Implied agency is very much on the brain these days with the Superintendent of Real Estate’s new rules on agency now in effect. Rule 5-10.1 requires that licensees use a new form from the Real Estate Council of British Columbia to disclose the risks faced by unrepresented parties, the limited assistance that licensees can provide …
The new Rules that are scheduled to come into effect on June 15 represent significant changes to real estate practice in BC. BCREA believes the implementation of the new Rules should be delayed. Regulation is important, but implementing new Rules without allowing time for consumers and licensees to understand the changes is not in anyone’s …
Not surprisingly, the upcoming Rule changes will also mean updates to many of the BCREA standard forms used everyday. Once the Rule changes come into effect, outdated versions of the standard forms and the Working with a REALTOR®brochure will no longer be available on WEBForms®. As a REALTOR®, it’s important that you are ready to work …
For the complete news release, including detailed statistics, click here. Vancouver, BC – June 15, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 8,837 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in May, a 28.7 per cent decrease from the same month last …
This news release was amended to correct inaccuracies regarding potential conflicts of interest, disclosures regarding remuneration and to add comment on the impact of the Rule changes. The corrections are italicized for clarity. Vancouver, BC – June 15, 2018. On June 15, 2018, changes to Rules under the Real Estate Services Act that dictate how …
On June 15, the Office of the Superintendent of Real Estate’s (OSRE) finalized Rule changes will come into effect. The Rule changes will include new requirements for licensee language proficiency, remuneration disclosure, a new relicensing education course, a ban on dual agency and new rules for conflicts of interest when acting for multiple clients. As …
The British Columbia Real Estate Association acknowledges that our head office is located on the unceded traditional territories of the Coast Salish Nations of Sḵwx̱wú7mesh (Squamish), səl̓ilwətaɁɬ (Tsleil-Waututh), and xwməθkwəy̓əm (Musqueam). We also acknowledge the other 195 First Nations in British Columbia, as these are the lands we each call home.
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