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Limited Dual Agency
The British Columbia Real Estate Services Act also offers a limited dual agency option.
This means that a buyer can call a listing agent about that agent's property, and the
listing agent can subsequently act as both a seller's and a buyer's agent in that
transaction, under a category known as "limited dual agency". In this capacity, that agent
must step back from the transaction in an effort to serve both sides of the
transaction.
A duty of care is owed to both seller and buyer, but the agent must be very careful not to
disclose confidential information from the vendor (or vice versa) to the opposite
party.
It is possible for a realtor to act as both a selling and a buying agent in one
transaction, but only if such a capacity is disclosed to all parties, and is agreed upon
by all parties, in writing.
Contact Li Read at Sea to Sky Premier Properties (Salt Spring), 5 - 105 Rainbow Road, Salt Spring Island, BC,
V8K 2V5; Direct Tel: 1-250-537-7647