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Competition Series Part 8: What Part of Unbundled Services Require "Agency"?
Now that the Competition Bureau and CREA have reached an agreement that realtors may provide unbundled services, if they wish, how many of these services, really require `agency`.
According to CREA, the following represent a list of agency services that are available from members:
(a) Market advice;
(b) Comparative evaluations;
(c) Listing preparation advice;
(d) Advice about pre-sale home inspections;
(e) Information about listing options;
(f) Privacy protections from the public;
(g) Showings of the home;
(h) Marketing the home, including advertising to maximize exposure, listing the property in the local MLSÂ System, placing advertisements in the local media and on the Internet;
(i) Coordination of multiple offers to the seller's advantage;
G) Guidance through the transaction including coordinating with the seller's solicitor;
(k) Reviewing contracts; and
(1) Negotiating with potential home buyers.
As each of these individual services are examined, you can appreciate that they need not be acquired or delivered pursuant to an agency appointment. They could simply be contractual services, without any agency relationship whatsoever.
Read the full article here.
Now that the Competition Bureau and CREA have reached an agreement that realtors may provide unbundled services, if they wish, how many of these services, really require `agency`.
According to CREA, the following represent a list of agency services that are available from members:
(a) Market advice;
(b) Comparative evaluations;
(c) Listing preparation advice;
(d) Advice about pre-sale home inspections;
(e) Information about listing options;
(f) Privacy protections from the public;
(g) Showings of the home;
(h) Marketing the home, including advertising to maximize exposure, listing the property in the local MLSÂ System, placing advertisements in the local media and on the Internet;
(i) Coordination of multiple offers to the seller's advantage;
G) Guidance through the transaction including coordinating with the seller's solicitor;
(k) Reviewing contracts; and
(1) Negotiating with potential home buyers.
As each of these individual services are examined, you can appreciate that they need not be acquired or delivered pursuant to an agency appointment. They could simply be contractual services, without any agency relationship whatsoever.
Read the full article here.