Understanding Exclusive Agreements in Real Estate
Thank you for considering my real estate services! I value your trust and am committed to providing you with the best possible assistance. However, it is important to understand the rules governing exclusive agreements in Ontario, which are regulated under the Trust in Real Estate Services Act, 2020 (TRESA).
What is an Exclusive Agreement?
An exclusive agreement is a legally binding contract between a client and a real estate agent or brokerage. This agreement gives the agent or brokerage the sole right to represent the client for specific types of properties and areas during the agreement's term. If you have signed such an agreement, other real estate agents, including myself, cannot provide services related to the specified terms of the agreement.
How Does This Affect You?
If you have an active exclusive agreement, you are obligated to work only with the agent or brokerage specified in the contract for the:
- Property type mentioned in the agreement (e.g., residential, commercial, rental).
- Geographical area covered by the agreement.
Attempting to work with another agent during the agreement term can result in ethical and legal complications for all parties involved.
Note: If your agreement is non-exclusive or has expired, you are free to work with any real estate professional of your choice.
How Can I Help?
If you’re unsure about your current agreement status or its specifics, I can assist you in understanding it. Once the agreement has expired or been canceled, I would be happy to help you find the perfect property or tenant that meets your needs.
Why is This Important?
These rules are in place to maintain the integrity and professionalism of the real estate industry. They ensure transparency, fairness, and respect for the efforts of all real estate professionals involved.
Next Steps
If you’re not bound by an exclusive agreement or if it doesn’t cover the type of property or area you’re interested in, let’s get started! Contact me today, and I’ll provide you with exceptional service to meet your real estate needs.
Contact Me
If you have any questions or need clarification about exclusive agreements, feel free to reach out to me
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