Buying your first home is one of the most complex transactions most of us will ever undertake. As a homebuyer, you have a choice in representation. When choosing to work with real estate agent, you expect a professional with experience in the market, your preferred neighbourhood and housing type. But not all real estate agents are created equal. Here’s what you need to consider.

Agency Representation

Agency Representation (or fiduciary representation), simply means that the agent you hire is legally bound to represent your interests. This involves the highest standard of care and extreme loyalty to you, the “client.”

Some agents will work with you as a “customer,” which carries a different level of responsibility. Most real estate professionals require a client relationship because it allows them to provide the full range of services that buyers need and deserve. Your agent will discuss representation with you and will request your commitment in writing for this level of service.

Tips for choosing the right real estate agent

  • Do your research, and find someone you feel comfortable working with
  • Ensure the person you select is someone you trust, who listens to you, and respects your views
  • Make sure they are knowledgeable and know the current real estate market conditions
  • Don’t be afraid to ask them about the experience and past results
  • Choose someone with a good reputation. At RE/MAX, client and agent referrals account for 70% of business.
  • Talk to family, friends, and colleagues who have gone through the home buying process to see if they can recommend anyone.
  • Look for an agent who is experienced and knowledgeable in your market, but not so busy that they can’t give you due attention
  • RE/MAX agents that carry the ABR® designation (Accredited Buyer Representative) are skilled in understanding and responding to the specific needs of buyers. Consider looking for an agent with an ABR® designation before you look for a home and you’ll be served, not sold.

It’s important to remember that the right agent will ensure that your interests become their interests. You can visit remax.ca to get in touch with a local RE/MAX agent who will help guide you home by assisting you through each step of the home buying process.