New rules from the Superintendent of Real Estate that take effect on March 15, 2018 will require all BC real estate licensees to:
No longer provide dual agency (except in very rare circumstances);
Use a new mandatory Council form to disclose expected remuneration (i.e. payment) to clients;
Use a new mandatory Council form to explain to consumers the difference between being an unrepresented party and being represented by a real estate licensee as a client; and
Use a new mandatory form to inform consumers of the risks of being an unrepresented party in a real estate transaction.