on the Registrant or create any representation agreement between the Registrant and the Participant.
All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Disclaimer: Information herein deemed reliable but not guaranteed by the CREB and EREB.
Last updated on: 2012-05-17 00:22:34
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- Joe went out of his way as much as he could in helping us find our first home. It was hard at times with us living out of town and only being here a day or two at a time. We appreciate all the help and support provided which was 100%. Thank you Joe.
- Amy Runnals
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