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- The ban on dual agency does not apply to commercial real estate transactions or when two different real estate professionals represent the buyer and the purchaser. In these cases, it may be possible for a real estate professional to provide dual agency services.
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May 7, 2020 · To decide if the exemption applies to a specific transaction, ask yourself the following questions: Are there other real estate professionals and brokerages operating near the property that could provide representation?
It is up to you to decide whether you wish to enter into dual agency. You may wish to seek legal advice before making a decision. You can say yes or no to dual agency. A real estate professional can only proceed in dual agency if both clients consent and enter into an agreement of dual agency.
Mar 3, 2021 · Unless the dual agency exemption applies, you cannot act for both clients in this scenario (even with their consent) because it would amount to dual agency. Under Rule 65, you may resolve the conflict in one of two ways:
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.
Mar 25, 2021 · Since the restriction on limited dual agency was introduced in 2018, it has become more common for REALTORS® to work with unrepresented parties in a transaction. Dealing with unrepresented parties presents risks to both consumers and Realtors.
Apr 5, 2018 · As a result, there are many rules and regulations around the use of dual agency in real estate transactions – and some key do’s and don’ts. 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.
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.
