Buy a Home With a Real Estate Agent

Things Buyers Should Know About Real Estate

The process of buying a home can feel overwhelming, especially when so much information—and misinformation—is floating around. Many buyers unknowingly operate on limited knowledge about the real estate industry, leading to unnecessary confusion and mistakes. That’s why I’m here to break down the key points buyers often don’t fully understand about real estate.

1. Almost Everything is on MLS

The MLS (Multiple Listing Service) is where almost all listed properties can be found, with the exception of For Sale by Owner (FSBO) properties advertised on platforms like Kijiji or exclusive listings.

An exclusive listing means a seller has chosen one real estate agent or brokerage to market and sell their home. Unlike an MLS listing, it’s not publicly advertised—giving the seller more privacy and control, while buyers get access to properties that aren’t widely available.

Many buyers spend countless hours browsing multiple sites like Realtor.ca or Winnipeg Free Press Homes out of fear of missing a great listing. However, most of these sites pull their data directly from MLS with the exception of Winnipeg Real Estate News, which your agent will write the ad, when the property is listed on the MLS. 

Working with a REALTOR® means you’ll get access to MLS listings tailored to your desired criteria, saving you hours of unnecessary searching.

As your agent, I will set up a portal with a custom property search for you that automatically sends new listings straight to your inbox. If this isn’t showing what you’re looking for, we will collaborate to refine your search filters.

Here's how it works, 

2. Understanding Agency Relationships

In every real estate transaction, there are three possible agency relationships,

• Single Agency: One agent represents one party—either the buyer or the seller.
• Dual Agency: The same agent or firm represents both buyer and seller. This requires disclosure and limited representation for both parties.
• No Agency: The agent facilitates the paperwork but represents neither party, only fulfilling ethical and legal responsibilities like honesty and fairness.

Knowing the type of relationship you’re entering into ensures you understand who is working in your best interests.

• Without comparative market data, you risk overpaying. Home-buying is based on Buyer Beware, so having your own agent protects your interests.

The most common agent and client relationship is Single Agency. 

3. Working With the Listing Agent Won’t Get You a Deal

Some buyers assume going directly to the listing agent will save them money. However, the listing agent represents the seller, not the buyer. Without knowledge of market comparables, buyers can easily overpay, thinking they’re getting a deal. Remember, the home-buying process operates on the principle of Buyer Beware. Always have someone on your side who understands the market.

4. REALTORS®  Get Paid Through Commission

REALTORS® only earn a commission when you close on a home, meaning they’re investing time, effort, and resources upfront without any guarantee of payment. If you’re working with multiple agents or aren’t committed to one, let them know. Transparency allows agents to decide how to best allocate their time and resources.

5. Buyers Don’t Pay the REALTOR® Commission

A common misconception from buyers is to think they will pay their agent’s commission. In reality, the seller typically covers the commissions for both their agent and the buyer’s agent. This system allows buyers to access professional representation at no direct cost. So, don’t hesitate to work with a REALTOR® of your choice—it’s a resource you won’t want to miss!

6. Calling the Listing Agent When You Have an Agent

If you’ve already chosen an agent, communicate exclusively through them. Listing agents aren’t obligated to assist buyers they don’t represent, and it can lead to unnecessary confusion. Additionally, your own agent can protect your interests during negotiations by avoiding slip-ups that could weaken your bargaining position.

The "Working with a REALTOR®" brochure in Manitoba is a helpful guide that explains the different types of relationships you can have with a real estate professional. It’s designed to ensure you understand who represents whom, what duties are owed to you, and what your options are before getting into a real estate transaction.

Here’s a quick breakdown of what it covers,

🔹 Single Agency – The REALTOR® represents you exclusively (either as a buyer or seller).
🔹 Limited Joint Representation – The REALTOR® works with both the buyer and seller in the same transaction, but with limited duties (like confidentiality and full advocacy). This requires written consent from both parties.
🔹 Customer Status – You’re not a client, but the REALTOR® still owes you honesty and fairness. No fiduciary duties apply.

It also explains the Service Agreement—a contract that outlines what your REALTOR® will do for you, including duration, responsibilities, and expectations.

You’ll usually review and sign this brochure before any paperwork is signed, just to make sure you fully understand your rights and choices. If you'd like a copy or want to go through it together, I can walk you through the key points anytime!

7. Showings Require Scheduling

Scheduling a showing isn’t as simple as knocking on a door. Agents must book appointments with sellers, often with several hours' notice. For tenant-occupied properties, at least 24 hours is required. Respecting this process helps sellers prepare their homes and ensures everyone’s time is used effectively.

On the day of showing, we can arrange for multiple showings all within a certain amount of time, which will be mapped out for you accordingly. If you’re running late or need to cancel a showing, I can promptly inform the sellers agent to avoid inconveniencing the sellers.

8. Communication Goes Both Ways

Clear communication is key to a successful home-buying experience. Discuss your expectations, timelines, and needs with your agent early on. If your goals or preferences change, share those updates so your agent can adjust their approach. An open line of communication helps everyone stay on the same page.

9. Agents Do More Than Show Homes

REALTORS® bring invaluable expertise to the table. From market knowledge and negotiation skills to a network of trusted professionals like mortgage brokers, home inspectors, and contractors, agents offer much more than just home tours. Their connections, provide a reliable support system during the buying process.

10. Real Estate is About Relationships

For REALTORS®, building long-term relationships with clients is the cornerstone of their business. A great agent will continue to support you even after the sale—whether it’s providing advice on renovations, helping you evaluate your home’s value, or offering market updates.

If you’ve had a positive experience with your real estate agent, referring them to friends and family is the highest compliment you can give.

Final Thoughts

Real estate can seem complex, but with the right knowledge and representation, the process becomes much smoother. Understanding these key points will empower you to make more informed decisions.

If you’re ready to dive into the Winnipeg real estate market, I can guide you every step of the way. Let’s find your dream home together!