A strong licensing regime is one of the cornerstones of the BC Real Estate Services Act (“RESA”), and something all licensees will be familiar with. However, some intricacies of licensing requirements may catch you off-guard, which is what happened in two recent BC Financial Services Authority (“BCFSA”) investigations resulting in discipline. Licensing – An Overview …
BCREA has created a new video to help REALTORS® explain the Fee for Service Retainer Agreement form to consumers. This form is used by consumers to hire a brokerage to provide specific services tailored to their needs. [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/bABvXnWPc0k” frameborder=”0″ allowfullscreen style=”position:absolute;top:0;left:0;width:100%;height:100%;” ][/iframe] This video explains when to use the Fee for Service …
The BC Real Estate Association (BCREA) Board of Directors is seeking an appointee for the Real Estate Foundation of BC’s Board of Governors. This appointment term would commence April 1, 2022. About the Real Estate Foundation of BC In August 1985 the British Columbia real estate industry, in cooperation with the BC Ministry of Consumer …
Vancouver, BC – January 18, 2022. The number of home sales in British Columbia is expected to fall and home price growth will moderate because of rising interest rates according to a new report from the British Real Estate Association (BCREA) examining the potential impacts of the Bank of Canada’s rate tightening widely expected this …
When there are more than 23,000 REALTORS® in British Columbia, having a collective, industry voice can be difficult. This is why BCREA has a dedicated Government Relations department to support BC Realtors. Sometimes, new Realtors overlook the importance of public policy related to the real estate industry, affecting the profession—especially now, when change has dawned …
In BCREA’s latest release of tutorial videos for BC REALTORS®, we explore five key standard forms: the Co-Listing – Joint Representation form, the Contract of Purchase and Sale Addendum / Amendment form, the Disclosure of Referral Payment form, the Fee for Service Retainer Agreement form, and the Tenant Occupied Property – Buyers Notice to Seller …
For the complete news release, including detailed statistics, click here. Vancouver, BC – January 12, 2022. The British Columbia Real Estate Association (BCREA) reports that a record 124,854 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2021, a 32.8 per cent increase from the 94,001 units sold in 2020. The annual average …
On January 7, BC’s Provincial Health Officer announced that employers are required to re-activate their COVID-19 Safety Plans. To ensure the safety of REALTORS®, managing brokers and their clients, we recommend brokerages update and re-activate their COVID-19 Safety Plan after reviewing the updated Work Safe BC COVID-19 Safety Plan template. BCREA will continue to update …
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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