Ban moves ahead in B.C. against same real estate agent for buyer and seller

New real estate consumer protection rules to take effect in March

Real estate agents will no longer be able to act on behalf of both buyers and sellers in B.C. as of next March, the province has announced.

The practice, known as dual agency, remains legal everywhere else in Canada.

The government proposed the new real estate consumer protection rules in September, sparking pushback from the B.C. Real Estate Association. President Jim Stewart say the regulations would limit choice for clients.

READ MORE: New rules would ban Realtors from representing both buyers and sellers

The province acknowledges that problem for buyers and sellers in remote communities, so have made an exemption for cases where “a particular property is so remote as to make finding another agent extremely difficult.”

Still, Stewart said clients who have forged a close relationship with their agents will lose out under the new regulations, as they’ll be prohibited from working with only agents they trust.

Other rules being brought in include requiring better disclosure of real estate licensee remuneration, and making sure consumers know their rights and warn them of the risks.

The new rules stem from recommendations issued in a report last year to the Real Estate Council of BC, which examined the framework for real estate in the province.

The report was prompted by allegations that some real estate agents were flipping homes multiple times before a deal closed, also known as “shadow flipping,” that drove up prices and commissions.

The report also found that a Realtor representing more than one party in the transaction of a property could hinder their ability and duty to act in the best interests of the client.

Just Posted

Reel Reviews: Parlour games or video games

We say, “Rampage is silly fun and Truth or Dare is just silly”

Rain barrels, compost bins popular on Earth Day in Kelowna

Regional District’s annual sale sees all rain barrels sell in 90 minutes

Boil water notice in effect for Peachland

Interior Health recommends all customers drink boiled water or a safe alternative.

Final week for ALR input

Public consultation process closes April 30

Tax increase proposed to meet Lake Country facility maintenance gap

A draft of the Parks and Recreation Master Plan proposes tax increases

REPLAY: B.C. this week in video

In case you missed it, here’s a look at replay-worthy highlights from across the province this week

Ballet Kelowna drives classic hit through Okanagan

A Streetcar Named Desire is at the Kelowna Community Theatre May 1-2, Vernon May 4

Low fog creates stunning views near Sicamous

Motorists on the highway between Salmon Arm and Sicamous were treated to spectacular scenery.

Dix says B.C. remains focused on fighting youth overdoses in wake of teen’s death

Elliot Eurchuk’s parents say he died at his Oak Bay home after taking street drugs

Okanagan-Similkameen freshet looms large: district

Regional District of Okanagan-Similkameen says property owners have window to prepare for flooding

‘When everybody leaves: Counselling key to help Humboldt move on after bus crash

Dealing with life after a tragedy can be the worst part following a loss

KWIC swimmers compete in Montreal, Victoria

Kelowna-West Kelowna swimmers take to the pool at nationals and westerns.

Half-naked shooter guns down four, runs away in Nashville Waffle House shooting

Nashville police say they are looking for Travis Reinking in connection with the shooting

Child’s body found in river downstream from where boy went missing during flood

Three-year-old Kaden Young was swept out of his mother’s arms in February

Most Read