September Real Estate Market Update
Here’s a market update from our friends at Macdonald Realty; Simon Clayton, Kristie Marsden, Jason Low, Sandra Ens, Jason Feinstadt and Jenny Stephanson.
All About Agency
In Canada, real estate buyers generally work with one real estate agent, who is responsible for finding all available properties in their price and preference range, setting up showings, performing due diligence on potential acquisitions, and representing the buyer in all negotiations.
Understanding client needs and motivations are integral functions of producing positive results and building long-term relationships. Macdonald Realty sales associates are licensed real estate agents that work within a legal framework called ‘Agency’. Agency provides sales associates with the authority to represent your principal interests when dealing with other parties.
Sales associates owe fiduciary duties to clients with whom they represent through agency relationships. They include
- a) Undivided loyalty;
- b) Obeying all lawful instructions of the principal (client);
- c) Exercising reasonable care and skill in performing all assigned duties;
- d) Accounting for all money and property placed in a Brokerage’s hands while acting for the principal.
Another interesting twist on agency and how it pertains to real estate is the issue of Dual Agency. While Buyer’s and Seller’s Agency seem intuitive, the idea of representing both sides of a transaction is strange to most people. Effectively, this type of agency restricts the agent from divulging insider information to either side and limits their role to providing information about the subject property and the general market, and providing professional assistance in the writing of any contracts or addendums.
Working with a sales associate offers an exclusive arrangement between agent and client, ensuring that your best interests are always protected. Macdonald Realty sales associates pride themselves on being industry leaders possessing an array of facilitation skills not commonly found in today’s real estate industry.
Many factors come into play when it comes to pricing your home and a professional can help you through that process. To find out more, please feel free to contact one of us at the address below.
September 2009 Market Update
If you would like to learn more, please feel free to contact us by phone or by clicking on one of the links below:
Simon Clayton 604-764-0711
Kristie Marsden 778-836-4389
Jason Low 604-790-5276
Sandra Ens 604-263-1911
Jenny Stephanson 604-675-6214
Jason Feinstadt 604-263-1911
MacDonald Realty 604-263-1911
