DISCLOSURE OF REPRESENTATION IN TRADING SERVICES

REAL ESIATE COUNCIt.

OF BRITI.SH COLUMBIA

Know'Your Options Why are you getting this form?

as a Real Estate Consumer A real estate professional is required to give

you this form before working with you, and
must explain it to you.

Considering a real r:state transaction? one of the firsr decrsions How to use this form:
you wi[[ need to make is whether you shoutd work with a licensed Read over this information and ask about
real estate professiorraI who wilt represent you. Take a moment anything that is not ctear to you. You can
to read this important consurne-r protection information from comptete the optionat consumer fields to
indicate that you've discussed this information
the Real Estate Coryn6l1 of BC.
with the real estate professional

This forr-n explains the special leqat duties that reaI estate
What happens next?
professionats owe to their clients lt wiil hetp Vou choose After you've reviewed the form and compteted
whether you want lo be. the optiondl consumer freLds, the real estate
professional must complete and sign it
. a CLIENT of a reaI erstate professionat, who witt
represent you in 1:he transaction, or l.earn more about this form and other
information for real estate consumers at
. an UNREPRESEI\ITED PARTY with no reat estate www,recbc.ca.

.
professionaI repr,=sernting you

The Benefits of Representation

Many people choose to frave a real estate professional repretsent them in real est;rte
transactions to help them
make informed decisi,:ns As ;r client, you,ll benefit from:

Expert advice Protection Oversight

ln BC, licensed real esrare Real estate profes,sionals in
professionals recetve BC are licensed urrder the
specialized traininc;. Reol Estote Servi<:es Act.
It is legistation designed
to protect the rights of
consumerS.
i,ini.lsi|\1]:,^\.'i.'}js'n.<\'rifrNJ4'.3je*;?\,'+5)ir:]&:i'n;s
l-he Real Estate Cor-rncil of BC
works to ensure reaI estate
professionals are competent
and knowledgeal>le. lf you have
a concern about a real estate
professionat, you can file a
complaint by visiting our
website at www,recbc.ca We
can investigate and discipline
individuals for professional
mrsconduct O
I
l-F|
ooo
all
p,l of 4

The Real Estate councll of Elc regulates real estate professionals

ro protect cor,sumers visit us onrine to Fn(r inforrnation on redr
ask us a quest on' file a complaint oT arr anorrvrrous
estate transacrroas,
tip 1.877.683.9664 | ANoNyMous rrplrNE: 1.g33.42o.24oo info@recbc.ca
irr\ nr20lal I I
www.recbc.ca
VVEBForms@ .June/20.1 I
DISCLOSURE OF REPRESENTATION !N TRADING SERVICES
REAL ES:tATE COI.jNCIL
OF BI{IT]SI{ COLUI\4BI.A,

What to Expect as a Client What to Expect as an Unrepresented Party

When you become the client of a reaI estate lf you choose not to have a real estate professional
professional, they owe you specral leqal dutres as . represent you, you arcr an unrepresented party
your agent: You are not entitled to the soecial teqaI duties a
client receives
pf Loyalty: they must prut your interests first, even
before their own lE ru" loyatty: the reaI estate professionals involved
in the transaction are representirrg clients with
pf avoid conflicts of interest: they must avoid competing interests to yours. They must be toyal
any situatron that would affect their dutv lo act to their ctients, noi you
in your best interest:;
lE f'f" duty to avoid conflicts: no rr--al estate
pf futty disctose relevant information: they professional is acting in your intet-ests
must give you a[[ the fact:; they know that might
affect your decisions E fU" full disclosure: the reat estate professionals
involved in the transacl.ion do not have a duty to
pf Protect your conficlentiality: they must not give you att relevarrt information
reveal your private information without your
qr rrh| | i./ac5.
nprmiqcinn r, Ju!
13 ru" confidentiality: the real estate professionals
' your reasons for buying/selling/teasing/renting involved in the transaction must share any
. the minimum/maxinrum price you are seeking information you tell them with their client
. . any preferred terrns and conditions you rnay
want to include in a ccntract

Your 0ptions as a Client:

r,, u!, ,eo,
ln Rf ro:l s>!dLy
acirto nrnl
y, their services throuqh licensed companies known as brokerages lf
-,'es:;ionals prot,ide
you decide to becomt: the ctient of a real estate professionel, you witl sign an agreentent with their brokerage
Depending on how the brokeraqe operates, you will be represented as a client in one of two ways:

Designatecl Agency Brokerage Agency

Your real estate professional will You wilt be represented by all the real
represer,t you as a "designated agent'1 estate professionals at the brokerage
Only your designated agent will owe They witt all owe you the legat duties
you the legal duties explained above. explained above. They must all protect
Your agent must not share your vour confi dentiaL information
confidentiat information with others
at the brokerage without your
Pef mlSSlrlll.

Either way, as a ctient of a licerrsed real estate professionat you will benefit from expert advice, orersight
and protection

o2ol 4

The Real Estate council of EIC requlates real estale professionals to protect consumers visit us online to 6ncl irrformarron on re<rt estate
[r(]nsactjon:,.
ask us a cluestron, file a cornPlaint or an anonvnrous iip 1.877.583.9664 | ANoNyMous rtpltNE: 1.g33.42o.24oo I info@recbc.ca I www,recbc.ca
WEBForms@ June/2018
DISCLOSURE OF REPlIESENTATION IN TRADING SERVICES REAL ESTATE COI-INCIL
OF BRITI.SH COLUMBIA

This is a disclosure made in compliance with section 5-lO of the Rules under the Reol Estote Services Act.

Instructions
Consumers: Please comptete the optional fietds below to indicatsthat you received this consumer protection
information.

After reading this form, if you decide that you do not neecl a real estate professional to represent you, a
real estate professional may be required to present you with the Disclosure of Risks to lJnrepresented
Porties form.

Real Estate Professional: Complete and sign to indicate yc'u have provided this disclosure to the real estate
consumer Promptty subrnit this form to your brokerage

Mandatory Real Estate Frofessional Confirmation

I confirm that I have:

D provided the consumer vrith the Disclosure of Representotion in Troding Serylces form
tr exptained the special legal duties owed by a real estate professional to their client
D explained the risks of berng an unrepresented party in a real estate transaction

I confirm that I will (che,ck one).

D represent the consumer as my client under designated agency.
D represent the consumer as my ctient under brokerage agency.
I deal with this consumer as an unrepresented party.

Name Sarb Bains

Brokerage: ie3400q Realty Ltd.

Signature Date

Notes

See next poge for Optionol Consumer Confirmotion

p.3 of 4
i)w/& i*1&y*Sn'S*t*,W4i$itii./M#rr+t/dJS $i#vlx*1*+ls{*;i$}!ra:ffi4#t<(t@
The Real Estate council of Ec regulates real estare professionals to protect consumers Visit us online to fincj information
on real estate transactrons.
askusdquestiorr,fileacomPl:intcrananonymc'ustip 1.877.583.9664 lANoNyMousrtpltNE:1.g33.42o.24oo
linfo@recbc.ca lwww.recbc.ca
{rFv 6/1018r

wEBForms@ June/2o18
 DISCLOSURE OF REPRESENTAT!ON IN TRADING SERVICES
REAL ESTATE COUNCIL
OF BRITISH COLUMBIA

Optional Consumer Confi rmation

I confirm that the real estate professional disclosed the special legal duties owed to clients,
tr Yes tJ No

I confirm that the real estate professional disclosed the differenc". i"t*."n a client and an unrepresented party.
D Yes D l\o

I confirm that the real estate professional disclosed the risks of being an unrepresented party.
DYes trNo

Iconfirm that I choose to (check one):

o be a client represented by the real estate professional under designated agency.
D be a client represented by the real estate professional under brokerage agency.
E be an unrepresented party.

Consumer Name

Consumer Signature Date

Consumer Name:

-
Consumer Signature: Date:

CONSUMER PRIVACY NOTICE

ArealestateprofessionalisprovidingyoUwiththisformbecausetheyarerequiredtodosobytheRulesmadeunderthePao/6stote5ervices,4rt(the
provide tour name or signature o

lf you have any questions regarding the Real Estate Council of BC s collection and use of your personal information, ptease contact:
Prrvacy 0f6cer' Re3l Estdte Councit of 8c, 900-750 west Pender Street, vancouver, 8C, V6C 2TB; telephone; 604 683 9664 or tolt-lree at I g776g3
9664; email: privacy@recbc ca

A COPY OF iHIS DIsCLOsURT 15 NOT REOUIRED TO 8E PROVIDED TO TilE REAt ESTAII COUNCIT OF BC UNTESS
II 15 SP€CIFICATTY RTOUESTED

p.4 of 4
4,^@** @d*rt*w6&9'tu6rr-&: M-M t*li ,*.&w$t7,j/a\w4 ! ,*
The Real Estate councll of BC regulates real estate professionals to protect consumers visit us online to find information on real estate transacaons,
ask us a question, file a complaint or an anonymous tip 1.877.583.9564 | ANoNyMous rrpLrNE: 1,a33.42o.24oo info@recbc.ca www.recbc.ca
tuer 6/?018)
I I
WEBForms@ June/201 8