Exclusive Seller Representation Agreement Alberta

4. Signing an agreement with an agent does not limit you to collaborating with that agent. In this case, what matters is what you signed. You have the opportunity to work with other agents in non-exclusive agreements. An exclusive buyer representation agreement requires you to cooperate with the agent with whom you signed the contract for the duration and for the costs specified in the agreement. It also requires the agent to work for you and provide the services agreed in the contract. If you have signed an exclusive agreement and have chosen to collaborate with other agents, you may pay a commission to more than one agent if you decide to purchase. 1. The terms of the contract are standardized. Many people think that representation agreements have standard terms such as the length of the contract or the services offered. It is mandatory to sign an agreement to represent buyers in Alberta when they purchase a home with the help of a real estate agent. This is a new requirement, so it is understandable that there are some misunderstandings about these agreements, but they are actually there for a long time (they were optional).

There are different types of agreements (exclusive and non-exclusive) and there is no standard term, fee or series of services included in a replacement agreement, whether for the purchase or sale of a home. We will be happy to tell you more about these agreements, contact us at any time. 2. After the contract is signed, there is a trial period during which the contract can be terminated. With the exception of new housing, there is no trial phase for representation contracts or sales contracts; Once you have signed a contract, you will agree with everything that is written in the contract. There are often conditions in sales contracts that have to be fulfilled for the agreement to continue, but you cannot come back just because you want to. You`ve got. B agreed to buy a house, but you have an inspection condition. You must act in good faith and remove the inspection condition, unless you find something during the inspection that would prevent a reasonable purchase from continuing the purchase.