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New Real Estate Rules Take Effect Today

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June 15, 2018

New real estate rules take effect today. Watch our video message.

New Real Estate Council of BC (Council) rules take effect today. These rules effectively ban limited dual agency in BC, address how you’ll disclose remuneration to sellers, and set new education and language proficiency requirements.

Click on the below image to watch a video message from Board President Phil Moore on these changes.

Resources to help you with these changes

There are a host of resources to help you understand and comply with these changes. These resources are housed in two key areas:

    • Licensee Knowledge Base - Access the Licensee Knowledge Base here. It’s a user-friendly, searchable resource with information on the new rules delivered in a variety of formats.

Need answers?

These documents will help answer common questions about your obligations under the new rules:

Educating the public

  • We’ll issue a news release on the changes that we’ll email you later this morning. We’ll also conduct interviews with our media contacts and post articles on our public websites and social media feeds.
  • The BC Real Estate Association will also issue a news release today.
  • The Council is preparing a public education campaign around the new rules and other initiatives.

New forms

Council has five new forms you must use starting today:

The guides listed below explain how to use each of the new mandatory forms and include answers to frequently asked questions about the situations in which the forms will be required.

You can access the forms via WEBForms in six languages: English, Simplified and Traditional Chinese, French, Persian, and Punjabi.

Make your voice heard

As unanticipated situations around the new rules arise, we want to hear from you. Send your feedback to feedback@rebgv.org – we’ll gather your input and engage Council to get answers or address your concerns.

You can also email Council directly at advisor@recbc.ca