{"id":2495,"date":"2022-06-16T14:47:00","date_gmt":"2022-06-16T14:47:00","guid":{"rendered":"https:\/\/dev.wahi.com\/wp\/?p=2495"},"modified":"2023-12-12T19:15:58","modified_gmt":"2023-12-12T19:15:58","slug":"what-to-expect-from-your-realtor","status":"publish","type":"post","link":"https:\/\/wahi.com\/ca\/en\/learning-centre\/real-estate-101\/sell\/what-to-expect-from-your-realtor\/","title":{"rendered":"What to Expect From Your REALTOR\u00ae"},"content":{"rendered":"\n\n\n[et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”55px||||false|false” global_colors_info=”{}” custom_margin__hover_enabled=”off|desktop”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width=”95%” max_width=”100%” custom_margin=”||-24px||false|false” custom_padding=”55px||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_breadcrumb _builder_version=”4.18.0″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][wahi_breadcrumb-link title=”Real Estate 101″ _builder_version=”4.18.0″ _dynamic_attributes=”link_option_url” _module_preset=”default” link_option_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjcyMiJ9fQ==@” global_colors_info=”{}”][\/wahi_breadcrumb-link][wahi_breadcrumb-link title=”Sell” _builder_version=”4.18.0″ _dynamic_attributes=”link_option_url” _module_preset=”default” link_option_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjIxMDYifX0=@” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][\/wahi_breadcrumb-link][wahi_breadcrumb-link title=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IiIsImFmdGVyIjoiIn19@” _builder_version=”4.18.0″ _dynamic_attributes=”title” _module_preset=”default” module_text_color=”#686E6E” global_colors_info=”{}”][\/wahi_breadcrumb-link][\/wahi_breadcrumb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”12px||12px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _dynamic_attributes=”content” _module_preset=”default” header_font_size=”3.5rem” header_line_height=”4.5rem” header_font_size_tablet=”42px” header_font_size_phone=”3rem” header_font_size_last_edited=”on|phone” header_line_height_tablet=”4.5rem” header_line_height_phone=”3.2rem” header_line_height_last_edited=”on|desktop” global_colors_info=”{}”]@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IjxoMT4iLCJhZnRlciI6IjwvaDE+In19@[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||9px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_socialsharing _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/wahi_socialsharing][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”6px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”24px” text_line_height=”1.5em” custom_margin=”||32px|||” global_colors_info=”{}”]
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<\/at-text>Everything you need to know about working with a REALTOR\u00ae to sell your home.<\/span><\/p>\n<\/div>[\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”1.13rem” text_line_height=”1.18rem” custom_margin=”||5px|||” global_colors_info=”{}”]

By Kyla Milette | 6 minute read<\/p>[\/et_pb_text][et_pb_post_title title=”off” author=”off” date_format=”M j” categories=”off” comments=”off” featured_image=”off” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width_tablet=”” width_phone=”100%” width_last_edited=”on|phone” max_width_tablet=”” max_width_phone=”100%” max_width_last_edited=”on|phone” custom_padding=”21px||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9mZWF0dXJlZF9pbWFnZSIsInNldHRpbmdzIjp7fX0=@” align=”center” force_fullwidth=”on” _builder_version=”4.18.0″ _dynamic_attributes=”src” _module_preset=”default” custom_padding=”2px|||||” border_radii=”on|32px|32px|32px|32px” border_radii_tablet=”on|32px|32px|32px|32px” border_radii_phone=”on|0px|0px|0px|0px” border_radii_last_edited=”on|phone” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||11px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” global_colors_info=”{}”]

For first-time home sellers, navigating the world of real estate can feel daunting in the beginning. Not only is finding a potential buyer a complicated task, but all the legalities surrounding the process can be overwhelming to break down as well.\u00a0\u00a0<\/p>\n

\u00a0–<\/span><\/p>\n

Fortunately, having a real estate agent by your side to represent you will make the process go a whole lot smoother. Your agent is there to help you avoid potential pitfalls, guide you through the process, write and negotiate a legally binding contract, and ultimately help facilitate the completion of buying your new home.<\/p>\n

\u00a0–<\/span><\/p>\n

Here we\u2019ll get into some details on what to expect from a REALTOR\u00ae when selling a home and discuss the role of the seller\u2019s agent. We\u2019ll also highlight some of the risks of selling without a listing agent and how to choose the right REALTOR\u00ae to help you sell your new home.<\/p>\n

–<\/span><\/p>\n

Is Working With a Realtor the Only Way?<\/h2>\n

Not necessarily. Much like a buyer can represent themselves, so can a seller.<\/p>\n

\u00a0–<\/span><\/p>\n

In Ontario<\/a>, REALTORS\u00ae usually work with sellers in one of two ways:<\/p>\n

\u00a0–<\/span><\/p>\n

By having the seller sign a Customer Service Agreement, making them a customer. When you\u2019re a customer, the agent does not work solely in your best interests and provides restricted services.<\/p>\n

\u00a0–<\/span><\/p>\n

By having the seller sign a Seller\u2019s Representation Agreement, making them a client. In such an instance, the agent has a fiduciary duty to promote and protect the seller\u2019s best interests at all times.\u00a0If a seller wants to represent themselves, they can choose to be a customer, or they can choose to refuse to sign the Customer Service and Buyer Representation Agreements. Sellers can also hire DIY companies to sell the home themselves, but with some assistance.\u00a0<\/p>\n

\u00a0–<\/span><\/p>\n

As you can probably already tell, having a REALTOR\u00ae represent you will likely save you potential headaches throughout your home-selling journey. A REALTOR\u00ae will also take on all of the initial costs of marketing the property.\u00a0<\/p>\n

–<\/span><\/p>\n

Are All Realtors the Same?<\/h2>\n

As you carry forward on your journey to sell your home, you\u2019ll likely come across many different words, titles, and jargon that can be a little confusing.<\/p>\n

\u00a0–<\/span><\/p>\n

When people talk about real estate professionals, they may use different titles interchangeably. And while they’re all very similar and closely related, they each have their own distinction that buyers and sellers might want to understand before choosing one over the other.<\/p>\n

\u00a0–<\/span><\/p>\n

The common titles you\u2019ll learn here are real estate agents, REALTORS\u00ae, and brokers.<\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” background_color=”#edf7f3″ custom_padding=”32px||32px||true|false” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” header_2_text_align=”center” header_2_text_color=”#38505b” header_2_font_size=”2.63rem” header_2_line_height=”3.75rem” max_width=”800px” module_alignment=”center” header_2_font_size_tablet=”32px” header_2_font_size_phone=”27px” header_2_font_size_last_edited=”on|phone” header_2_line_height_tablet=”3.75rem” header_2_line_height_phone=”32px” header_2_line_height_last_edited=”on|phone” global_colors_info=”{}”]

\u201cWhen people talk about real estate professionals, they may use different titles interchangeably. And while they’re all very similar and closely related, they each have their own distinction that buyers and sellers might want to understand before choosing one over the other.\u201d<\/h2>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||24px||false|false” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”23px||38px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” global_colors_info=”{}”]

Realtors<\/b><\/h3>\n

Also commonly referred to as a real estate agent or \u201csalesperson,\u201d an agent needs to be working under a real estate brokerage in order to practice their profession. All deals must go through the brokerage that the agent works for.<\/p>\n

\u00a0–<\/span><\/p>\n

Realtors represent buyers and sellers in real estate transactions and have a fiduciary duty to work in the best interests of their clients while still treating all other parties in the transaction fairly and honestly.<\/p>\n

\u00a0–<\/span><\/p>\n

When it comes to putting your home on the market, just remember the listing agent, also known as the seller’s agent, represents the seller. The selling agent represents the buyer, also known as a buyer’s agent.<\/p>\n

\u00a0–<\/span><\/p>\n

Realtors can be thought of as agents who are also members of the\u00a0Canadian Real Estate Association<\/a><\/span>\u00a0(CREA). To maintain their status, REALTORS\u00ae must pay an annual membership fee and complete ethics training on a continuing basis.<\/p>\n

–<\/span><\/p>\n

They must also promise to uphold the entity’s Code of Ethics, a program that ensures all members maintain a certain standard when practising real estate.<\/p>\n

–<\/span><\/p>\n

Broker<\/b><\/h3>\n

A real estate broker is a professional who manages or owns a brokerage and is responsible for overseeing all deals that come through. Brokers can work independently without being tied to another brokerage as they themselves are brokers. They may also have the freedom to choose to be a part of a real estate agency if they wish.<\/p>\n

\u00a0–<\/span><\/p>\n

Education is a key factor in distinguishing a real estate agent or REALTOR\u00ae from a broker. A salesperson can achieve the broker designation by completing additional courses and exams after having been registered as a salesperson for at least two years.<\/p>\n

\u00a0–<\/span><\/p>\n

While a broker may possess more training than an agent, there’s no guarantee that they will find you a better deal on your home any more than a REALTOR\u00ae can.<\/p>\n

–<\/span><\/p>\n

RECO Code of Ethics\/Governing Body<\/b><\/h3>\n

To become a real estate agent or salesperson in Ontario, an individual must take specific courses and pass the associated exams to obtain a licence to practice real estate in Ontario. The \u00a0Real Estate Council of Ontario<\/a><\/span>\u00a0(RECO) is the entity that oversees the training and licensure of agents in Ontario.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” background_color=”#2F3E52″ min_height=”378.9px” custom_padding=”32px||0px|||” saved_tabs=”all” global_colors_info=”{}” global_module=”849″ theme_builder_area=”post_content”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” header_2_text_align=”center” header_2_text_color=”#ffffff” header_2_font_size=”54px” header_2_line_height=”1.3em” custom_margin=”||12px|||” global_colors_info=”{}” theme_builder_area=”post_content”]

Ready to take the plunge?<\/h2>[\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_text_color=”#e8db3a” text_font_size=”22px” text_orientation=”center” custom_margin=”||47px|||” global_colors_info=”{}” theme_builder_area=”post_content”]

Join Wahi today and find out how easy it is to buy a home.<\/p>[\/et_pb_text][wahi_wahiButton url=”\/ca\/en\/real-estate\/sign-up” button_font_color=”#000000″ button_color=”#EB7161″ circle_color=”#000000″ focus_color=”#000000″ is_white_hover_text=”on” button_font_color_last_edited=”off|desktop” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” button_font_color__hover_enabled=”on|hover” button_font_color__hover=”#F9F9F9″ theme_builder_area=”post_content”]Get Started[\/wahi_wahiButton][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”54px||48px|||” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” global_colors_info=”{}”]

Benefits of Using a Realtor<\/h2>\n

When you attempt to list a home unrepresented, there are some challenges you’ll face, especially if you’re a first-time seller. Unless you have experience in real estate, having an agent gives you access to knowledge, insights, and networks within the real estate market you otherwise would be unlikely to find on your own.<\/p>\n

\u00a0–<\/span><\/p>\n

A REALTOR\u00ae\u2019s role is to work within your best interest, provide and gather information on neighbourhoods and homes, help you avoid potential pitfalls, write and negotiate an offer on your behalf, and ultimately guide you through the whole selling process until you can finally put up that \u201cSold\u201d sign!<\/p>\n

\u00a0–<\/span><\/p>\n

Other key benefits to having an agent represent you include:<\/p>\n

\u00a0–<\/span><\/p>\n