When it comes to buying or selling a home in Ontario, understanding who truly represents your interests is more critical than ever. The Real Deal podcast, hosted by The Home Guyz Team at Solid Rock Realty, tackles this issue head-on in their latest episode: “Who Represents You?”
👥 Agency vs. Self-Representation: What It Means Now
With the introduction of TRESA Phase 2 regulations, the way real estate agents work with clients has changed significantly. One of the biggest shifts? Agents can no longer treat someone as both a client and a customer. You’re either represented—meaning you have fiduciary protection—or you’re self-represented, with no one legally obligated to act in your best interest.
🔍 Why This Matters for Buyers and Sellers
Whether you’re a first-time buyer or a seasoned seller, understanding the legal distinctions between being a client and simply getting information from an agent could make or break your transaction.
Key takeaways include:
Clients receive advice, negotiation support, and full disclosure from their agents.
Self-represented parties (SRPs) do not get advice and cannot rely on the agent’s guidance.
Signing a representation agreement is now mandatory if you want full services.
🛡️ Protect Yourself With the Right Agreement
The podcast emphasizes that informed consumers make better decisions. If you’re not represented, you’re essentially on your own—even if you’re talking to an agent. Don’t assume you’re protected just because you’re communicating with someone wearing a Realtor® badge.
🔗 Explore buyer services at TheHomeGuyz.ca/buyers
📩 Have questions? Connect with us at OttawaRealEstate.ca/contact