Under BC's Real Estate Services Rules, which situation is dual agency?
Correct Answer
B) One brokerage representing both the seller and the buyer as clients in a trade
Rules s. 1 defines dual agency as a brokerage representing, in a trade, both the seller and the buyer as clients (and similar pairings, including competing buyers with conflicting interests). It is defined at the brokerage level, and s. 63 prohibits it except in under-served remote locations.
Why This Is the Correct Answer
A single brokerage representing both seller and buyer as clients is the first category in the definition of dual agency.
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Where BC's under-served remote location exception applies, what must a licensee do before providing any trading services that constitute dual agency?
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