10/18/2025
🏡 Thinking of Representing Yourself When Buying a Property to Save on Commission?
It might sound like a smart way to save — but under Ontario’s Trust in Real Estate Services Act (TRESA), updated December 1, 2023, that decision can come with serious risks.
If you choose not to work with a REALTOR®, you’re considered a self-represented party (SRP). The listing agent must provide you with the RECO Information Guide, but remember — they are legally obligated to act only in the seller’s best interest, not yours.
Many buyers believe that going directly to the listing agent will save them money.
However, unless the seller’s listing agreement specifically states that the commission will be reduced, the listing brokerage is typically entitled to keep the entire commission.
That means you may not save a cent — and you lose the benefit of professional representation and negotiation expertise.
Yes, you can have your lawyer review an offer — and you should.
But most lawyers have not seen the property, don’t provide market evaluations or comparables, and typically don’t negotiate terms or manage timelines. If they do, it’s usually billed hourly, which can become costly.
A REALTOR®:
âś… Writes and negotiates offers based on real-time market data and property knowledge
âś… Includes clauses to protect your interests (financing, inspection, title, zoning, etc.)
✅ Understands local trends, conditions, and pricing strategy — something lawyers aren’t trained to do
PM or call me and I will send you the complete RECO Information Guide.
