Low interest rates and a lack of housing supply can lead to a hot Canadian housing market where sellers are dealing with multiple offers and buyers may be willing to take risks to secure the purchase of a property. REALTORS® should be comfortable and confident providing clients with information on how to mitigate risks, while also protecting themselves in these situations.
When handling multiple offers, it is important that REALTORS® and managing brokers comply with the Real Estate Services Rules, the rules and regulations from your member real estate board or association, the REALTOR® Code, and any policies from your brokerage. Here are two useful resources for REALTORS® to help you navigate multiple offer situations:
This document includes some key resources from BCREA’s course on Multiple Offers including checklists, guidance on working with buyers and sellers, and resources to help inform and document your conversation with clients to help mitigate risk.
Upon completion of the course Multiple Offers – The Strategies, the Tactics, and the Game Plan, learners earn six accredited PDP hours.
