Upcoming Real Estate Changes: How Will They Affect You

Have you heard the news? As many of you know there are quite a few changes happening in the real estate industry coming in to effect June 15, 2018. Not only will it affect real estate agents, it will also change the buying and selling process for clients. The changes will impact agency rules and disclosure statements and with less than a month to go the Greater Vancouver Real Estate Board is releasing more concrete information giving us a better understanding of what to expect.

 

I am hoping this blog post will help educate and prepare you for the changes as a buyer or seller.

Here is a look at the mandatory forms required as of June 15, 2018.

 

Disclosure of Representation in Trading Services

Disclosure to Seller of Expected Remuneration

Disclosure of Risks to Unrepresented Parties

Disclosure of Risks Associated with Dual Agency

 

We will most likely see some more variations to the rules and disclosure requirements in the coming weeks, for up to date information Click Here.

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