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Home Consumers Things you need to know

If you are a buyer or seller, there are things you need to know before you receive any services or assistance from a real estate agent or sign a contract with a real estate brokerage.

Working with a real estate agent

Learn more about the benefits of working with a real estate agent, what you can expect, and the responsibilities of clients.

Know the risks of representing yourself

Understand the risks if you choose not to work with a real estate agent and the risks of receiving assistance from a real estate agent who is working for the person on the other side of the transaction.

Signing a contract with a real estate brokerage

When you work with a real estate agent, you sign a contract with the brokerage the agent works for. These contracts are called representation agreements. Learn more about what you should look for before you sign. 

Understanding multiple representation

Multiple representation means the brokerage or the agent represents more than one client in the same transaction. Understand how multiple representation works, the risks, and what to expect if you agree. 

About “open offers”

Buyers who have made an offer on a property are entitled to know the number of competing offers. Sellers choose how much other information, if any, they want to share about the offers they receive. Learn more about what this means for buyers and sellers. 

Cover of RECO's Information Guide

RECO Information Guide

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