MULTIPLE REPRESENTATION. The Seller hereby acknowledges that the Listing Brokerage may be entering into buyer representation agreements with buyers who may be interested in purchasing the Seller’s Property. In the event that the Listing Brokerage has entered into or enters into a buyer representation agreement with a prospective buyer for the Seller’s Property, the Listing Brokerage will obtain the Seller’s written consent to represent both the Seller and the buyer for the transaction at the earliest practicable opportunity and in all cases prior to any offer to purchase being submitted or presented. Where a Brokerage represents both the Seller and the Buyer (multiple representation), the Brokerage shall not be entitled or authorized to be agent for either the Buyer or the Seller for the purpose of giving and receiving notices.
MULTIPLE REPRESENTATION. The Landlord hereby acknowledges that the Listing Brokerage may be entering into tenant representation agreements with tenants who may be interested in leasing the Landlord’s Property. In the event that the Listing Brokerage has entered into or enters into a tenant representation agreement with a prospective tenant for the Landlord’s Property, the Listing Brokerage will obtain the Landlord’s written consent to represent both the Landlord and the tenant for the transaction at the earliest practical opportunity and in all cases prior to any offer to lease being submitted or presented. Where a Brokerage represents both the Landlord and the Tenant (multiple representation), the Brokerage shall not be entitled or authorized to be agent for either the Tenant or the Landlord for the purpose of giving and receiving notices.
MULTIPLE REPRESENTATION. Occasionally a real estate brokerage will represent both the buyer and the seller. The buyer and seller must consent to this arrangement in writing. Under this multiple representation arrangement, the brokerage must do what is best for both the buyer and the seller. • Since the brokerage's loyalty is divided between the buyer and the seller who have conflicting interests, it is absolutely essential that a multiple representation relationship be properly documented. Representation agreements specifically describe the rights and duties of everyone involved and any limitations to those rights and duties.
MULTIPLE REPRESENTATION. The Buyer hereby acknowledges and agrees that the Brokerage may enter into buyer representation agreements with other buyers who may be interested in the Property, without any claim by the Buyer of conflict of interest.
MULTIPLE REPRESENTATION. The Buyer hereby acknowledges that the Brokerage may be entering into listing agreements with sellers of properties the Buyer may be interested in buying or leasing. In the event that the Brokerage has entered into or enters into a listing agreement with the seller of a property the Buyer may be interested in buying or leasing, the Brokerage will obtain the Buyer’s written consent to represent both the Buyer and the seller for the transaction at the earliest practicable opportunity and in all cases prior to any offer to purchase or lease being submitted or presented.
MULTIPLE REPRESENTATION. The Buyer hereby acknowledges that the Brokerage may be entering into listing agreements with sellers of properties the Buyer may be interested in buying. In the event that the Brokerage has entered into or enters into a listing agreement with the seller of a property the Buyer may be interested in buying, the Brokerage will obtain the Buyer’s written consent to represent both the Buyer and the seller for the transaction at the earliest practicable opportunity and in all cases prior to any offer to purchase being submitted or presented. Where a Brokerage represents both the Seller and the Buyer (multiple representation), the Brokerage shall not be entitled or authorized to be agent for either the Buyer or the Seller for the purpose of giving and receiving notices.
MULTIPLE REPRESENTATION. The Seller hereby acknowledges that the Listing Brokerage may be entering into buyer representation agreements with buyers who may be interested in purchasing the Seller’s Property. Where a Brokerage represents both the Seller and the Buyer (multiple representation), the Brokerage shall not be entitled or authorized to be agent for either the Buyer or the Seller for the purpose of giving and receiving notices.
MULTIPLE REPRESENTATION. Occasionally a real estate brokerage will represent both the buyer and the seller. The buyer and seller must consent to this arrangement in writing. Under this multiple representation arrangement, the brokerage must do what is best for both the buyer and the seller. Since the brokerage’s loyalty is divided between the buyer and the seller must do what is best for the seller even though the sub-agent may provide many valuable customer services to the buyer. If the brokerage represents both the seller and the buyer, this is multiple representation. REALTORS® believe it is important that the people they work with understand their agency relationship. That’s why requirements and obligations for representation and customer service are included in a Code of Ethics which is administered by the Real Estate Council of Ontario. The Code requires REALTORS® to disclose in writing the nature of the services they are providing, and encourages REALTORS® to obtain written acknowledgement of that disclosure. The Code also requires REALTORS® to submit written representation and customer service agreements to buyers and sellers. (Names) I/we have read and understand the Working with a REALTOR - The Agency Relationship brochure: As buyer(s), I/we understand that (Name of Brokerage) Is (initial one) Representing my interests, to be documented in a separate written agency representation agreement, and I understand the brokerage may represent and/or provide customer service to other buyers and sellers. Not representing my interests, to be documented in a separate written who have conflicting interests, it is absolutely essential that a multiple customer service agreement, but will act in a fair, ethical and representation relationship be properly documented. Representation agreements specifically describe the rights and duties of everyone involved and any limitations to those rights and duties.
MULTIPLE REPRESENTATION. The Buyer hereby acknowledges that the Brokerage [in most cases] may already have entered into or will be entering into a listing agreement with the Sellers of the property indicated above. In the event that the Brokerage has entered into or enters into a listing agreement with the Seller of the property indicated above, the Buyer hereby consents for the Brokerage to represent both the Buyer and Seller for the transaction. The Buyer understands and acknowledges that in a multiple representation situation the Brokerage must be impartial and equally protect the interests of the Buyer and Seller in the transaction. The Buyer understands and acknowledges that in a Multiple Representation situation the Brokerage shall have a duty of full disclosure to both the Buyer and Seller, including a requirement to disclose all factual information or otherwise about the property known to Brokerage. The Buyer agrees to indemnify the Brokerage and save the Brokerage harmless from any financial loss that the Buyer may incur. The Brokerage agrees to prepare and submit an offer to the Seller on terms and conditions satisfactory to the Buyer provided such offer that is asked of the Brokerage to be prepared is not considered in the sole and absolute discretion of the Brokerage to be an offer significantly below the asking price or terms or an offer that would be unacceptable to the Seller. In such event, the Buyer may prepare and submit to the Brokerage a letter of intent or have an offer prepared by their solicitors for presentation to the Brokerage. In the event the Brokerage prepares or receives an offer or letter of intent from the Buyer and there are no other competing offers for the property, the Brokerage shall negotiate such offer in good faith, provided that if the Buyer advises the Brokerage during the negotiations to give more that offering price or terms, the Buyer consents that the Brokerage may disclose such financial terms to the Seller however, notwithstanding such disclosure if any, the Buyer does not need to accept such price or terms on any offer presented to the Buyer.
MULTIPLE REPRESENTATION. The Landlord hereby acknowledges that the Listing Brokerage may be entering into tenant representation agreements with tenants who may be interested in leasing the Landlord’s Property. In the event that the Listing Brokerage has entered into or enters into a tenant representation agreement with a prospective tenant for the Landlord’s Property, the Listing Brokerage will obtain the Landlord’s written consent to represent both the Landlord and the tenant for the transaction at the earliest practical opportunity and in all cases prior to any offer to lease being submitted or presented.
