DORTS - Disclosure of Representation of Trading Services 

The Disclosure of Representation in Trading Services is a new document as part of the June 15, 2018, changes to the Real Estate Services Act in British Columbia and a partial replacement of the previous Working with a Realtor form.
The basic idea behind Disclosure of Representation in Trading Services (DORTS) is to inform a client of a Realtor—both sellers and buyers—what their rights are in the relationship, and the duties and responsibilities the Realtor owes to their client.   
 

What to Expect as a Client
Unlike an Unrepresented Party, as a Client of a real estate professional, BC Realtors owe you the following special legal duties:
Loyalty: they must put your interests first.
Avoid conflicts of interest: any situation that affects their duty to act in your best interest must be avoided.
Full disclosure: they must provide all information they know that may affect your decisions.
Confidentiality: they cannot reveal your private information without your permission.

OTHER FORMS IN YOUR BUYER PACKAGE 
  1. Contract of Purchase and Sale
  2. D.O.R.T.S.
  3. Fintrac ( The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) 
  4. Property Disclosure Statement 
  5. Offer
  6. Subject Removal
  7. Extension
  8. Addendums
Your Options as a Client
In BC, licensed Realtors provide their services through companies known as “brokerages”. When you become a Client of a real estate professional, the agreement that you sign is with their Brokerage.

Depending on the Brokerage you choose, you will be represented in one of two ways:

Brokerage Agency: all Realtors employed by the firm represent you. All are bound by the same legal duties described above.
Designated Agent: Only your chosen Realtor represents you. They cannot share your confidential information with other Brokerage agents without your permission.


Disclosure Confirmation
Before receiving any trading services from a Realtor, they must provide you with the DORTS form. This not only applies to residential properties. It must also be supplied to those working with a real estate professional to rent or lease property and for commercial real estate transactions.

Once you have reviewed the DORTS document, you have the option of signing the form to confirm that you received this consumer protection information.

Your agent must sign the disclosure form and submit it to their Brokerage. If, after reading the DORTS document, you decide that you do not need a Realtor to represent you, they may be required to present you with the Disclosure of Risks to UnrepresentedParties form.


Get In Touch

Lola Oduwole

RE/MAX All Points Realty

101, 1020 Austin Avenue  Coquitlam,  BC  V3K 3P1 

Phone: 6048096317

lolaoduwole@yahoo.ca

Get In Touch

Lola Oduwole

Phone: 6048096317

EMAIL

Office Info

RE/MAX All Points Realty

101, 1020 Austin Avenue  Coquitlam,  BC  V3K 3P1 

Stay Connected