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Value of Working with a Realtor

Buying or selling real estate is complex, time-consuming, and carries significant financial consequences. REALTORS provide professional representation tailored to your needs—whether that’s pricing guidance, marketing, negotiation, or advice on conditions.

 

Services May Include:

  • Pricing your home or crafting a purchase offer

  • Listing on MLS® and marketing online, in print, or via open houses

  • Negotiating price, terms, and conditions

  • Providing advice on legal clauses and subjects

 

Protection & Standards:
REALTORS operate under strict provincial laws, the Real Estate Services Act, and the REALTOR Code of Ethics, ensuring:

  • Undivided loyalty and confidentiality

  • Lawful, skillful representation

  • Accountability for client funds and property

 

Added Consumer Safeguards:

  • Property Disclosure Statement (PDS): Goes beyond legal requirements, revealing potential issues before purchase.

  • Compensation Fund: Protects deposits from fraud or misappropriation.

  • Errors & Omissions Insurance: Covers professional mistakes.

  • Multiple avenues for complaints and recourse via the Real Estate Council of BC and local boards.

 

Ongoing Education:
REALTORS meet rigorous licensing standards and complete continuing education to stay current with laws, market trends, and best practices.

Bottom line: REALTORS combine market expertise, regulated professionalism, and consumer protections to help you buy or sell with confidence.

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BC Rules on Separate Representation

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  • Mandatory Disclosure: REALTORS® must explain their agency relationship with you before providing services.

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  • Separate Representation Required:

    • A single REALTOR® cannot represent both a buyer and a seller in the same transaction (called dual agency) except in very rare, remote-location exceptions approved by the BC Financial Services Authority (BCFSA).

    • If both parties want representation, each must have their own, separate REALTOR® from different brokerages or from the same brokerage but acting independently.

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  • No Representation (Unrepresented Party):

    • A REALTOR® working with one party may assist the other only in a limited, non-representative capacity (e.g., relaying information, but not advising or negotiating).

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  • Written Agreements: Agency relationships must be confirmed in writing, outlining duties and obligations.​​​​

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