It's Designated Agency Time
http://www.robreynar.com/ViewBlog/430/ - Royal LePage Foothills is the first Brokerage in Alberta to become Designated Agency, what does that mean? It means that Dual Agency will only apply to RL Foothills Realtors when they sell their own listings. That is an important change for the Real Estate consumer and one that should catch on.
It's Designated Agency Time Blog Transcription
Hey there! Rob Reynar here just checking in, it is September 1st . Well what's significant about September first? Well, it is a significant change in the brokerage that I'm with, Royal LePage Foothills. Royal LePage Foothills is now the first brokerage in the province to become designated agency. What does that mean to you? Well, I think that a lot of you have heard the term "dual agency", meaning that your real estate agent is working for a brokerage that represents both the buyer an the seller. So in my case, if a colleague of mine say, Kelly Mckelvey in Northwest Calgary had wrote in offer on one of my listings because we're both Royal LePage Foothills we would be considered dual agency. Well, that is no longer the case, you will only be dual agency if it's my buyer. So if my buyer buys my listing then I'm a dual agency, I'm truly representing both buyer and seller. Outside of that, every realtor in the province of Alberta is now considered single agency. I'm looking after my seller, they're looking after their buyer, if it's my buyer, vice versa. So I know this is dry and your eyes kinda roll back in your head when you hear this stuff but it is important to know who's representing you and at what part of the transaction. I think this is a really great change for consumers, they will truly know that their real estate agent. Their Royal LePage Foothills agent is really looking after just them and they're not legally bound to represent buyer and seller even though they may not know the agent and might not know the buyers that that agent has. So, again significant change, I'm gonna post some documentation as well to the website so that you can read on it if you want but again Royal Lepage Foothills is now a designated agency brokerage as of September 1st and significant change for the consumer. If you have any questions on this please don't hesitate to ask or e-mail at firstname.lastname@example.org. R-E-Y-N-A-R, email@example.com. Talk to you soon, buh bye!This is a transcription of the latest Video Blog from MorrisReynar.com . If for any reason there is a discrepancy between this text and the Video Blog, the Blog is deemed accurate.