New Video Explains the Fee for Service Retainer Agreement Form to Consumers

BCREA has created a new video to help REALTORS® explain the Fee for Service Retainer Agreement form to consumers. This form is used by consumers to hire a brokerage to provide specific services tailored to their needs. 

This video explains when to use the Fee for Service Retainer Agreement form, what Realtors need to explain to consumers prior to entering into a Fee for Service Retainer Agreement and what actions Realtors can take if working with unrepresented parties.

If you want to learn more about the Fee for Service Retainer form, there is a toolkit available on the Standard Forms Resource Centre (BCREA Access login required). As with BCREA Standard Form toolkits, this toolkit includes an introduction to the form and frequently asked questions (FAQs) such as:

1. Why would you use the Fee for Service Retainer Agreement instead of a fee agreement?
2. Does the Service Recipient need to sign this form?
3. Does the Realtor need to provide any Disclosure of Representation forms to the service recipient?

After you've enrolled in the toolkit, click "start learning now" to access the form materials and FAQs. 

To access all Standard Forms resources available, including form guides, revision guides, videos for Realtors and consumers, form toolkits and more, please visit the Standard Forms Resource Centre.

If you have questions on Standard Forms, please email standardforms@bcrea.bc.ca.

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