It’s a standard, legal contract between you (the buyer) and a real estate brokerage (represented by the agent). When you sign it, you give that brokerage permission to exclusively represent you and act in your best interest when purchasing a home.

Think of it like entering into a committed relationship with your agent. The BRA sets out clear expectations, responsibilities, and what happens if a deal goes through (or doesn’t).

In Ontario, real estate agents are governed by the Trust in Real Estate Services Act (TRESA). Under this act, real estate agents are required to explain buyer agency to prospective clients.

When you meet with an agent for the first time, they must provide you with a copy of the RECO Information Guide.

This guide explains the roles and duties of agents, the risks of self-representation, and the differences between client and non-client (self-represented party) relationships.

It’s important to know that until the guide is explained, the agent can’t proceed with providing you any services or advice.

You will have a choice. You can either:

1. Become a client (with the benefits of full representation, duties, and protections)
2. Be self-represented, with no services or advice from the agent

If you want to go on viewings, have an agent negotiate on your behalf, or have an agent submit an offer for you, you must become a client.

This is where the Buyer Representation Agreement comes in. Signing a BRA means your agent can now:

• Show properties
• Give advice and negotiate
• Prepare offers
• Act in your best interest with legal protections in place

You are not required to sign a Buyer Representation Agreement (if you decide to self-represent), but there are important benefits to signing one with your real estate agent:

Key Things the BRA Covers (in plain language):

This means the brokerage has exclusive authority to act on your behalf during the timeframe written in the agreement. That means you agree to work with that brokerage (and only that one) while the contract is active – you can’t work with other agents while you’re committed to a BRA.

If you find a property you like (even on your own), you still need to let your agent know. Otherwise, you could be liable for commission if you purchase that property with a different agent.

In most cases, the listing brokerage will cover your agent’s commission. However, if the seller offers less than what you’ve agreed to in the BRA, you may need to cover the difference. Your agent is required to tell you upfront how much they’ll be paid on any deal.

Even after the BRA expires, there’s a period (usually 30 to 90 days) where if you buy a property that your agent introduced you to during the agreement, you still owe them commission.

Sometimes, your agent’s brokerage might also represent the seller of a home you want to buy. This is called multiple representation, and it’s legal, but it requires your written consent. In the event of multiple representation, your agent is legally required to protect your best interests and can’t share sensitive info (like how much you’re willing to pay).

Your agent isn’t responsible for the condition of the property. It’s your job to get inspections, ask questions, and verify information. Your agent should guide you through that process, but the final responsibility is yours.

Your personal and financial information is protected under privacy laws. Your agent will only use it to help you with your purchase, and not for unrelated marketing or sales.

Not if you understand what you’re agreeing to. Like any contract, the BRA is about clarity and expectations, and it’s signed hundreds of times a day during the course of real estate in Ontario. It ensures that your agent works in your best interest and determines how they get compensated.

Before signing:

• Ask questions
• Make sure the time period and geographic area make sense for your situation
• Understand the commission clause and whether it affects you directly
• Read any extra schedules or attachments

The Buyer Representation Agreement is a standard, legally required document that formalizes your working relationship with your agent. When used properly, it protects both parties and creates a foundation of trust and accountability.

Click here to download a copy of the Buyer Representation Agreement. If you have any questions about this agreement or buyer agency, RE/MAX Team Paliwal is happy to schedule a quick call to offer guidance.

Reach out to our Team Paliwal today to explore your options and discover how you can enjoy a balanced, fulfilling lifestyle just a short journey from downtown Toronto.

Finding the right home can be overwhelming with so many choices and potential pitfalls. Since 2009, Team Paliwal has been turning challenges into opportunities.

Buyers often face issues like navigating a fast-moving market, understanding how much to offer on a property, and managing the challenges of buying a home. Our team brings deep market knowledge, seasoned negotiation skills, and a personalized approach to make sure you’re protected.

Our unwavering priority is always putting our clients first. This is why Team Paliwal is ranked #1 and top 50 real estate teams on Canada on RankMyAgent,com. Our high ratings from satisfied clients is proof that you can get a well negotiated deal, avoid costly mistakes, and find a home that checks off all your boxes.

Let us simplify your journey to homeownership anywhere in the Greater Golden Horseshoe and help you find your perfect home. Join hundreds of happy clients who made the choice to hire Team Paliwal!