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- In British Columbia, dual agency is prohibited, but there is an exemption that real estate professionals can use in certain situations.
www.bcfsa.ca/industry-resources/real-estate-professional-resources/knowledge-base/guidelines/use-dual-agency-exemption
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May 7, 2020 · In British Columbia, dual agency is prohibited, but there is an exemption that real estate professionals can use in certain situations.
Feb 4, 2020 · Restriction on Dual Agency in Trading Services. Dual agency — when a licensee represents two or more parties with competing interests in a trade in real estate, such as both buyer and seller, or two or more competing buyers — is prohibited, except in rare circumstances. See Use of Dual Agency Exemption for more information on these ...
Nov 2, 2022 · The Disclosure of Risks Associated with Dual Agency is just a disclosure and not a contract. You need to enter into a Dual Agency agreement with your clients and brokerage.
Sep 20, 2024 · Each calendar year is a new exemption year. Any remaining exemption from the previous year does not carry over into the new exemption year. In a family unit containing two recipients, both recipients do not have to be employed to be eligible for the maximum exemption.
Dual agency in under-served remote location. 64 (1) Despite section 63, a brokerage may engage in dual agency in respect of a trade in real estate if the real estate is in a remote location that is under-served by licensees and where it is impracticable for the parties to be provided trading services by different licensees.
Nov 22, 2023 · Owners are exempt for a calendar year on a secondary residence if it is periodically occupied by the owner (or owner’s spouse or child) to obtain treatment needed in the opinion of a medical practitioner, and the treatment facility is in close proximity to that second home.
Mar 8, 2018 · Dual agency is when the same realtor acts for both the buyer and the seller during a property transaction. The practice is commonplace across Canada, but as of March 15, it will be illegal in the province of British Columbia.
