Designated representation. Multiple representation exists when the same real estate agent is the designated representative for both the buyer and the seller in the same transaction, or for two or more competing buyers interested in the same property. The brokerage or your designated representative has a duty to promote and protect your best interests and avoid conflicts of interest. If your brokerage or designated representative enters into an agreement with another client who has an interest in the same property as you, this places both clients in multiple representation. Multiple representation introduces risks you and the other client should consider. The brokerage is required to provide you with a written disclosure that explains: Until this information is disclosed in writing to all clients in the transaction, and they all agree in writing, the brokerage or designated representative cannot take any further steps on behalf Version: December 1, 2023 Understanding multiple representation | RECO INFORMATION GUIDE of any of the clients. Confidential information you provided to the brokerage or the designated representative when you were represented cannot be shared without your written consent. If you don’t agree, the brokerage or your designated representative is not allowed to proceed. Ask the brokerage or real estate agent about alternatives to multiple representation. For example, if you are a buyer, the brokerage could refer you to another brokerage or another designated representative to help you make an offer on the property. Agreeing to multiple representation significantly reduces what the brokerage and its agents can do for you, which could have consequences and costs. You may have seen articles in the media about open bidding, or an open offer process. Buyers in Ontario who have made an offer on a property are entitled to know the number of competing offers. Sellers choose how much other information, if any, they want to share about the offers they receive. Version: December 1, 2023 Understanding multiple representation/About content of other offers | RECO INFORMATION GUIDE be shared. Brokerage firms and real estate agents working in Ontario must be registered with RECO. Ontario brokerages and real estate agents are accountable for their conduct. If you have a concern: In many cases, your brokerage will be able to mediate or resolve your complaint about a real estate agent or the services provided under your representation agreement. Search for the brokerage in RECO’s Pub...
Designated representation. (i) Upon the written request of either Party, each of the Parties will appoint a designated representative who does not devote substantially all of his or her time to performance under this Agreement whose task it will be to meet for the purpose of endeavoring to resolve such dispute.
Designated representation. In the event Buyer wishes to enter into a real estate transaction regarding any Property listed with Broker and the listed Seller is being represented by a different ALL/PROS Realty agent, the following shall apply:
