Helping REALTORS® Invest in The Future: PDP Discounts During COVID-19

The British Columbia Real Estate Association (BCREA) is helping Realtors invest in the future by providing discounts to our Professional Development Program (PDP) courses. Watch a short message from Anthony Bastiaanssen, Chair of the Board of Directors, to learn more: [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/zxCvbFqekmQ” frameborder=”0″ allowfullscreen style=”position:absolute;top:0;left:0;width:100%;height:100%;” ][/iframe]  25% Discount On All BCREA Online PDP

BCREA Creates Virtual Community for Managing Brokers

In April, BCREA launched our Managing Broker Community of Practice, a virtual community where managing brokers can connect, find important information, hear from guest speakers, and share best practices. The current focus of the Community of Practice is supporting managing brokers with information around the COVID-19 pandemic. Based on the needs of the community, the

Five Ways for REALTORS® to Keep Busy During COVID-19

As REALTORS®, the hustle and bustle of your lives may have quieted due to the COVID-19 pandemic. However, it doesn’t mean you can’t keep busy during this time as you continue to practice social distancing and following government recommended guidelines. Whether you’re continuing to try and conduct business, or are simply looking for ways to

Online Education During the COVID-19 Pandemic

We are a number of weeks into social distancing and we’ve noticed that many REALTORS® are taking this time to pursue online professional development. Likewise, many individuals and organizations are creating new online learning opportunities to meet the growing demand. This blog post will help you navigate the changing landscape of online learning so you

Action Required to Keep your BCREA Mobile Account Active

We are creating enhancements to our online account management system for all existing BCREA Mobile subscribers. Please check your inbox for an email from [email protected] which provides a username and temporary password in order for you to create an account and register your device on the upgraded system. Please ensure you take action immediately once you receive

Property Disclosure Statement Revised and Released Alongside New Online Course

The British Columbia Real Estate Association (BCREA), in collaboration with the provincial Standard Forms Committee, BC’s 11 real estate boards and other stakeholders, has updated the Property Disclosure Statement (PDS). The updated PDS is now available on WEBForms®. What are the changes to the form? As a response to several issues impacting the BC real

Conducting Live Virtual Tours During COVID-19 and Beyond

During the COVID-19 pandemic, conducting live virtual tours can help real estate business to continue while keeping REALTORS® and clients safe. A live virtual tour, not to be confused with an open house, is a tour of a seller’s property, during which the seller, seller’s Realtor, buyer and buyer’s Realtor are all present using virtual

CRA Launches Calculator for Wage Subsidy Program

Canada Revenue Agency (CRA) has launched an online calculator to help employers estimate the amount of wage subsidy they can expect if they apply for the Canada Emergency Wage Subsidy (CEWS). This calculator will help you to determine some specific line amounts that you will need to enter into the CEWS application form once it

PRECs, Dividends & CERB

REALTORS® with Personal Real Estate Corporations who pay themselves dividends can apply for the Canada Emergency Relief Benefit (CERB), as long as they meet other eligibility criteria. On April 6, 2020, the federal government extended CERB eligibility criteria to include self-employed workers who pay themselves with dividends. According to the CERB government website, non-eligible dividends

Home Inspection Protocols During COVID-19

BCREA is diligently working to keep BC’s REALTORS® informed of the evolving real estate landscape during the COVID-19 pandemic. Preparing your clients for a real estate transaction during a pandemic means being able to explain to them not only how you’ve adapted your business and protocols to reflect the current conditions, but also how related

BCREA Creates Notice & Acknowledgement Form for Use During COVID-19 Pandemic

Woman signing a contract or form

The British Columbia Real Estate Association (BCREA) has created a new Standard Form, the Notice & Acknowledgement form, for use by REALTORS® during the COVID-19 pandemic. It is now available on WEBForms®. With the practice of real estate having changed since the outbreak of COVID-19, your clients may have many questions and concerns over how

Communicating During Stressful Times

By Gerald G. Clerx (Success Partner, Engage BRILLIANTLY Training Group) The current pandemic has created a lot of anxiety within the real estate community – it’s a stressful time for everyone. Buyers are uneasy about the future of their investment as well as their ability to qualify and make mortgage payments and sellers are concerned about

Is It Different This Time? Recessions and the BC Housing Market

To view the Market Intelligence Report PDF, click here. Summary Findings: The 2020 COVID-19 driven recession will be deep, though the duration may be shorter than past recessions. We expect that home sales will post an initial sharp decline as households and the real estate sector adhere to social distancing. As measures implemented to mitigate

More Than Wage Subsidies: Additional Aid for Brokerages

By Anna Jones, CPA, CA (Partner, Church Pickard) The Canada Emergency Wage Subsidy (CEWS) and Temporary Wage Subsidy (read about them here) are just two financial aid programs available to managing brokers as small business owners. The Work-Sharing Program, Canada Emergency Business Account and recently announced Canada Emergency Commercial Rent Assistance programs can all help

PRECs and Wage Subsidy Programs

If you have a Personal Real Estate Corporation (PREC), navigating Canada’s COVID-19 aid programs can seem even more complicated. If you receive a T4 from your PREC and you meet the Canada Emergency Relief Benefit (CERB) income threshold requirement (read more here), you’ll want to calculate which is more beneficial, the CERB or the wage

PODCAST: Episode 5 – Conducting Business During COVID-19

Open House by BCREA logo

Episode 5, Conducting Business During COVID-19, features a conversation with Kim Spencer, also known as the “Ethics Guy.” He is a PDP instructor and Manager of Professional Standards at the Real Estate Boards of Greater Vancouver, and on this episode discusses moral, ethical, and practical questions related to REALTORS® working during the COVID-19 pandemic. [div

Staying Secure When Using Zoom and Other Video Conferencing Tools

Professionals connect via video conferencing

REALTORS®, like many other professionals who rely heavily on face-to-face interaction to conduct business, have quickly had to change the way they meet with colleagues and clients during the COVID-19 pandemic. While the change may be a lot for some, tools like Zoom have made meeting virtually easier than ever. But a significant increase in

Broadened CERB Criteria Makes More REALTORS® Eligible

On April 15th, the Government of Canada broadened the Canada Emergency Response Benefit (CERB) criteria by allowing applicants to earn up to $1,000 in each four-week eligibility period. People who are eligible for Employment Insurance or sickness benefits or who have exhausted their Employment Insurance benefits between December 29, 2019 and October 3, 2020 are

Pandemic Halts Sales Activity in March

For the complete news release, including detailed statistics, click here. Vancouver, BC – April 15, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 6,717 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March 2020, an increase of 17.2 per cent from March 2019. The average MLS® residential