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Professional Standards Manual

Notice of Change: Information in this manual changed when new agency and disclosure rules came into effect on June 15, 2018. Learn more about the new rules.

General Information

4. Disclosures

(d) View Entire Section

This section of the Rules requires that a licensee must disclose to an unrepresented party the risks of non-representation, the limited assistance the licensee may provide to an unrepresented party, and a recommendation that the unrepresented party seek independent professional advice. The disclosure must be in a form approved by Council. A copy of the form must be retained by the brokerage.

5-10.1A licensee who makes a disclosure under section 5-10(1) to an unrepresented party in respect of a trade in real estate while representing a client to that trade in real estate must also disclose, in a form approved by the council,

(a) the risks to an unrepresented party of receiving assistance from the licensee due to the licensee’s duties and responsibilities to the client of the licensee,

(b) the limited assistance that the licensee may provide to the unrepresented party, and

(c)  a recommendation that the unrepresented party seek independent professional advice in respect of the trade in real estate

The mandatory Council-approved form is entitled “Disclosure of Risks to Unrepresented Parties

Find resources on this disclosure on the Council’s Licensee Knowledge Base, including:

[updated 06/15/2018]