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Real Estate Trading Services

Real Estate Trading Services is the term that has been used to refer to the activities related to the purchase and sale of real estate.

RESA  ( Real Estate Services Act ) defines " trading services" to mean any of the following services provided to or on behalf of a party to the trade in real estate:

a) advising on the appropriate price for the real estate;

b) making representations about real estate;

c) finding the real estate for a party to acquire;

d) finding a party to acquire the real estate;

e) showing of real estate;

f) negotiating the price of the real estate or the terms of the trade in real estate;

g) presenting offers to dispose of or acquire the real estate; or

h) receiving deposit money paid in respect of the real estate

NOTE: as of June 15, 2018 the Real Estate Council of British Columbia and the Superintendent of Real Estate of B.C announced some major changes in how Realtors enguage with consumers with regards to offering and suppling Real Estate Services.

All consumers of Real estate must be presented before Real Estate Servies are conducted with a " Disclosure of Repressentation in Trading Services" the form. This form must be presented and explained to the consumer. The consumer must acknowledge understanding of the information and a signature is required. The consumer is not obligated to sign this form, however the Realtor is obligated to present, explain and file the form with their brokerage.

CLICK HERE or click on the image below for more information.

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.