When a residential listing agent receives an offer in the standard form, Contract of Purchase and Sale (CPS), the licensee should always cross-check Section 9 and any related wording against the seller’s title. In the CPS, Section 9 promises that at completion the seller will deliver clear title, subject only to the following exceptions: subsisting …
Vancouver, BC – October 16, 2018. The British Columbia Real Estate Association (BCREA) welcomes the Government of British Columbia’s inclusion of exemptions from the speculation and vacancy tax proposed as Bill 45 today, Tuesday, October 16, 2018. Some of the exemptions directly address concerns BCREA brought to the Province’s attention through its advocacy work. The …
REALTORS® in BC have been under intense scrutiny since 2016. They have been singled out as key contributors to big picture problems like skyrocketing housing prices and money laundering. But how do consumers really see REALTORS®? Do they consider REALTORS® responsible for BC’s housing affordability challenges? And how much do they understand about the real …
Government relations and advocacy are core services that BCREA provides the province’s 11 regional real estate boards and the REALTORS® the boards represent. But what’s the difference between advocacy and government relations? And how do both fit into BCREA’s overarching strategic goals? Advocacy is about building positive relationships with stakeholders like consumers, media and professional …
For the complete news release, including detailed statistics, click here. Vancouver, BC – October 11, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 5,573 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in September, a 33.2 per cent decrease from the same month last …
On September 19, BCREA hosted our first Advocacy Exchange: Conference for Managing Brokers. The conference provided a unique opportunity for managing brokers from across the province to network, learn about advocacy, ask questions and be informed on matters affecting organized real estate. The event was well attended by over 250 managing brokers, licensees and key …
On September 27, the Ministry of Finance published Dan Perrin’s Real Estate Regulatory Structure Review—that is, the independent review of the regulatory framework currently governing real estate practice in BC. The report reflects many of the concerns BCREA and BC’s 11 regional real estate boards have raised related to the co-regulatory structure as a whole, …