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Preface

Trademarks

Throughout this book, I use the terms REALTOR®, MLS® and Multiple Listing Service®. Every time these trademarks are used, they must be accompanied by the following statements.

“The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license”

“The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license”

Since it is not practical to insert these statements throughout the book because of their frequent usage, the above statements are implied.

Because REALTORS® are members of the Canadian Real Estate Association, this allows us to have access to the Multiple Listing Service®, or MLS®, the most complete and powerful listing service available. The MLS® Systems are financially supported by their memberships.

It does not follow that all real estate agents are REALTORS®. If they do not belong to a real estate board that is a member of CREA, they are simply real estate agents and not REALTORS®. As such, they do not have access to the MLS® Services.

REALTOR® - Definition

Throughout Canada, there are almost 100,000 REALTORS®/brokerages working within over 100 real estate boards and associations.

REALTORS® subscribe to CREA’s Standards of Business Practice and The Code of Ethics. As such, you, the consumer, have the right to expect the highest professional standard of conduct and the best of service. It also requires that you are competently represented and that our dealings display the highest level of integrity and fairness.

This includes continued mandatory education to ensure competence and effectiveness.

The Code doesn’t gather dust in some archive but is alive and well! Any complaints from the consumer are taken very seriously and are immediately addressed by the respective local real estate boards. Depending on the severity and complexity of the complaint, it may be elevated to a higher level of authority.

Guidelines to Consider

I and my co-authors are based in Victoria, British Columbia, Canada. As such, we are governed and must follow the specific guidelines of our respective provincial/federal associations.

Even though some of the contents of this book, such as terminology and forms used, are specific to a jurisdiction, there are ample general concepts discussed that can be most helpful across jurisdictions.

The intent of this book is not to provide you with all the answers with respect to buying and selling real estate. It is to provide you with an understanding of the general principles involved in the real estate process. In turn, this will enable you to proceed with greater confidence and empower you to ask the appropriate questions of professionals in your particular province or jurisdiction.

The Real Estate Process: Pros Discuss Buying & Selling Your Home

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