Working With A REALTOR®
Designated Representative –
One (or more) of the brokerage’s real estate agents is your designated representative. The agent(s) represent(s) you and must promote and protect your best interests. The brokerage and its other agents are required to treat you impartially and objectively.
Brokerage Representative
The brokerage and all its agents represent you and must promote and protect your best interests, but one of the brokerage’s real estate agents may be your primary contact.
Self Representation
If you are involved in a real estate transaction and are not a client of a real estate brokerage, you are considered a self-represented party. This means that you have chosen to represent yourself, which has different rights and responsibilities. If you choose not to work with a real estate agent, it will be your responsibility to look after your own best interests and protect yourself.
Multiple representation
Multiple representation means a designated representative or brokerage represents more than one client, with competing interests, in the same transaction. This can happen in different ways, depending on the type of representation agreement you and the other clients have with the brokerage.
Under brokerage representation, multiple representation happens when:
- the brokerage represents both the buyer and seller in the same transaction, or
- the brokerage represents two or more competing buyers interested in the same property.
- This is true even when the clients are working with different real estate agents.
Under designated representation, multiple representation happens when:
- the same real estate agent is the designated representative for both the buyer and the seller in the same transaction, or
- the same real estate agent is the designated representative for two or more competing buyers interested in the same property.