Number 510 In a recent case from the BC Provincial Court1, the following disclaimer was found ineffective in defending the buyer’s claim that the sellers’ agent was negligent in including incorrect square footage calculations in the MLS® listing: “The enclosed information while deemed to be correct is not guaranteed.” The judge found the sellers’ agent …
Navigating changes to REDMA The BC Government recently made amendments to the Real Estate Development Marketing Regulation, which involve disclosure requirements for developers who market strata lots in development properties. Fortunately, the Office of the Superintendent of Real Estate (OSRE) issued Policy Statement 16 to provide guidance around these changes. And better yet, we’re here …
Who is or isn’t taxed? You’ve likely heard about the provincial government’s new Speculation and Vacancy Tax that came into effect on January 1 by now. In case you missed it, the tax targets homes left vacant for six months or more within a calendar year and is designed to help turn empty properties into …
Answers to your burning questions The wait for responses from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) to managing brokers’ top questions submitted at the Conference for Managing Brokers is over! During the conference, attendees submitted questions to the presenters and voted for the questions they most wanted answered. Responses to three …
Keeping up with the times to support BC REALTORS® Did you know the British Columbia Real Estate Association (BCREA) recently increased its legal defense reserve from $35,000 to $50,000?
…but there’s still time to register! This year’s Banff Western Connection (BWC) conference is taking place next week, from January 24 to 26, in beautiful Banff, Alberta. BWC is a great opportunity for REALTORS® from all over Canada and beyond to connect, network and grow their professional knowledge and skills. It is also eligible for …
For the complete news release, including detailed statistics, click here. Vancouver, BC – January 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 78,345 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2018, a decline of 24.5 per cent from the 103,758 units sold in 2017. …
There are a lot of myths out there about REALTORS®, real estate transactions and money laundering. Unfortunately, the public has nowhere to go get unbiased information about REALTORS®’ roles in identifying criminal activity. That’s why BCREA has created an infographic for REALTORS® to share with their networks and help consumers understand the role of REALTORS® …