It is mainly focused on the real estatecommission structure and disbursementbetween the listing brokerage and cooperating brokerage in Ontario. In case you use a cash back realtor, here is the place that you can confirm the projected commission the buyer agent will receive, and validate the actual commission rebate you will receive after the closing.
It means the brokerage represents both seller and buyer at the same deal.
It is required by RECO for the brokerage to disclose such information to the clients since, under this situation, the brokerage’s services are limited and more closely regulated.
The client is at liberty to sign or not.
If you are the home buyer, you would seriously judge the situation before signing your name since it may significantly impact your interests.