Effective July 1, 2014, the Real Estate Council of Alberta (RECA) will require industry members who establish a client relationship when trading in residential real estate, property management, or when dealing in mortgages to enter into a written service agreement with that client. Written service agreements help ensure the role of an industry professional is clear , and when clients are better informed, there is less confusion and typically, fewer disputes.
While we have had these for sellers, commonly known as listing agreements or contracts they have not been common for buyers.
For more information please follow this link to the CREA website: http://www.reca.ca/consumers/information/written-service-agreements.htm
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Realtor, Century 21 Vantage Realty Ltd
Office: 780 483 2122
Direct: 780 446 3727
Fax 1 866 217 4642