The Buyer Rep Agreement

What is it and why should I sign it?

In Ontario a Buyer Representation Agreement (BRA) is an important legal document that formalizes the relationship between a buyer and their real estate agent. The purpose of having this agreement signed includes several key benefits:

Exclusive Representation

The BRA ensures that the real estate agent is committed to working exclusively for the buyer’s best interests, providing full representation in negotiations, property searches, and all aspects of the buying process.

Clear Expectations

The agreement outlines the scope of services the agent will provide, the duration of the representation, and the obligations of both parties, which helps prevent misunderstandings.

Access to Listings

With a signed BRA, agents are more likely to offer full access to listings, including those that may not be publicly available, and to proactively search for properties that meet the buyer’s criteria.

Professional Advice and Guidance

The agreement ensures that the buyer receives expert advice, market insights, and support in making informed decisions, which is especially valuable in a competitive market.

Legal Protection

The BRA helps protect both the buyer and the agent by clearly defining the relationship and responsibilities, reducing the risk of disputes.