In British Columbia, if a listing agent presents an offer to their seller client that contains an unusual clause they don't understand, what is their professional obligation?
Correct Answer
D) Recommend the seller seek independent legal advice regarding the unusual clause
Real estate agents must present all offers but should recommend legal advice when they encounter terms beyond their expertise. Agents cannot provide legal advice or modify offers, but they have a duty to ensure their clients understand the importance of seeking appropriate professional guidance.
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In British Columbia, a buyer waives their financing condition. After the three-business-day home buyer rescission period has passed, the buyer's pre-approved mortgage is revoked because of a change in employment that occurred after the waiver. What legal recourse does the buyer have?
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