A REALTOR® in Canada is a trademarked Real Estate professional who is a member of the Canadian Real Estate Association (CREA) and pledges to abide by the strict Code of Ethics set by CREA while dealing with clients / customers, the public and other REALTORS® in the event of a sale of a commercial or residential property.
REALTORS® adhere to a set of ground rules for their behavior in the profession, attend educational courses and are aware of financial obligations and matters that could affect a real estate transaction. In addition to working in the best interests of the client, if you hire a REALTOR®, you can rest assured that the person you are interacting with is someone who:
- Holds an active real estate license
- Is part of a real estate firm
- Has a managing broker
- Is held to a high ethical standard
What are the benefits of using a REALTOR®?
Since REALTORS® are skilled professionals authorized by CREA to conduct Real Estate transactions under a Managing broker. They can be of critical importance in:
- Setting a selling price
- Performing price negotiations
- Preparing the paperwork
- Assisting in understanding financing
How do I find a REALTOR® in my area?
Realtor.ca allows you to perform location-based search which provides users with listings and the concerned REALTOR® for each listing.
If you are looking to find a REALTOR® in Kamloops and area, you can perform a search in our Business Directory. KADREA lets you search for a REALTOR®, based on a REALTOR®’s area of interest. Eg: Ranch, Strata, Rental etc.
Is it necessary to get a REALTOR®?
Most people would not consider buying or selling their homes without a REALTOR®. This is because REALTORS® are trained and experienced in both the buyer as well as the seller market. Hence they behold valuable market information and are knowledgeable on critical aspects of Real Estate transactions. When people don’t get REALTORS®, there can be a chance where they miss out on opportunities currently in the market.
Does it cost to get a REALTOR®?
The amount of commission REALTORS® charge is a negotiable figure and varies from REALTOR® to REALTOR®. This is decided at the time of signing the listing contract. Standard practice is that the buyer’s agent and the seller’s agent (listing agent) split a commission fee that’s paid by the seller.
What is the difference between a Managing Broker and REALTOR®?
The Managing Broker is the designated manager for all affairs and licensees of the brokerage, as per the requirements of the Real Estate Council of British Columbia. Having fulfilled mandated requirements, the managing broker oversees the actions and contracts of all licensees in the brokerage.
All REALTORS® must comply with the brokerage policies and procedures, which are enforced by the managing broker.
Are REALTORS® government officers?
How can I find out if someone is actually a REALTOR®?
If you are in contact with a REALTOR® in Kamloops and area, you can confirm their identity by searching them using their First or Last name here Business Directory. KADREA maintains a complete list of all REALTORS® in the Kamloops region.
Otherwise, you can also perform that comprehensive search on https://online.recbc.ca/licensee-search (unofficial).
How do I make a complaint against a REALTOR®?
If there is something you would like to share about your experience with a particular REALTOR®, you should first contact the Managing Broker of the REALTOR®’s brokerage.
If further action is needed after speaking with the managing broker, please visit the ‘Support’ page of this website to determine if you should contact KADREA or the Real Estate Council of BC.