Regulation BEFORE repealed by BC Reg 515/2004, effective January 1, 2005.
| B.C. Reg. 124/84 Regulation of the Superintendent | Deposited May 7, 1984 |
Real Estate Act
Disclosure Regulation
Form of disclosure
1 A disclosure in writing required under section 38 (1) or (2) of the Real Estate Act shall be in the form of the attached Schedule and shall include at least the particulars required by that form.
Notice and Disclosure
The Real Estate Act of British Columbia requires this Disclosure Statement to be presented to you in advance of an offer to purchase, in whole or part, real estate in British Columbia owned by you, when the proposed purchaser, directly or indirectly, is a real estate licensee or is closely connected with a real estate licensee.
Please Type or Print
IT IS STRONGLY RECOMMENDED THAT YOU OBTAIN INDEPENDENT ADVICE IF YOU ARE UNCERTAIN AS TO THE FAIR MARKET VALUE OF YOUR PROPERTY.
Include All Owners of the Property
| Notice to: | .................................................................................................................... | |
| .................................................................................................................... | ||
| .................................................................................................................... |
| Subject property: ("the property") | Municipal Description | Legal Description | |
| ............................................................ | ............................................................ | ||
| ............................................................ | ............................................................ | ||
| ............................................................ | ............................................................ |
| 1 | The undersigned ("licensee") is licensed under the Real Estate Act of British Columbia. | |
| 2 | The offer to purchase is by ("purchaser") and will be presented to you on .........................., 19 ...... | |
| Check and Complete if Applicable | ||
| 3 |  | It is the intention of the purchaser to re-sell the property. |
| It is the intention of the purchaser to hold the property for personal, rental or other use. | |
| The purchaser is about to negotiate the resale of the property on the following terms: ................................ ............................................................................................................................................................... | |
| The purchaser is negotiating the resale of the property on the following terms: ........................................... ............................................................................................................................................................... | |
| The purchaser has negotiated the resale of the property on the following terms: ......................................... ............................................................................................................................................................... | |
| Delete if not Applicable | ||
| 4 | If the purchaser is not the licensee making the disclosure, then provide below the licensee's relationship to the purchaser (section 38 (1)) or the purchaser's relationship to a licensed real estate agent (section 38 (2)) | |
| Delete if not Applicable | ||
| 5 | If you accept this offer, real estate commission will be earned by myself or other of the purchasers in the approximate amounts as follows: | |
By myself: $ ...................................
By other purchasers:
| Name: | ..................................................... | Amount | $ | ........................ | |
| ..................................................... | $ | ........................ | |||
| ..................................................... | $ | ........................ |
This disclosure is made to you in compliance with section 38 of the Real Estate Act, at ....................................., on ....................., 19 .......
| Witness: | Disclosed by: | |||
| ................................................. | ......................................... Signature of licensee | ......................................... (type/print name) | ||
| ................................................. | .............................................................................................. Name of Agent | |||
| ................................................. | ......................................... Signature of Agent/Nominee | ........................................ (type/print name) | ||
Acknowledgment and Receipt
The undersigned owner(s) acknowledge receipt of this notice and disclosure at ......................................, on .............................., 19 .........
| Witness (not purchaser): | Signature of Owners: | |
| .............................................. | ..................................................................................... | |
| .............................................. | ..................................................................................... | |
| .............................................. | ..................................................................................... |
[Provisions of the Real Estate Act, R.S.B.C. 1996, c. 397, relevant to the enactment of this regulation: section 80]