Why do I need to sign the REPRESENTATION form?

Estimated reading time: 4 minutes

Key Takeaways

  • Signing the Disclosure of Representation in Trading Services (DORTS) form binds the agent to four legal obligations including loyalty and confidentiality.
  • The DORTS form should be signed at the beginning of the relationship, ensuring clarity on the agency agreement.
  • Dual Agency is banned in Whistler, meaning different agents must represent the buyer and seller to ensure fair representation.
  • The BC Financial Services Authority (BCFSA) regulates the real estate in BC and imposes significant fines for non-compliance with the DORTS form.
  • The Home Buyer Rescission Period offers a ‘cooling off’ period for buyers who feel regret after making offers without conditions.
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