A rule change by the Real Estate Council of Alberta will be implemented on July 1 and will add an extra document into the real estate process.
Service agreements, which sellers are already used to, will now also be signed between buyers and agents.
The idea is to have everything set out clearly so that buyers are fully aware of what the Realtor does, how they get paid and any other important details. Often this information is spoken about or implied, but can lead to confusion or dispute.
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