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No Changes to Real Estate Practice in Step 2 of Restart Plan
BC is on track to move to step 2 of BC’s Restart Plan on June 15. However, REALTORS® and consumers will have to be patient a little longer when it comes to changes to safety guidelines for the real estate sector.
Posted Jun 10, 2021
by April van Ert
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Contract Law Foundations for REALTORS®: Online Course Explores Legal Principles Behind Real Estate Contracts
BCREA has created a new self-paced online course, Contract Law Foundations for REALTORS®, which equips learners with a foundational understanding of the legal principles relevant to contracts.
Posted Jun 10, 2021
by Shaheed Devji
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BCREA Explores Four Standard Forms in New Tutorial Videos for REALTORS®
In BCREA’s latest release of tutorial videos for BC REALTORS®, we explore four different standard forms.
Posted Jun 10, 2021
by Marianne Brimmell
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Standard Forms Spotlight: Buyer’s Deposit Paid by a Third Party
Find answers to four frequently asked questions about a buyer’s deposit paid by a third party, such as a family member.
Posted Jun 09, 2021
by Marianne Brimmell
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Webinar Recording: Understanding the June 1 FINTRAC Changes
On June 2, BCREA hosted a webinar for over 4,400 attendees, to help REALTORS® and brokerages understand their new FINTRAC obligations.
Posted Jun 09, 2021
by Mackenzie Smith
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Economic Recovery Drives CLI Higher in Q1 2021
The Commercial Leading Indicator rose from 144 to 150 in the first quarter of 2021, representing the third consecutive increase as the economy recovered from the COVID-19-induced recession.
Posted Jun 01, 2021
by Brendon Ogmundson
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BCREA Nowcast
The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for March 2021 is 6.2 per cent.
Posted Jun 01, 2021
by Brendon Ogmundson
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Getting Ready for the June 1 FINTRAC Changes: Virtual Currency Obligations
As of June 1, 2021, real estate brokerages have new anti-money laundering obligations related to virtual currency reporting.
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BCREA’s Virtual Government Liaison Days
Through BCREA’s Government Liaison Days, REALTORS® build skills to advocate for policy changes to help British Columbians achieve their dreams of home ownership.
Posted May 31, 2021
by Matt Mayers
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One Financial Services Regulator Coming This Summer
More than two years since it was announced, BC’s real estate regulators will be integrated into the BC Financial Services Authority later this year.
Posted May 31, 2021
by Norma Miller
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New BCREA Research Finds Funding is Key to Adequate Floodplain Mapping in BC
BCREA has published new research in the 2021 BC Floodplain Maps Inventory Report, which identifies floodplain maps created or updated from 2015 to 2020, and updates research BCREA first undertook in 2015.
Posted May 27, 2021
by Norma Miller
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Radon for REALTORS®: Online Course Helps Navigate Radon in Real Estate
BCREA has launched Radon for REALTORS®, a new self-paced, online course, in which Realtors explore radon – the leading cause of lung cancer in non-smokers – and how it relates to the real estate transaction.
Posted May 27, 2021
by Mackenzie Smith
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Standard Forms Spotlight: Client Identification and CREA Form Changes
With FINTRAC’s latest regulatory amendments coming into effect on June 1, BCREA will retire the one-page BCREA Individual Identification Information Record as of May 31.
Posted May 27, 2021
by Marianne Brimmell
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PODCAST: Explaining the June 1 FINTRAC Changes for REALTORS® (May 2021)
Featuring a conversation with Adam Feldman, an Anti-Money Laundering Advisor with The AML Shop, who shares an overview of the new or revised anti-money laundering regulations that come into effect on June 1.
Posted May 27, 2021
by Shaheed Devji
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Assignee Beware #538
Assignees in a sale should be sure to conduct their own due diligence, regardless of the due diligence previously conducted by the buyer/assignor.
Posted May 27, 2021
by Brian Taylor
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Getting Ready for BC’s Restart Plan
May 25th was an exciting day for all of us as Premier John Horgan, Provincial Health Officer Dr. Bonnie Henry and Minister of Health Adrian Dix announced details of BC’s four-phase restart plan.
Posted May 27, 2021
by Darlene Hyde
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UPDATE: COVID-19 Recovery Dashboard
The BCREA Economics team has created the COVID-19 Recovery Dashboard to help REALTORS® monitor BC’s economic recovery.
Posted May 25, 2021
by Brendon Ogmundson
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BCREA Video Series: Are You Ready for the June 1 FINTRAC Changes?
To ensure you’re ready for the June 1 FINTRAC changes, BCREA has created a series of short videos explaining the changes and what they mean in practice.
Posted May 25, 2021
by Marianne Brimmell
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Getting Ready for the June 1 FINTRAC Changes: Politically Exposed Persons – Part 2
In a follow up to last week’s post, find out what to do if you determine if an individual you are dealing with is a politically exposed person.
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BC Financial Services Authority Publishes Update About Move to Single Regulator
The BCFSA expects that the new regulatory model, which will be organized functionally with departments overseeing the entire financial sector, will come into effect this summer.
Posted May 19, 2021
by Shaheed Devji
by British Columbia Real Estate Association 
