Responding to Rule Changes: Contact Your MLA

REALTORS® all around the province have serious concerns about the new rules affecting limited dual agency and disclosure, set to take effect on March 15, 2018. BCREA and the real estate boards are taking action, and we need REALTOR® support. While the Real Estate Council of British Columbia is working hard to prepare for these

Don’t Forget About Council #511

In the many years that I have taught the Legal Update course, most REALTORS® have shown understandable interest in court decisions and how those decisions might affect their practice and personal liability. Surprisingly, I have not noticed the same level of interest or concern regarding disciplinary decisions by the Real Estate Council of BC (Council).

Policy-Induced Housing Slowdown Continues into 2019

For the complete news release, including detailed statistics, click here. Vancouver, BC – February 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 3,546 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January, a decline of 33.2 per cent from the same month last year. The

Invasive Species

When that little squirrel becomes a big problem Invasive species come with a series of problems, especially if you’re not aware of the risks. Whether you’re a REALTOR® conducting business on Vancouver Island, or northern BC, understanding what invasive species are found in your area is the first step in helping your client avoid those

Continuing the Joint Meeting Conversation

Navigating changes to REDMA January 23 marked the first joint meeting of real estate board and British Columbia Real Estate Association (BCREA) leadership of 2019. We hold regular joint meetings to gather input from real estate board leadership on important initiatives underway at BCREA and build stronger relationships. Our President James Palanio welcomed more than

In Memoriam: Andrew Peck

At British Columbia Real Estate Association (BCREA), we were saddened to hear of the passing of past president Andrew Peck. Andrew served as BCREA president in 2007. He was passionate about the real estate profession and also served as president of the Real Estate Board of Greater Vancouver (REBGV) in 2004 and president of the

Understanding Money Laundering Vulnerabilities

A chain is only as strong as its weakest link In support of the provincial government’s initiatives to curb money laundering in real estate, the British Columbia Real Estate Association (BCREA) has commissioned the consulting firm Deloitte to study residential and commercial transactions. The goal of this study is to identify money laundering vulnerabilities throughout

BCREA’s Limited Dual Agency Waiver Proposal

Making the LDA ban more workable for consumers and REALTORS® On January 16, leadership from the British Columbia Real Estate Association (BCREA) met with Minister of Finance Carole James to present a proposal for a waiver that would make the ban on limited dual agency (LDA), the practice of a REALTOR® representing both parties in

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