Kelowna Real Estate Market News

REVISED POST

 

In speaking to my Clients and Members of the General Public, I am becoming increasingly aware that they have not heard how the changes to the BC Real Estate Consumer Rules will change. This change was originally due to take place on March 15th, 2018, but the Superintendent of Real Estate has now put this back until June 15th, 2018.

 

NOTE - AS OF MARCH 26TH, 2018 THE SUPERINTENDENT OF REAL ESTATE IS LISTENING TO FEEDBACK FROM REAL ESTATE AGENTS AND THE GENERAL PUBLIC AND SOME OF THESE RULES ARE LIKELY TO BE AMENDED.

 

Here is a summary of the changes, so far.


Disclosure of Representation
 
The Superintendent of Real Estate has created a new rule that requires a licensee to disclose to a consumer, at the outset of their dealings:
  • whether the licensee will be able to represent the consumer as a client,
  • what the duties and responsibilities of licensees are to clients and unrepresented parties, and
  • how to file a complaint about a licensee's conduct....
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