In British Columbia, what document must be signed before a real estate agent can represent a buyer in property viewings and negotiations?
Correct Answer
C) Buyer Representation Agreement
In British Columbia, a Buyer Representation Agreement must be signed before an agent can represent a buyer in viewing properties or making offers. This agreement establishes the agency relationship, outlines the agent's duties, and specifies the terms of representation including compensation.
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During the offer process, what happens when a seller receives multiple offers on the same day?
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In British Columbia, if a buyer's agent learns that their client has a bankruptcy in their credit history that could affect financing, and the same agent is also representing the seller under multiple representation, what should the agent do?
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