Practice Tips
Your Anti-Money Laundering Obligations Are Changing as of June 1, 2021
by Marianne Brimmell March 25, 2021
by Marianne Brimmell March 25, 2021
Buying a property is the biggest financial decision most of us will ever make. That’s why BCREA ensures REALTORS® have the tools to help you make the decision with confidence. From advocacy promoting affordability to professional development, from in-depth economic analysis to standardized legal forms, we support REALTORS®.
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Take a look around ‐ we hope you love it as much as we do.
You’ll find resources and information on advocacy, professional development, market analysis, standard forms and more, with new content published weekly!
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INDUSTRY INSIGHTS
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Updated Guidance for Real Estate Practice During COVID-19BCREA and our partners have issued updated guidance and new recommendations for real estate practice during COVID-19 as a result of Provincial Health Officer orders on December 7, 2020.Tags: COVID-19 Office fo the Superintendent of Real Estate OSRE Real Estate Council of BC Real Estate Practice RECBC Safer ShowingsPosted Jan 14, 2021
by Shaheed DevjiBCREA Supports Housing Funding for Middle-Income Families, Encourages Additional Supply-Side ActionBCREA welcomes the province’s recent announcement that $2 billion in development financing will be committed to the HousingHub program to help create affordable housing choices for middle-income families.Posted Apr 19, 2021
by April van ErtBCREA Named One of Canada’s 50 Best Workplaces™BCREA is among one of Canada’s 50 Best Workplaces™ of 2021.Posted Apr 16, 2021
by Mackenzie SmithReal Estate Sector Stresses Consumer Education and Due DiligenceIn a competitive market it’s important that consumers continue to focus on the due diligence associated with a real estate transaction, including home inspection, insurability, and strata documents (if applicable), etc.Posted Apr 16, 2021
by April van ErtLand Owner Transparency Registry Publicly Searchable as of April 30, 2021The Land Owner Transparency Registry becomes publicly searchable on April 30 and guidance from the Real Estate Council of BC on how to use LOTR in real estate practice is coming soon.Posted Apr 15, 2021
by Marianne BrimmellHousing Market Update – March 2021Watch BCREA Chief Economist Brendon Ogmundson discuss the March 2021 statistics.Posted Apr 15, 2021
by Brendon OgmundsonGetting Ready for the June 1 FINTRAC Changes: Business RelationshipsEffective June 1, 2021, REALTORS® are considered to have entered into a business relationship with a client the first time they are required to verify the client’s identity.Tags: 2021 FINTRAC Changes FINTRACPosted Apr 14, 2021
Record-Setting Month for BC Homes SalesThe British Columbia Real Estate Association reports that a total of 15,073 residential unit sales were recorded by the MLS® in March 2021.Tags: Statistical ReleasesPosted Apr 13, 2021
by Brendon OgmundsonNew Standard Form Toolkits Available for Three Fee Agreement FormsBCREA has created three new toolkits on the Standard Forms Resource Centre to help enhance REALTOR® knowledge of Fee Agreement Forms.Posted Apr 12, 2021
by Mackenzie SmithWhat RECBC & OSRE’s Statement on “Heightened Market Activity” Means for REALTORS®On Friday, April 9th, the RECBC and OSRE released a press statement encouraging British Columbians to be aware of the potential risks and do their research before making an offer on a home.Posted Apr 12, 2021
by April van ErtBCREA Seeks Focus Group Participants for Practice-Ready REALTOR® ProjectBCREA has launched the Practice-Ready REALTOR® Project that seeks to identify opportunities to better support new entrants into the real estate profession.Tags: New REALTORS® Practice-ReadyPosted Apr 12, 2021
Teams Consultation: BCREA-Real Estate Board ResponseOn April 1, BCREA and the ten BC real estate boards made to a joint submission the OSRE and the RECBC in response to their consultation on regulating real estate teams.Posted Apr 08, 2021
by Norma MillerProtecting Buyers – and Yourself – in a Hot MarketIn a hot market, buyers are looking to you to help them manage risks but don’t forget to manage your own risks too. That means documenting critical conversations., particularly when it comes to subject-free offers.Posted Apr 06, 2021
by April van ErtBCREA NowcastThe BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for January 2021 is 1.4 per cent.Tags: NowcastPosted Mar 31, 2021
by Brendon OgmundsonCOVID-19: As Case Counts Rise, REALTORS® Should Continue to Prioritize Health and SafetyAs COVID-19 cases in BC continue to surge, restrictions from the Provincial Health Officer on social gatherings, non-essential travel, indoor dining and more have been updated as of March 29, 2021.Posted Mar 30, 2021
by Mackenzie SmithBCREA Condemns Sexualized ViolenceWe at the BC Real Estate Association are deeply disturbed by recent allegations of sexual assault against members of the Victoria community.Posted Mar 29, 2021
by British Columbia Real Estate Association2021 Changes to Your Anti-Money Laundering ObligationsOn June 1, 2021, big changes are coming to real estate practice and your anti-money laundering obligations.Tags: 2021 FINTRAC Changes Anti-Money Laundering FINTRAC Land Owner Transparency Act Land Owner Transparency RegistryPosted Mar 25, 2021
by Marianne BrimmellCommunity of Practice Session Added on March 31 to Address Housing Market ConditionsThe session will explore some of the emerging trends resulting from the state of the housing market, including multiple and subject-free offers, as well as offer guidance for for managing risk.Posted Mar 25, 2021
by Shaheed DevjiWorking with Unrepresented Parties #536Realtors 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.Posted Mar 25, 2021
by Lisa NiroPODCAST: How to Manage Risk in BC’s Current Housing Market (March 2021)Featuring a conversation with REBGV Professional Standards Manager Kim Spencer about risk management and best practices in the current housing market.Posted Mar 25, 2021
by Shaheed DevjiBCREA Podcast
Open House by BCREA
Open House by BCREA is a monthly podcast where REALTORS® in BC will find the latest real estate news, and feature conversations with experts on issues related to real estate practice.
Subscribe on your favourite podcast app, including Apple Podcasts, Google Play, Spotify, Stitcher, and TuneIn.
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