• Victoria
  • Sidney
  • Saanich Peninsula
    250-656-4626
In your neighbourhood...
  • Victoria
  • Sidney
  • Saanich Peninsula
    250-656-4626
In your neighbourhood...

Blog

New Chair For The Real Estate Council of BC - Tag: Policy

Posted by Jack Barker

The Government of British Columbia has appointed Elain Duvall as the new chair of the Real Estate Council of British Columbia, with a mandate to protect the public interest in the province’s real estate sector. RECBC will be working under Ms. Duvall’s leadership to achieve a province where real estate consumers have confidence in competent and ethical real estate professionals. In co-operation with the Office of the Superintendent of Real Estate and the Ministry of Finance, they work to ensure that BC's real estate sector is trusted and effective.

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Teams, Agency and Disclosure: New Dual Agency Rules - Tag: Policy

Posted by Jack Barker

On June 15, 2018, consumer protection rules from the Superintendent of Real Estate will take effect. The goals of the rules are to ensure consumers are well-protected, well-informed, and can benefit from the undivided loyalty of a real estate licensee who is acting in their best interests. These rules will protect consumers by:

  • Prohibiting limited dual agency in almost all cases, and
  • Requiring new disclosures about commissions, services to expect from a licensee, and the risks of being an unrepresented party in a real estate transaction.

The Superintendent’s rules will change the way real estate is practiced in BC, and will enforce the fundamental REALTOR® duties of undivided client loyalty, confidentiality, managing conflicts of interests, and informed client consent.

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