Which statement correctly describes the general rule on dual agency in the BC Real Estate Services Rules?
Correct Answer
A) A brokerage must not engage in dual agency, save one exception
Rules s. 63(1) states the general rule in one line: a brokerage must not engage in dual agency. The only exception is s. 64 for under-served remote locations; consent or a reduced commission does not create an exception.
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A BC brokerage relies on the under-served remote location exception to act for both the buyer and the seller. After it signs the written dual agency agreements, what must it do with the dual agency disclosure?