We at the BC Real Estate Association are deeply disturbed by recent allegations of sexual assault by REALTORS® against members of the Victoria community. Above all, our thoughts are with individuals who have shared their experiences. We acknowledge the courage it takes to come forward as a survivor of sexual assault and support investigations into …
BCREA has added a session of our Managing Broker Community of Practice on March 31, 2021 at 10:00am to address the current conditions of BC’s housing market. The session will explore some of the emerging trends resulting from the state of the housing market, including multiple and subject-free offers, as well as offer guidance for …
Since the restriction on limited dual agency was introduced in 2018, it has become more common for REALTORS® to work with unrepresented parties in a transaction. Dealing with unrepresented parties presents risks to both consumers and Realtors. Realtors should be familiar with the Real Estate Rules for dealing with unrepresented parties so that they understand …
On this month’s episode of Open House by BCREA, we highlight best practices and ways for REALTORS® to manage risk in BC’s current housing market. From client conversations, to offer presentations and documentation, Real Estate Board of Greater Vancouver Professional Standards Manager and BCREA instructor Kim Spencer takes you through it all. We also talk …
UPDATE (March 24, 2021): Minor changes have been made to the Why Do REALTORS® Ask for Your Personal Information consumer video to provide greater clarity on the process for receipt of funds and to update the reference to the Individual Identification Information Record. All other aspects of this video remain unchanged. In September, BCREA released …
For Immediate Release Vancouver, BC – March 23, 2021. The British Columbia Real Estate Association (BCREA) is pleased to announce that North Vancouver REALTOR® Dan Morrison was elected as its 2021-2022 Chair at the BCREA Annual Meeting on March 23, 2021. “Realtors showed tremendous leadership over the past year, as they adapted to the COVID-19 …
To view the Market Intelligence Report PDF, click here. Summary Findings: Growth in home prices is a function of many factors and those factors do not always impact prices to the same degree Shocks to housing demand and interest rates are the largest contributors to fluctuations in home prices, but provincial and municipal governments have …
On March 9, the BC legislature approved changes to the Real Estate Services Act (RESA) contained in Bill 8: Finance Statutes Amendment Act, 2021. None of the changes will take effect immediately. Over the next weeks and months, BCREA will work with the regulators to understand the impact of all of the changes and to …
If being in the midst of a global pandemic wasn’t enough, with BC’s historically busy housing market, REALTORS® are operating under extenuating circumstances and are faced with balancing health and safety with serving their clients best interests. As a result of COVID-19, you have adapted your practices to ensure your clients and the community at …
For the complete news release, including detailed statistics, click here. Vancouver, BC – March 11, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 10,918 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February 2021, an increase of 89.1 per cent over February 2020 and over a thousand …
In February’s episode of Open House by BCREA, our monthly podcast for REALTORS®, host Tony Joe and his guests – former Real Estate Board of Greater Vancouver President and current Vancouver-area Realtor Phil Moore, and lawyer Brian Taylor – explore some of the challenges and opportunities of working in a historically busy market during COVID-19. …
At BCREA, we often receive questions from REALTORS® and consumers related to standard forms. We’ve received several great questions about groundwater licensing and the Water Sustainability Act (WSA) as it pertains to the Property Disclosure Statement. Below, you can find three frequently asked questions on the topic, with answers provided by a member of the …
On March 2, Bill 8: Finance Statutes Amendment Act, 2021 was introduced in the BC Legislature. With its introduction, the BC Government’s intention to create a single financial services regulator, including real estate, announced in September 2019, was finally made clear. The bill creates the path for the Office of the Superintendent of Real Estate …
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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