You’ve likely heard the buzz in our BC headlines over the summer of 2018 about the new DORT forms (Disclosure Of Representation in Trading Services).
It’s true that we, as REALTORS® are subject to a number of new rules imposed by the Real Estate Council this year.
These rules have specifically been designed to protect you, the consumers.
The new rules intend to do this by:
- increasing the number and frequency of disclosures that real estate licensees must make to consumers
- in almost all cases, preventing real estate licensees from acting for both a buyer and a seller in the same transaction.
Limited Dual Agency is all but banned province-wide, and before a buyer or seller can receive any real estate advice, that buyer or seller must sign a new form. This also means the buyer or seller should not provide any personal information to the realtor prior to, as well.
We’ve included a short video to clear up any confusion there might be about this form, which is called the Disclosure of Representation in Trading Services.
If you still have any questions about this (and you won’t be alone!) about what this means if you’re a buyer or seller in British Columbia, please don’t hesitate to reach out.
We’re always here for you and would love to chat!
Contact us here.
Thanks for reading!