Death at a Property #502

A zoomed in photo of caution tape enclosing an area

If someone dies at a property, is the death a material latent defect that must be disclosed in writing to all other parties before entering an agreement under Rule 5-13?1 Or, is the death a stigma and, if so, must the listing agent disclose it? In Wang v. Shao, the owner was a grandmother whose

ENERGY STAR Certification for Commercial Buildings

Energy star logo

Obtaining an ENERGY STAR certification can be a great way to add value to a listing. They use less energy, cost less to operate, and produce fewer greenhouse gas emissions. On average, homes with the certification are 20 per cent more energy efficient than new homes, and approximately 83 per cent of Canadians recognize the

BC Real Estate Regulatory Review

Flow chart titled "Real Estate Regulatory Regime"

On April 18, 2018, the BC Government announced a review of the province’s real estate regulators. This review will examine the roles of the real estate regulators to ensure that consumers in the real estate market are effectively protected. Currently there are two co-regulators: the Real Estate Council of British Columbia and the Office of

Superintendent Adopts New Rules

A red pen sitting on a document titled "'contract"

On April 27, Rule changes concerning English language proficiency requirements, remuneration disclosure and conflicts of interest were finalized. These Rules were part of the consultation the Office of the Superintendent of Real Estate (OSRE) conducted that closed on April 20. The Rule on remuneration requires that new disclosures to sellers must include a dollar amount,

BC Home Sales Show Little Change in April

BC Real Estate Association logo on blue background and text below reading "Statistical Release"

For the complete news release, including detailed statistics, click here. Vancouver, BC – May 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 8,203 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in April, a 16.8 per cent decrease from the same month last

BCREA Welcomes Four New Directors

Blue and white logo with text beside it that reads "British Columbia real estate association"

The BCREA Board of Directors has appointed three new REALTOR® Directors and one new Public Director to replace the outgoing members and form the 2018-2019 Board of Directors. These individuals will be joining President James Palanio, President-Elect Michael Trites, Past President Jim Stewart, REALTOR® Directors Ray Harris, Kyle Hislop, Cory Raven and Public Director Mark Sakai