Professional Development Program: Frequently Asked Questions

Being a REALTOR® means committing to a standard of professionalism that goes beyond regulatory requirements. BCREA and the province’s ten real estate boards facilitate Realtor professional development by providing learning opportunities to enhance skills, confidence, and knowledge within the profession. Below are frequently asked questions about the Professional Development Program. Legal Is Legal Update still

PODCAST: A Guide to Getting Started as a REALTOR® (July 2021)

Open House by BCREA logo

On this month’s episode of Open House by BCREA, a panel of three BC Realtors, including host and managing broker Tony Joe, BCREA Director Ashley Smith, and Youth Professional Network chair Kate Philpott talk about getting started as a Realtor, along with tips and directions about how to fast-track a new career in real estate.

Testing the Waters: Transactions Involving Float Homes #540

Float homes can seem like great options for buyers seeking an affordable waterfront location. However, buyers considering purchasing their first float home may not be aware of some of the differences between such a purchase, and the simple purchase of a boat, or home on land. Here’s an overview of some differences to keep in

Five Insurance Tips for Wildfire Season

Sadly, it seems that in addition to spring, summer, fall and winter, BC now has a fifth season: wildfire season. What’s worse is that this year the wildfire season has gotten off to an early start, making it more important than ever for REALTORS® to help clients manage wildfire risks. While there are some things

Know Your Product: House Structures is Now Available Online

Know Your Product: House Structures is a revamped version of the previously popular Know Your Product, in-person course, where REALTORS® will be provided a comprehensive introduction to the fundamentals of residential construction including footings, foundations, floors, decks, walls, openings, stairs, roofs, and chimneys. This course is available as a self-paced online offering, that allows you

New Toolkits Available for Limited Dual Agency Agreements

BCREA has launched two new toolkits in the Standard Forms Resource Centre to help REALTORS® navigate dual agency scenarios. The toolkits cover the Limited Dual Agency Agreement (Competing Buyers/Tenants) and the Limited Dual Agency Agreement (Buyer/Tenant and Seller/Landlord). Each of the toolkits include an introduction to the form, FAQs, an annotated version of the form,

New Video Explains the Co-Listing Form – Separate Representation to Clients

BCREA has created a new video to help REALTORS® explain the Co-Listing Form – Separate Representation to their clients. This form allows multiple sellers with opposing interests to each have their own designated agent(s) to represent them in the sale of a property.  [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/hTsWP-9JRJQ” frameborder=”0″ allowfullscreen style=”position:absolute;top:0;left:0;width:100%;height:100%;” ][/iframe] This video reviews the difference between joint and separate representation, the circumstances under which a client may choose to enter into a co-listing agreement with separate representation, and the potential benefits of this type of arrangement. The

Legal Defence Reserve Offers Peace of Mind for REALTORS® Faced with Legal Challenges

Professionalism is always top of mind for REALTORS®. Your reputation with your clients is based on trust as they rely on you to advise and act in their best interest.  But your peace of mind is important, too.  That’s where BCREA’s Legal Defence Reserve (LDR) comes in. The LDR is a useful support system for Realtors if legal challenges arise around issues of provincial significance. Funds from the

Standard Forms Spotlight: REMINDER – The BCREA Individual Identification Information Record Has Been Retired

When the latest FINTRAC amendments came into effect on June 1, 2021, we retired the BCREA Individual Identification Information Record as it no longer meets brokerages’ record keeping obligations. Please use the FINTRAC forms provided by the Canadian Real Estate Association (CREA) or your brokerage to ensure you continue to meet these obligations.   Although this form has

BCREA Calls for Ongoing Collaboration with Launch of Sole Regulator

The British Columbia Real Estate Association (BCREA) welcomes the announcement that as of August 1, consumers can look forward to a more efficient and better coordinated regulatory authority for real estate when the BC Financial Services Authority (BCFSA) becomes the sole regulator for BC’s financial services sector, including real estate. As the voice of BC’s

Housing Market Activity Normalizing After a Frenetic Year

For the complete news release, including detailed statistics, click here. Vancouver, BC – July 12, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 11,070 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June 2021, an increase of 34.7 per cent over June 2020. The average MLS® residential

BCREA Seeking Participants for Consumer Research

Real estate and housing has always been a hot topic in British Columbia, especially over the last few months with record-breaking sales and rising housing prices. Given that REALTORS® are involved in the majority of real estate transactions in BC, the British Columbia Real Estate Association (BCREA) is conducting consumer research to better understand how

Save the Date: Mastering Compliance 2.0 Coming October 2021

This post was updated on August 20, 2021, to incorporate that the Anti-Money Laundering Symposium has been moved to early 2022. This October, BCREA will expand its anti-money laundering support for managing brokers and compliance officers with the launch of an updated online version of Mastering Compliance: Anti-Money Laundering Training for Brokers and followed by