Effective March 15, 2018, the BC Superintendent of Real Estate will be taking away your right to choose your own representation. So how does this impact you, the consumer?
Mr. Michael Noseworthy, the Superintendent of Real Estate has given directions to the Real Estate Council of B.C. [RECBC] to implement changes that are supposedly for the protection of buyers and sellers. These changes are to be effective on March 15th, 2018.
However, one of the major concerns to realtors is the new rule with respect to what is called "double recusal". Recuse means "to remove oneself from participation to avoid a conflict of interest." Here is an example of how "double recusal" could apply if you are going to sell your house.
You, the sellers have decided on…