BCREA Named One of Canada’s 50 Best Workplaces™

Vancouver, BC – April 16, 2021. The BC Real Estate Association (BCREA) is among one of Canada’s 50 Best Workplaces™ of 2021. The list of Best Workplaces™, and related stories, will appear in a Special National Report on Friday April 16, 2021 in The Globe and Mail. “It’s an honour to be named one of Canada’s Best Places

Real Estate Sector Stresses Consumer Education and Due Diligence

For Immediate Release Vancouver, BC – April 16, 2021. The British Columbia housing market is currently experiencing a heightened level of activity, leading to increased competition and a trend of prospective purchasers submitting unconditional offers, at times without having financing secured. In a competitive market it’s important that consumers continue to focus on the due diligence associated

Land Owner Transparency Registry Publicly Searchable as of April 30, 2021

The Land Owner Transparency Registry (LOTR) becomes publicly searchable on April 30 and guidance from the Real Estate Council of BC (RECBC) on how to use LOTR in real estate practice is coming soon. BCREA will support brokerages and REALTORS® in adapting their practice in accordance to the RECBC guidance once it’s available. In the

Housing Market Update – March 2021

Watch BCREA Chief Economist Brendon Ogmundson discuss the March 2021 statistics. [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/49ABaYoIrCY” frameborder=”0″ allowfullscreen style=”position:absolute;top:0;left:0;width:100%;height:100%;” ][/iframe] Click here to visit our YouTube channel. Read the news release here. For more information, please contact: Brendon Ogmundson Chief Economist Direct: 604.742.2796 Mobile: 604.505.6793 Email: [email protected] To subscribe to receive BCREA publications such as this

Getting Ready for the June 1 FINTRAC Changes: Business Relationships

By Adam Feldman, CAMS, CAMS-RM, CSC, Guest Contributor This blog post has been updated to provide clarity on the timing of client identification and on the types of client information that must be reviewed. REALTORS® have been required to conduct ongoing monitoring of their business relationships ever since the concept was introduced into regulation in

Record-Setting Month for BC Homes Sales

For the complete news release, including detailed statistics, click here. Vancouver, BC – April 13, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 15,073 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March 2021, an increase of 123.3 per cent over March 2020 and a new all-time

New Standard Form Toolkits Available for Three Fee Agreement Forms

BCREA has created three new toolkits on the Standard Forms Resource Centre to help enhance REALTOR® knowledge of the following three fee agreement forms: Fee Agreement Buyer Pays (Buyer and Seller Not Represented) Fee Agreement Buyer Pays (Seller Represented Buyer Not Represented) Fee Agreement Seller Pays (Buyer and Seller Not Represented) All three toolkits include

BCREA Seeks Focus Group Participants for Practice-Ready REALTOR® Project

By Katja Gallagher, Education Coordinator, BCREA Are you a new REALTOR®, managing broker or have many years of experience in the profession? Would you like to share your insights concerning the unique needs and challenges of new Realtors? If so, we want to hear from you! BCREA has launched the Practice-Ready REALTOR® Project that seeks

Teams Consultation: BCREA-Real Estate Board Response

On April 1, BCREA and the ten BC real estate boards made a joint submission to the Office of the Superintendent of Real Estate (OSRE) and the Real Estate Council of British Columbia (RECBC) in response to their consultation on regulating real estate teams. The regulators’ interest in teams came up as a result of

Protecting Buyers – and Yourself – in a Hot Market

With interest rates at record lows and not enough available housing stock to meet demand, buyers are willing to take risks to clinch a deal. Still, as a REALTOR®, they look to you for information on managing those risks. As you work in your client’s best interest, in advising them don’t forget to manage your