This is a short summary how Real Estate is ruled in Alberta.

First, you need a licence to trade in Real Estate in Alberta. This does not apply when you try to sell your home yourself.

When you decide to sell or buy with an agent, now called associate, you will see the following:

Single Agent:

This person will work only for you in a transaction.
1. Owes you loyalty
2. Has to follow your instructions lawfully
3. Has to keep your information confidential, even when this relation has ended!
4. Has to help you with reasonable care and skills
5. Has to disclose everything you should have to know regarding the price or what will influence your decision.
6. Full accountability; for all money and property placed in the agents hand wile acting for the client

Dual Agent:

This person will work for buyer and seller
1. Owes You loyalty
2. Will try to follow your instructions lawfully, as far as they do not interfere with the others party’s interest
No confidentiality to other party except:
· That you will pay a higher price than offered
· That you will accept a lower price than asked
· The reason, Why you are buying or selling

You have to give written permission to have somebody work for you as a Dual Agent. This has to be done early in the process. When you decide to have somebody work for you as a Dual Agent, be sure you know you are well represented. 

Transaction Brokerage

This office will work for you to get the transaction done for the seller and the buyer