Buyers

Yukon’s Current System

The Yukon is currently using a Vendor Agency system. This means that all Realtors, regardless of working with buyers or sellers, are, in actual fact, exclusively representing the Vendor (seller). In Vendor Agency Realtors represent the seller, either as a Listing Agent, under a listing agreement, or as a Sub-Agent, by cooperating with buyers – typically through the Multiple Listing Service.

Due to the Vendor Agency system currently used in the Yukon, Buyers are provided the duties and services associated with that of a Customer. A Customer, by Canadian Real Estate Association is described as ‘a consumer who receives valuable information and assistance from an agent, but is not represented by that agent’.

Yukon’s Future System

The Yukon is moving to adopt what is referred to as a Designated Agency system. In the near future under this system, agents will be able to wholly represent a Buyer, in which case, the buyer then becomes a CLIENT rather than remaining a CUSTOMER. Because this method of representation will align us with what most Buyers expect when working with an agent and with the way Buyers are represented in most of Canada, Designated Agency will better serve the public. Watch our web site and local news for information as this new system comes to the Yukon.