Sentences with phrase «banning dual agency»

On Tuesday, HUD announced that is was banning dual agency on short sale transactions (transactions involving distressed homeowners) in order to help achieve its goal of an «arms - length transaction.»

To help you understand how to address conflicts of interest when the Superintendent's Rules banning dual agency (in most instances) come into effect, we've added new questions and answers to our online FAQ.

Is this where we draw the line banning dual agency by one agent?

Evans, who is managing broker of Re / Max Coast Mountains in Prince Rupert, B.C., says the rules banning dual agency are in response to the real estate scene in the Lower Mainland and that shadow flipping is «impossible» in his area.

British Columbia has become the first province to ban dual agency, with new rules set to come into force on March 15, 2018.

British Columbia has become the first province to ban dual agency, with new rules set to come into force on March 15, 2018 which will «significantly change the way that real estate services are provided.»

The Task Force's statement, that it wasn't prepared to ban dual agency, was somewhat a response to the early stages of our work, where there was a fear being expressed by the industry that the sole purpose of this Task Force was to legitimize some kind of ban of dual agency.

It neither bans dual agency representation nor addresses the substantive law regarding conflicts of interest.

Not exact matches

But the banning of dual agency will certainly not have much of an effect.

Unfortunately, many brokers and reps in the industry are dead against banning rep specific dual agency because it's easy money.

I agree with Peter's comments below — dual agency should be banned.

In my opinion dual agency should be banned.

Dual agency should be banned from the industry.

The dual agency ban was supported by 62.6 per cent of the public but just 34.7 per cent of licensees.

The initial January rules also placed a narrow exemption on the dual agency ban for remote areas underserved by licensees and where an alternative to dual agency would be impracticable.

HUD postpones the ban on the dual agency in FHA short sales (click here).

When the new rules from the Superintendent of Real Estate come into effect on June 15, 2018, dual agency will be banned in BC — except in very rare cases.

For these reasons, an Independent Advisory Group on real estate regulation in BC recommended that limited dual agency be banned in BC.

On the same day HUD announced its ban on dual agency, the National Association of Realtors («NAR») wrote a letter to HUD and apparently «immediately began talks with HUD officials on the proposed change.»