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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.
May 4, 2021 · Dual agency is permitted under very restricted circumstances. Under the brokerage agency model, dual agency can occur when one real estate professional represents a buyer and seller in a transaction, or two buyers are competing for the same property.
Jan 25, 2020 · Key Takeaway: Dual agency in BC real estate transactions, where one agent represents both the buyer and seller, can be rife with conflicts of interest. Recent regulatory changes prohibit most dual agency situations, but exemptions apply in remote areas. Understanding the risks is essential.
Feb 4, 2020 · 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.
Restriction on dual agency in trading services. 63 (1) A brokerage must not engage in dual agency.
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;
Mar 8, 2018 · What is dual agency? 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.
