A BC licensee represents two buyer clients, and both now want to make competing offers on the same property. Under the Real Estate Services Rules, how may the licensee continue?
Correct Answer
A) Represent only one buyer, with written agreement from both in the approved form
Representing two buyers with conflicting interests in the same trade is dual agency under Rules s. 1, and s. 63 prohibits it. Section 65 lets the licensee either stop acting for both in that trade or represent only one, and only after getting written agreement from all clients in a form approved by the superintendent.
Why This Is the Correct Answer
Section 65 allows the licensee to keep representing one buyer only after all clients sign the approved written agreement. That is the only way to continue in this trade.
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