What Should you Sign First BRA or WWR?

Question:

What should you sign first the BRA or the WWR?

Answer:

The BRA is the Buyer Representation Agreement and the WWR is the “Working with a REALTOR” document

BRA

This document contains the following wording:

“The Buyer acknowledges that the Brokerage has provided the Buyer with written information explaining agency relationships, including information on Seller Representation, Sub-Agency, Buyer Representation, Multiple Representation and Customer Service.”

In the BRA you already said that you provided “written” information about agency, (including sub, dual, and non). So, the question is: “did you”?

The WWR comes close, but you will note that it still falls short of the requirements.

WWR

This document contains a short explanation of agency, representation, multiple representation and customer services.

It appears to comply with s. 10 of the Code of Ethics.

However, it misses out on “sub-agency” and that was noted in the BRA.

So, you should have a document explaining sub-agency as well.

Brian Madigan LL.B., Broker

www.OntarioRealEstateSource.com

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