New Rule From the Real Estate Council of BC

//New Rule From the Real Estate Council of BC

New Rule From the Real Estate Council of BC

The Real Estate Council of BC recently announced a new rule to be effective June 15, 2018.  The new rule (in a nutshell) prohibits Real Estate Agents to partake in “dual agency”.   Dual Agency means the representation of both the Buyer and Seller in a real estate trade.  This protects the consumers since the interests of the Buyer and Seller, by nature, are a conflict.  Many experienced and cautious real estate agents have already implemented this practise as a personal policy.   It also protects the agent in a way where it minimizes the potential for legal suits based on non-disclosure or not acting in the client’s best interest.  In June of this year, it will no longer be an option.

 

2018-04-06T09:22:56+00:00 March 20th, 2018|Burnaby-Vancouver Real Estate News|