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Can real estate professionals engage in dual agency in BC?
Is dual agency legal in BC?
What is dual agency?
Can a brokerage engage in dual agency?
Can a real estate agent have a dual agency?
Does the dual agency exemption apply in British Columbia?
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.
May 4, 2021 · Dual agency, when permitted, and working with a past client on the other side of a transaction, are just a couple of examples that could require you and your client to modify your agency relationship by adjusting the duties owed to them.
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;
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.
Jun 15, 2018 · New rules for the B.C. real estate industry come into force Friday and the Real Estate Council of B.C. says those changes will better protect buyers and sellers. In a statement, the council...
