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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.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

(c) Disclosure of Representation in Trading Services

Section 5-10 of the Rules outlines the information that must be disclosed by a licensee before providing trading services, about whether or not the licensee will represent a party as a client.  

5-10 (1) Before providing trading services to or on behalf of a party to a trade in real estate, a licensee must disclose to the party whether or not the licensee will represent the party as a client.

(2) A disclosure made under subsection (1) must be in a form approved by RECBC and include the following information:

(a) the duties and responsibilities of licensees to clients and unrepresented parties;

(b) how to file a complaint about a licensee’s conduct.

(3) Unless a licensee solicits or receives information from a party about the party’s motivation, financial qualifications or needs in respect of real estate, a disclosure to the party is not required under subsection (1) when the licensee is only

(a) hosting an advertised open house, or

(b) providing factual responses to general questions from the party.

The approved mandatory form is the Disclosure of Representation in Trading Services. See RECBC’s Licensee Knowledge Base for:

  • a Guide for Licensees to using the Disclosure of Representation in Trading Services
  • FAQs about when and how to make this disclosure to consumers
  • a video about using the disclosure form with consumers.

A copy of the form must be retained by the brokerage.

[updated 06/15/2018]