In British Columbia, when can two licensees at the same brokerage act for the buyer and the seller in one trade without it being dual agency?
Correct Answer
B) When each is designated in writing as designated agent for a different party
Rules s. 63(2) says the designation of licensees as designated agents does not constitute dual agency unless the same designated agent represents both parties. Under s. 32 a brokerage may designate one licensee for the seller and a different licensee for the buyer.
Why This Is the Correct Answer
Section 63(2) excludes designated agency from dual agency as long as different licensees are designated for the different clients.
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