Licence and Registration Please #545

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

New Video Explains the Fee for Service Retainer Agreement Form to Consumers

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=”” 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

Seeking BCREA Appointee to the Real Estate Foundation of BC

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

Too Tight? The Impact of Bank of Canada Tightening on BC Housing Markets

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

Get to Know BCREA Government Relations: The Voice of BC’s REALTORS®

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

Latest Tutorial Videos for REALTORS® Explore Five Standard Forms

In BCREA’s latest release of tutorial videos for BC REALTORS®, we explore five key standard forms: These tutorial videos are intended to help Realtors better understand and use these common forms and feel confident in explaining these forms to their clients. Co-Listing – Joint Representation This video tutorial explores the Co-Listing – Joint Representation form,

A Record Year for the BC Housing Market

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

Has Your Brokerage Re-Activated Their COVID-19 Safety Plan?

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

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