WHEN SHOULD I USE A BROKER & WHY?

 

The answer to the first question is quite simple:

ALWAYS.

The answer to the latter may not be what you think.

Sure, real estate brokers have an extensive amount of knowledge when it comes to real estate law.

And seasoned brokers will know how to apply different strategies and tactics to different markets and situations.

And yes, brokers will guide you through those daunting forms, contracts and documents that make you want to cry.

But you're a savvy business tycoon who's been investing in real estate since you were 5 years old.

So why would YOU work with a broker??

all transactions carried out with a real estate broker are PROTECTED

When you work with a broker, your transaction will be protected against faults, errors, omissions and negligence as well as fraud, dishonest tactics and misappropriation of funds.

FARCIQ

The FARCIQ is responsible for compensating the public in case of fault, error, negligence or omission committed by a real estate broker or agency in the course of their professional activities.

 

FICI

The FICI offers free protection to consumers who do business with a broker or agency and are victims of fraud, dishonest tactics or misappropriation of funds in the course of a transaction.

WITHOUT A BROKER, ALL THE RESPONSIBILITY & LIABILITY LIeS ON YOU

Why put yourself at risk?

Would you go to court without a lawyer?

Would you drive a lambo without insurance?

Would you attempt to perform your own surgery?

 
 

There are reasons we put our trust in professionals.

When the risk of attempting something ourselves far outweighs the reward, avoiding the disastrous consequences is well worth the cost of hiring an expert.

Especially when there is no cost.

If you happen to be stubborn, or just curious, here are a few more reasons working with a broker is wise

  • We have access to privileged information

    When searching for properties, the information shown to the general public is limited.

    Being licensed gives us access to important information and documents not available to the general public, such as the declarations by the seller form, the certificate of location, the declaration of co-ownership, the history of the property, and much more.

    These are very important factors that will enable you to weed out potential properties when shopping.

  • We probably know more about real estate law than you

    Buy low, sell high. Some people believe that’s all there is to real estate.

    However, there are many details that will affect your rights and obligations as a buyer, seller, lessee, and lessor.

    You should be well versed in real estate law, which is unlikely unless you’ve studied it… Which is unlikely if you don’t work in real estate… or law.

  • We have a solid understanding of the legal documents involved in a transaction

    Throughout a real estate transaction, you’ll discover there are many legal documents and forms that need to be verified, drafted, filled out, and/or signed.

    For those who aren’t experienced with these types of things, it can be daunting, confusing, and downright risky.

    You do not want to make a critical mistake on a legal document pertaining to a transaction of such magnitude.

  • We have a large network of professionals

    Throughout any given real estate transaction, you’ll most likely require the services of many other real estate professionals such as mortgage brokers, lenders, inspectors, land surveyors, lawyers, and notaries to name a few.

    Because we deal with such professionals on a regular basis, we’ve built a network of trusted contacts which we’d be happy to share with our clients, if needed.

  • We're trained to estimate the market value of properties

    Whether you’re buying or selling, you want to make sure to get a price that’s fair, better yet; favourable.

    Chances are, you probably know about the comparables method or you’ve heard your favourite youtube guru talk about cap rates.

    That’s all fine and dandy but there are many other techniques used to estimate the value of a property, especially when it comes to properties that generate income.

  • Brokers must abide by a strict code of ethics

    Imagine doing business with a stranger who turns out to be a fraudulent, dishonest, scamming, lying piece of…

    Well, when you deal with a broker, you can rest assured that you’re not dealing with someone like that.

    Brokers are subject to the Real Estate Brokerage Act (REBA), meaning we must act with integrity, professionalism, honesty and always in the best interest of our clients.

    And even if your broker turned out to be a fraudulent, dishonest, scamming, lying son of a gun, your transaction is insured, regardless. So you’re still safe.

  • Only brokers can upload listings on the Centris platform

    Centris is the largest database of properties available in all of Quebec. But only brokers can upload listings to the platform.

    So if you want your listing to reach as many people as possible, it’s essential to work with a broker.

    If you prefer to list on your own, try these other popular platforms: Marketplace, Craigslist, Kijiji, Amazon, Ebay, DuProprio… Yikes!

  • We're emotionally detached

    Wait. No no, not like that. We’re emotionally detached from the property.

    Many people tend to get too emotional when trying to buy or sell, which causes them to make irrational decisions.

    Having a broker by your side will help you avoid such behaviour.

CONTACT US TO LEARN MORE

You can reach us by using our contact form, sending an email to [email protected], or using the information below.

 
 
MONIKA ZILICRESIDENTIAL REAL ESTATE BROKER+1 514 649 0189monika@spectrarealty.ca

MONIKA ZILIC

RESIDENTIAL REAL ESTATE BROKER

+1 514 649 0189

[email protected]

 
DUSTIN LOPEZ-WALLISCOMMERCIAL REAL ESTATE BROKER+1 514 608 8732dustin@spectrarealty.ca

DUSTIN LOPEZ-WALLIS

COMMERCIAL REAL ESTATE BROKER

+1 514 608 8732

[email protected]