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Disclosure of Representation in Trading Services
A 3 minute video detailing how we can work together.

As a licensed real estate professional in British Columbia, I must review with you the Disclosure of Representation in Trading Services. This disclosure explains the different relationships you can have with me as we move forward with the buying or selling of property.

The reason behind the Disclosure of Representation in Trading Services form is to educate and inform you, the Buyer or Seller, of what your rights are in our working relationship, and the duties and responsibilities I will owe to you as my client.

This short video reviews the disclosure form in detail. Please watch the full video and contact me with any questions you may have.

After viewing the video you can:
1. Reply via email and state that you wish your reply email to act as your signature.
2. Print off the attachment, sign and date page 2, scan/photograph page 2 and email it back to me at dave@maQrealty.ca.
3. Reply via email indicating you do not wish authorize our working relationship at this time.
4. Do nothing. You are under no obligation whatsoever to sign the disclosure.

What’s the Disclosure form that REALTORS® are asking you to sign?
Source: REBGV

Having professional representation is important when you’re looking to buy or sell a home. Realtors are required to inform you, up front, about your representation options. This is what the Disclosure of Representation in Trading Servcies (DORTS) is for.

When do you need to sign a DORTS?

Realtors can share factual information about the properties they list for sale. They can also give factual information about the real estate market at large.
You would need to sign a DORTS if you wanted to ask them for advice or wanted to discuss personal information, like your financial situation, why’d you’d like to buy or sell, or any other information that could affect a real estate negotiation.
Realtors are only able to discuss this information with someone they represent, or with someone who understands they’re not being represented and what that entails.

What does a DORTS do?

This document explains what your options are when it comes to representation and ensures you acknowledge that you understand these options.
It outlines the advantages of working with a real estate professional and what their legal obligations are to you if they provide you client (agency) representation.
It also details the pitfalls you can encounter if you decide to be unrepresented (no agency) in a real estate transaction.
Read through the form carefully, and speak with the Realtor, to fully understand the types representation available to you.
If you choose to continue unrepresented, a Realtor will ask you to sign a form called the Disclosure of Risks to Unrepresented Parties. This form outlines that you understand you’re unrepresented and what that entails.
Ultimately, if you’re unsure about the situation, just ask. Remember, Realtors are professionals that deal with these issues every day – they’re there to help!

What’s “agency”?

When you decide you want representation, you’ll form an “agency” relationship with your Realtor. This means your Realtor is legally duty-bound to protect your interests. For example, an agent has fiduciary duties of loyalty, confidentiality, and disclosure to a client.
Once you establish agency, your Realtor becomes your agent and a professional advisor. They can:
Help you adopt a sound negotiation strategy based on industry knowledge and experience and can negotiate on your behalf. Help you market your home and/or buy a home and become a link with other Realtors to locate homes that meet your needs. Handle the different contracts and paperwork involved in a transaction. Recommend other professionals, such as certified home inspectors, lawyers or notaries, insurance agents, home movers, or contractors. Help you analyze the market to find the right home at the right price – or help you get the most from your sale. Still looking for more information? Talk with your Realtor or check out the BC Financial Services Authority’s website at www.bcfsa.ca

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