They kick off the episode by defining agency and outlining the six key fiduciary duties your agent owes you, complete with examples to illustrate how these responsibilities benefit consumers. They also clarify the differences between designated agency and brokerage representation, discuss recent changes from the Trust in Real Estate Services Act, and touch on considerations for self-represented parties.

Kyle shares insights from the National Mortgage Brokerage conference he just attended in Montreal. Our hosts also talk about their experience with the Magic Mind mental performance shot and challenge a listener who depends on energy drinks to give it a try! One lucky listener will win 15 free shots—if you’re interested in this challenge, reach out to [email protected].

This episode is jam packed with insights that you will not want to miss. Keep it REAL Collective!

To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/

Book a meeting with Sean or Kyle today!

Sean: https://calendly.com/seanrealcollective

Kyle: https://calendly.com/kmmortgage/phone-connect

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Intro (0:00)

What does Agency mean? Trust in Real Estate Services Act (2:30)

Defined by 6 fiduciary responsibilities (3:19)

Confidentiality (3:50)

Accounting (6:30)

Reasonable Care and Skill (7:16)

Disclosure (8:24)

Loyalty (8:58)

Obey Directions (10:45)

REAL is an acronym (11:24)

National Mortgage Broker Conference in Montreal – update from Kyle (12:13)

How are fixed rates priced? (14:04)

The bottom line was...(15:40)

The benefits of Magic Mind (16:30)

Sean’s challenge to a daily energy drinker – reach out to Sean! (18:00)

Kyle’s experience with Magic Mind (18:46)

Back to Agency (20:43)

Difference between designated agency and brokerage representation (21:20)

Consumer has the right to choose to be self-represented (26:55)

Mortgage Agent Perspective (30:58)

32:39 (Outro)