Search results
Can use the exemption
- Real estate professionals can use the exemption and provide dual agency to clients in remote and underserved locations where it is impracticable for the parties to be represented by different real estate professionals.
www.bcfsa.ca/industry-resources/real-estate-professional-resources/knowledge-base/guidelines/use-dual-agency-exemption
People also ask
Can real estate professionals use a dual agency exemption?
Can a real estate agent use a dual agency?
What is dual agency?
Can real estate professionals engage in dual agency in BC?
Can a brokerage engage in dual agency?
Does the dual agency exemption apply to a transaction?
May 7, 2020 · Real estate professionals can use the exemption and provide dual agency to clients in remote and underserved locations where it is impracticable for the parties to be represented by different real estate professionals.
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 ...
May 6, 2020 · In any real estate transaction you must always consider the best interest of your client. In rural and remote parts of the province, real estate professionals representing clients with competing interests should consider whether the dual agency exemption applies.
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.
They have stated that real estate professionals in BC must not engage in dual agency unless all of the following requirements are met at the discretion & approval of the council: The property is in a remote location. That location is under-served by real estate professionals.
Apr 5, 2018 · Here is a few dual agency do’s and don’ts for real estate agents and tips for buyers and sellers. DO #1: Be Upfront About the Multiple Representation Situation. Any agent or brokerage that represents both the buyer and the seller must notify both parties in writing. But notification isn’t enough.
Jun 11, 2018 · As of June 15, 2018, there is a ban on dual agency in B.C. However, there is a narrow exemption for licensees to practice dual agency if all three of the following requirements are met: the real estate is in a remote location; the location of the real estate is under-served by licensees;
