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Thank you for allowing me the opportunity to present to you the disclosure of representation and trading services form as Realtors we believe consumers should have as much information as possible as early as possible to understand the nature of their relationship with a realtor and the duties and responsibilities that we owe as such before providing training services we want to take this opportunity to review with you the disclosure of representation and trading services form so that you have all the information necessary to make an informed decision on the type of representation you are seeking the disclosure of representation and trading services form you have received contains two key sections the first is to know your options as a real estate consumer the purpose of this first section is to describe the differences between being represented or unrepresented in a real estate transaction the benefits of representation this section covers four key points that consumers need to know before entering into a real estate transaction first the benefits of working with a realtor which includes expert advice protection and oversight second an overview of what representation means for example as a client you as the consumer has engaged a realtor to provide services on your behalf your realtor will owe you special legal fiduciary duties including undivided loyalty avoiding conflicts of interest disclosing material information and protecting your confidentiality third an overview of what being unrepresented means an unrepresented consumer will have no agency relationship with a licensee which means your Realtor is not working on your behalf in the transaction your Realtor may still provide some limited trading services which include providing general market information and standard forms helping people to correctly fill out paperwork and presenting offers and counteroffers, but they cannot provide unrepresented parties with any advice if you choose not to have a real estate professional represent you are considered to be an unrepresented party you are not entitled to the special legal duties the client receives no loyalty the real estate professionals involved in the transaction maybe representing clients with competing interest to yours it must be loyal to their clients and not to you no duty to avoid conflicts no real estate professional is acting in your interests no full disclosure the real estate professionals involved in the transaction do not have a duty to disclose all relevant information to you no confidentiality the real estate professionals involved in the transaction must share any information you tell them with their clients and the fourth and final point in British Columbia real estate professionals provide their services through licensed companies known as brokerages depending on how the brokerage operates you will be represented as a client in one of two ways either in a designated agency relationship or a brokerage agency relationship...
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