Working with a Commercial Realtor:
The Agency Relationship


Commercial REALTORS are governed by the legal concept of “agency.” An agent is legally obligated to look after the best interests of the person he or she represents. The agent must be loyal to that person.

A real estate brokerage may be your agent – if you have clearly established an agency relationship with that Commercial REALTOR with a representation agreement. But often, you may assume such an obligation exists when it does not.

Commercial REALTORS believe it is important that the people they work with understand when an agency relationship exists and when it does not – and understand what it means.
 

Honesty and Integrity
Most real estate professionals in our province are members of the Ontario Real Estate Association (OREA) and only members of OREA can call themselves Commercial REALTORS.

When you work with a Commercial REALTOR, you can expect not only strict adherence to provincial laws, but also adherence to a Code of Ethics. And that code is very important to you because it assures you will receive the highest level of service, honesty and integrity.

Code of Ethics
Commercial REALTORS believe it is important that the people they work with understand their agency relationship. That’s why requirements and obligations for representation and customer service are included in a Code of Ethics which is administered by the Real Estate Council of Ontario.

The Code requires Commercial REALTORS to disclose in writing the nature of the services they are providing, and encourages Commercial REALTORS to obtain written acknowledgement of that disclosure. The Code also requires Commercial REALTORS to submit written representation and customer service agreements to buyers/tenants and sellers/landlords.

Highest Professional Standards
Before receiving a real estate registration, candidates must successfully complete an extensive course of study developed by OREA on behalf of the Real Estate Council of Ontario. That is only the beginning: in the first two years of practice, registrants are required to successfully complete three additional courses as part of their articling with an experienced broker. In addition, all registrants must continue to attend courses throughout their careers in order to maintain their registration.

To see the different ways the Vito Auciello Team can represent you, please review the following brochure:

The Agency Relationship
(728kb PDF)