The real estate process is one full of questions, whether you're going to be buying a piece of real estate in London or selling one in Toronto. It's especially confusing for first time home buyers or sellers. There are so many things to do and so many questions you need answered because it's all so new to you. You'll hear terms like curb appeal, MLS listings, abstract of title, homeowners association and residual process, just to name a few, and you'll be wondering to yourself what they all mean. Luckily for you you'll be working with qualified Toronto or Scarborough real estate agents who can answer any and all questions you have.
A term you might hear when searching for a real estate agent is exclusive real estate agent. You know what a real estate agent is. It's somebody who works on your behalf to help you buy or a sell houses for sale in Markham. It's a simple concept. There are different types of real estate agents though and that's when you might hear the word exclusive thrown around.
There are real estate agents who have the exclusive right to sell your home. Which means that if you hire this type of Remax agent in Brampton or Toronto to represent you they have the exclusive right to market your home. No other company can market your home but other real estate agencies can bring in prospective buyers and the agencies share the commission if your home is sold that way. Then there's an exclusive agency in which only your real estate agent or agency can broker any deals to sell your home and no other agencies can bring in prospective home buyers. This means you can't list your property in the Toronto or Brantford MLS listings and therefore limits the number of people you can market to.
When it comes to hiring a real estate agent to help you buy a home there is something known as an exclusive buyer agent. These types of real estate agents only work for buyers. They never represent clients selling homes. The advantage to this type of real estate agent is that there will never be a conflict of interest arising in which they might find themselves representing the buyer and the seller.
So, as you can see, there are a lot of choices you have when hiring a real estate agent. Look at the options you have in front of you and decide which type of real estate agent will best represent you and look after you. Sometimes hiring an exclusive real estate agent makes sense but sometimes a non-exclusive real estate agent might be your best bet. Good luck and we hope you find what you are looking for! |