Prevent Client Remorse in a Fluctuating Real Estate Market #552

In fluctuating markets, remorse claims become all too common. Consumers regret and want to escape deals. Ensuring you’re well prepared upfront with the proper documentation, the best information and best practices, REALTORS® can help prevent client remorse. Yet, client remorse and uncertainty can still occur despite your best efforts. Why do clients get remorse? Remorse

BCREA Managing Broker Needs Analysis Survey

As part of BC Real Estate Association’s (BCREA) Strategic Plan, we are conducting research to identify the needs of Managing Brokers and opportunities within the profession to support Managing Brokers. If you are a Managing Broker, Associate Broker or Broker Owner, please take a moment to complete the survey by clicking the link below. Complete

BC’s Home Buyer Rescission Period: Your Questions Answered

The Home Buyer Rescission Period (HBPP), previously known as “Homebuyer Protection Period” and “cooling-off period,” is expected to be implemented province-wide in January 2023. With many details yet to be determined by the BC Government, we have been hearing from REALTORS® with questions. In this post we answer some of those questions.   Bookmark this page since we’ll

Operational Committees

These BCREA Operational Committees & Other Volunteer Committees help guide our association’s work and ensure our REALTOR® members’ diverse viewpoints and valuable expertise remain at the heart of our decision-making. Click any Operational Committee names or task forces below to view its Terms of Reference and learn more about its purpose, responsibilities and criteria. BCREA

Board of Directors, Board Committees and External Appointments

Board of Directors Interested in helping to set BCREA’s strategic focus and have a meaningful impact on the future of the real estate profession? The Board of Director’s role covers a wide range of responsibilities including setting BCREA’s strategic goals and objectives, financial oversight, ensuring qualified management, overseeing BCREA’s business activities, reviewing its materials risk

BCREA Access Replacing REALTOR Link® On August 23

On August 23, BCREA is launching BCREA Access, a new platform for REALTORS® to securely access resources from BCREA. Designed exclusively for BC REALTORS®, managing brokers and real estate board staff, BCREA Access contains resources to help support real estate professionals, where and when you need it the most. With BCREA Access, REALTORS® will be able

BC Home Sales Continue to Slow in July

For the complete news release, including detailed statistics, click here. Vancouver, BC – August 11, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 5,572 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July 2022, a decrease of 42.4 per cent from July 2021. The average MLS® residential

Anti-Money Laundering

Ensuring REALTORS® have the resources to meet anti-money laundering requirements is an important step towards keeping money from criminal activity out of BC’s housing market. Money laundering is an issue of significant concern for all British Columbians. At BCREA, we take the issue very seriously. In 2022, the BC Government publicly released the final report

Governance

Bylaws: This document contains BCREA’s Bylaws as filed with the Registrar of Companies of the Province of British Columbia and was last updated in 2020. Click here to view BCREA’s Bylaws. Rules: This document contains the rules and regulations that govern BCREA. Click here to view BCREA’s Rules. Constitution: Created in 1995, BCREA’s Constitution provides

Advocacy Resources

Lobbyist Registry: All real estate boards are required to report their provincial advocacy through BC’s Lobbyists Registry. BCREA has prepared the following resources to help: Frequently asked questions Memo for REALTORS® re MLA meetings Webinar: Understanding BC’s lobbying laws Guidance from the Office of the Registrar of Lobbyists: How to Register and Report Your Lobbying

Consumer Protection

BCREA and REALTORS® have an intrinsic interest in consumer protection – what’s good for home buyers and sellers is also good for the real estate sector. BCREA is committed to working with the BC Government and BC’s real estate regulator, the BC Financial Services Authority (BCFSA), to develop robust evidence-based policy that will enhance consumer

Environment and Climate Change Resiliency

Flood Protection Flood risk has the strong potential to increase in coming years due to climate predictions calling for increased levels of precipitation in more frequent and more intense weather events. Flooding poses catastrophic risks to BC’s economic vitality, safety and environment. BCREA’s flood plays a strong role in floodplain mapping to assist REALTORS®, their

Real Estate Practice

Regulatory Reform In 2021, the BC Financial Services Authority became the sole regulator of real estate in the province. To learn more about how this change affected REALTORS®, please click on the following resources: BCREA blog post: BC Financial Services Authority Becomes Sole Regulator for Real Estate BCREA blog post: UPDATED – BCFSA becomes real

Affordability

Supply BCREA advocates for improved housing affordability through addressing the mismatch between supply and demand. The government has made some progress towards increasing housing supply, including removing the default requirement for local governments to hold public hearings for rezoning that are consistent with Official Community Plans. We are encouraging the government to enact proposals laid

Government Liaison Days

Government Liaison Days (GL Days) is an annual event hosted by BCREA where REALTORS® from across BC learn about pertinent government relations issues and meet with local MLAs. GL Days is an important tool to drive forward smart policy and build strong relationships with politicians. GL Days first took place in 1988 in Victoria, although

Elections

BCREA is a non-partisan organization, focusing on the issues rather than the politics. We try to work collaboratively with whatever party is forming government, while also fostering relationships with the opposition. BCREA and member boards participate in elections by promoting important issues, sponsoring housing debates, as well as providing resources to help engage with their

Advocacy Update

Advocacy Update is BCREA’s regular update on political real estate news in BC. This biweekly newsletter gives updates on government actions affecting the sector, significant actions taken by BCREA, as well as ways how REALTORS(R) can get involved. We also publish a monthly one-minute video that provides highlights from the previous month’s news. To stay

BCREA Volunteer Opportunities

REALTORS® are an integral part of the community. Not only do you facilitate what is often one of the biggest transactions in people’s lives, but you also support your communities through a dedication to your profession. That means taking Professional Development opportunities, upholding the highest standards of professionalism, and for some, it could also mean

Focus on Privacy

British Columbia’s private sector privacy legislation came into effect on January 1, 2004. The Personal Information Protection Act (PIPA), governs the collection, use and disclosure of personal information held by organizations. The legislation recognizes the rights of the individuals, to protect their information and the need of the organization to collect, use, or disclose personal information for