Blog > Understanding Real Estate Agents in Ontario: What They Can and Cannot Do
Understanding Real Estate Agents in Ontario: What They Can and Cannot Do
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Thinking about buying or selling a home in Ontario? One of your best resources is a real estate agent. But what exactly can agents do for you—and where are their limits? Let’s clear up the mystery so you can make the most of your partnership!
What Agents CAN Do
- Guide You Through the Process: Agents help you navigate every step, from searching for homes to negotiating offers and closing the deal.
- Provide Market Insights: They have access to up-to-date data, helping you understand local trends, pricing, and neighbourhoods.
- Negotiate on Your Behalf: Agents are skilled negotiators who represent your interests when it comes to price, conditions, and timelines.
- Handle Paperwork: Real estate transactions involve a mountain of forms—your agent ensures everything is completed accurately and on time.
- Connect You with Trusted Pros: Need a mortgage broker, inspector, or lawyer? Agents have a network of reputable professionals.
What Agents CANNOT Do
- Make Decisions for You: Agents can offer advice, but the final choice is always yours. They’ll never pressure you into a deal you’re not comfortable with.
- Disclose Confidential Info: Your agent must keep your personal and financial details private. Likewise, they can’t share confidential information about other clients.
- Break the Law: Agents in Ontario must follow strict rules set by the Real Estate Council of Ontario (RECO). They can’t misrepresent facts, discriminate, or act unethically.
- Guarantee Outcomes: While agents work hard to get you the best deal, they can’t promise a specific sale price or that your offer will be accepted.
Understanding your agent’s role helps build trust and ensures a smoother real estate journey. If you have questions, don’t hesitate to ask—your agent is there to help you every step of the way!
