BC’s new Home Buyer Rescission Period (HBRP) for residential real estate property takes effect on January 3, 2023 and while it is not a new concept, REALTORS® need to be aware of the effects of the new regulation
Posts tagged with “Real Estate Services Act”
Legally Speaking Stay Cool – New Home Buyer Rescission Period for Residential Real Properties Coming January 3, 2023 #555 
Legally Speaking Assignment Terms – It’s All in the Contract #546 
Licensees must ensure they read the terms of real estate contracts carefully and explain them to their clients. This is especially true when it comes to assignment clauses contained within contracts.
Legally Speaking The Increasing Cost of Misconduct #544 
A review of the most recent discipline decisions of the BC Financial Services Authority suggests that we will start to see the impact of these increased penalty limits.
Legally Speaking Working with Unrepresented Parties #536
Realtors should be familiar with the Real Estate Rules for dealing with unrepresented parties so that they understand how to disclose to consumers whether or not they will be representing them.
Legally Speaking Learning from an RECBC Discipline Decision #535
Starting in 2016, the real estate profession has seen numerous regulatory changes, including increased fines, new regulations, greater involvement from the Real Estate Council of BC.
Legally Speaking No Judicial Leeway to Compensate Unlicensed Individuals Who Provide Real Estate Services #523
Beginning in the late eighteenth century, courts refused to enforce illegal contracts as a matter of public policy…
Legally Speaking New Era for Legally Speaking #404
After penning his final issue of his illustrious 26-year tenure as author of Legally Speaking last month, Gerry Neely has passed the torch…
Legally Speaking Finder’s Fee; Unlicensed Person Entitled to Enforce Payment #334
A Supreme Court of British Columbia judge decided an individual who was not licensed as an agent or salesperson under the Real Estate Act was entitled to payment of $50,000 for introducing a buyer to property sellers…
Legally Speaking Aboriginal Land Development and Sale (Continued) #329
Column 328 referred to the landlord/tenant relationship resulting from the development of reserve lands…
Legally Speaking Indian Land Development and Sale, Introduction To #328
Anyone involved for the first time in the sale of an interest in reserve land will find little that resembles the more usual sale of fee simple land with which we are familiar…
Legally Speaking Counteroffer – No Date for Acceptance by Purchaser; No Listing Contract for the Sale of Shares #154
Murphy’s law – if something can go wrong it will, and then get worse – doesn’t always lead to litigation, but when it does, it often highlights a useful practice point…
Legally Speaking The Stakeholder Provisions of Section 48 of the Real Estate Act, and the Method of Dealing With a Deposit Where There Is a Dispute Between Parties #135
The stakeholder provisions of Section 48. of the Real Estate Act are so well known to agents that the disposition of the deposit where there is a dispute between the parties is routinely dealt with…
Legally Speaking The Real Estate Act and the End of the 100% House #23
Unless a recent decision is reversed on appeal or the Real Estate Act is changed, the 100% house may disappear…
