The BRA – Don’t Start Your Home Search Without It!
The Real Estate Council of Ontario (RECO), a public agency formed to protect consumers and regulate the industry, introduced guiding principles mandating that REALTORS® ask their clients to sign a Buyer Representation Agreement at the earliest possible time.
The Buyer Representation Agreement (BRA) is a contract your REALTOR® should ask you to sign before s/he starts working for you. It signifies that, for a designated period of time, you have engaged a specific real estate brokerage to work exclusively on your behalf to find a property.
This agreement helps to ensure that YOUR best interests are protected throughout your home buying experience.
Benefits include, but are not limited to:
You may also use the BRA as an opportunity to see if your REALTOR® is right for you by specifying the length of the contract with the brokerage.
If you have any questions about the Buyer Representation Agreement or would like to set up a free, no-obligation consultation, contact me today!
To begin your home buying experience, click here