What Is a Buyer’s Representation Agreement (BRA)?

A Buyer’s Representation Agreement (BRA) is a contract that defines your relationship with a realtor, outlining services, responsibilities, and compensation.

In Toronto, when you choose to work with a buyer agent, you’ll often be asked to sign a Buyer’s Representation Agreement. While not legally mandatory, this document protects both you and your realtor by putting your working relationship in writing.

Why Does the BRA Matter?

It ensures transparency by clarifying what your agent will do for you, how long they’ll represent you, and how they’ll be compensated.

Here’s what a BRA covers:

• Representation: Confirms your agent is legally obligated to work in your best interests.
• Services: Outlines what the realtor will provide market searches, showings, negotiations, and guidance through closing.
• Timeline: Specifies the duration of the agreement (e.g., 60 or 90 days).
• Compensation: Explains how the agent will be paid. In most MLS-listed transactions, the seller covers the buyer agent’s commission. Exceptions (such as off-market properties) will be outlined here.

Should Buyers Be Cautious About Signing a BRA?

Yes, read it carefully, ask questions, and make sure you’re comfortable with the terms before committing.

The Fox Marin Team believes transparency is everything. They walk clients through each clause of the BRA, ensuring they understand the fine print, the commission structure, and the services they’ll receive. That way, you know exactly how Fox Marin will represent your interests before you sign.;

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