You may have started to read about some Real Estate changes that are about to take place in British Columbia.
Here is a 'Quick Guide' as to what is happening.
What Has Happened?
The body that regulates us (BC real estate professionals) has made changes to the Rules that govern how we can serve you:
- I, along with all BC real estate professionals, must comply with these new Rules which came into effect June 15, 2018.
- These new Rules were put into place by the provincial Office of the Superintendent of Real Estate and are intended to protect consumers.
What are the New Rules?
These new Rules ensure you receive specific types of information, and includes getting you to read certain documents and sign certain forms about:
- our remuneration,
- duties and responsibilities owed you, and
- the risks of relying on the limited assistance a real estate professional can provide when they are already representing another party to a transaction.
These new Rules also include...