New Toolkits Available for Limited Dual Agency Agreements
CATEGORY: Standard Forms
TAGS: Limited Dual Agency Limited Dual Agency Agreement (Acting for both Buyer/Tenant and Seller/Landlord) Limited Dual Agency Agreement (Competing) Standard Form Toolkits Standard Forms Resource Centre
BCREA has launched two new toolkits in the Standard Forms Resource Centre to help REALTORS® navigate dual agency scenarios. The toolkits cover the Limited Dual Agency Agreement (Competing Buyers/Tenants) and the Limited Dual Agency Agreement (Buyer/Tenant and Seller/Landlord). Each of the toolkits include an introduction to the form, FAQs, an annotated version of the form, an interactive How-To-Complete guide and Business Practice Considerations/Guidance.
Why these toolkits were created
Dual agency is not allowed under the Real Estate Rules, except in some very limited circumstances, which makes it all the more important that Realtors can advise consumers with confidence on the ins and outs of such relationships. The Limited Dual Agency Agreement (Competing Buyers/Tenants) and the Limited Dual Agency Agreement (Buyer/Tenant and Seller/Landlord) standard forms were created to ensure Realtors have informed consent from all parties involved prior to providing services under dual agency. The new toolkits are designed to give Realtors an in-depth understanding of how to work with these standard forms.
In particular, these toolkits answer questions like:
- How do I determine if a transaction is exempt from dual agency restrictions? and
- Why do I need a limited dual agency agreement if I’ve completed a Disclosure of Risks Associated with Dual Agency?
Click here to view the Limited Dual Agency Agreement (Competing Buyers/Tenants) Toolkit.
Click here to view the Limited Dual Agency Agreement (Buyer/Tenant and Seller/Landlord) Toolkit.
About the Standard Forms Resource Centre
These new toolkits are just two of the many toolkits available through BCREA’s Standard Forms Resource Centre. This comprehensive platform is the go-to resource for standard forms training materials and was created to help Realtors and managing brokers make the most of BCREA standard forms and raise the bar professionally.
To access the Standard Forms Resource Centre and start browsing the toolkits and other training materials, visit and bookmark bcrea.bc.ca/sfresources. You can also access the Resource Centre from the Standard Forms page on the BCREA website. You will be required to login using your BCREA Access username and password.
The Standard Forms Resource Centre is also home to a variety of other standard forms resources, including:
- the Standard Forms FAQ, a compilation of common standard forms questions and answers,
- the Standard Forms Resources Index where you'll find links to all standard forms resources, including the standard forms tutorial videos,
- the BCREA Clause Catalogue,
- the Standard Forms Revision Request Form, where Realtors and managing brokers can request new forms or form changes, and
- a summary of recent form revisions.
Keep an eye on the Resource Centre for more information about upcoming form releases and new resources! If you have questions, please email [email protected].
To subscribe to receive BCREA publications such as this one, or to update your email address or current subscriptions, click here.
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