What is a Buyer Representation Agreement and do I have to sign one in Ontario?
A Buyer Representation Agreement (BRA) is a written contract between you and a real estate brokerage that sets out the terms on which the brokerage will represent you as a buyer. Under Ontario regulations that took effect in recent years, buyers must sign a BRA before being shown properties by an agent who intends to represent them.
The BRA specifies the geographic area covered, the type of property being sought, the duration of the agreement, and how the brokerage will be compensated — including what happens if the listing side is not offering a buyer's agent commission that meets the BRA amount.
Signing a BRA is not the same as hiring a lawyer and does not replace legal representation. The BRA governs your relationship with your agent; a real estate lawyer governs the legal side of the transaction. You can ask to limit the BRA's duration, geographic scope, or termination conditions before signing. If you are uncomfortable with any term, negotiate it or seek advice before signing, as it is a binding contract.
Key takeaways
- Ontario requires buyers to sign a BRA before being shown properties by a representing agent.
- The BRA sets out compensation terms, including potential buyer-pay obligations.
- It is negotiable — review the duration, area, and compensation terms before signing.
- A BRA is not a substitute for legal representation by a real estate lawyer.