Dual Agency

Conflicts of Interest: Sound Judgment Required #543

As Brian Taylor summarized in his February 26, 2021 Legally Speaking article, Learning from an RECBC Discipline Decision #535, the disciplinary landscape for real estate professionals changed dramatically in September 2016. Most starkly, fines and penalties were greatly increased by the then regulator, the Real Estate Council of BC (RECBC). But there is no need

Implied Agency: If It Quacks Like a Duck, It May Be a Duck! #503

Implied agency is very much on the brain these days with the Superintendent of Real Estate’s new rules on agency now in effect. Rule 5-10.1 requires that licensees use a new form from the Real Estate Council of British Columbia to disclose the risks faced by unrepresented parties, the limited assistance that licensees can provide

AMENDED: New Rules to Profoundly Change How REALTORS® Work With Consumers

This news release was amended to correct inaccuracies regarding potential conflicts of interest, disclosures regarding remuneration and to add comment on the impact of the Rule changes. The corrections are italicized for clarity. Vancouver, BC – June 15, 2018. On June 15, 2018, changes to Rules under the Real Estate Services Act that dictate how

“Limited Dual Agency Or No Agency,” There Is A Different #446

Legally Speaking

A recent case illustrates the pitfalls awaiting brokerages and REALTORS® when choosing to act as a limited dual agent.1 A couple engaged a brokerage and REALTOR® to assist them in the purchase of a house (the Grandview property). The Contract of Purchase and Sale for the Grandview property was subject to the sale of their