Rising insurance costs are a major concern for many of the approximately one-quarter of British Columbia’s residents who live in strata properties. This issue was a significant advocacy point for BCREA during the recent provincial election campaign, and it will continue to be a key issue as we work with the new government. The recent …
REALTORS® are committed to doing their part to help prevent money laundering in the BC real estate sector. As the professional association for BC Realtors, BCREA is committed to providing knowledge and resources to help address this complex issue. As part of this commitment, we have created a new blog series to increase awareness around …
BCREA is pleased to announce that the Brokerage Insurance Program now offers vicarious liability and disciplinary fines coverage for managing brokers. This coverage is intended to protect managing brokers who have acted professionally and upheld rigorous professional standards but find themselves facing disciplinary action. The Brokerage Insurance Program is an affinity program created by BCREA …
There are two new presentations available in the What Would You Do? Presentation Series, created by BCREA, the Real Estate Council of BC (RECBC) and the Real Estate Errors & Omissions Insurance Corporation (E&O). These PowerPoint presentations explore the risks around conflicts of interest and misrepresentations and are now available for download on REALTOR Link®. …
On Wednesday, October 21, BCREA hosted a webinar and panel discussion to explore the impacts of the upcoming provincial election on the BC real estate sector. We discussed the key asks that BCREA and real estate boards will make of any new provincial government; the risks and opportunities for the real estate sector arising from …
In September, BCREA released the BCREA Individual Identification Information Record, a new one-page form created to help REALTORS® and brokerages record the identification of clients and unrepresented parties in low-risk face-to-face transactions. This form supports Realtors and brokerages in meeting anti-money laundering requirements and keeping the proceeds of crime out of BC real estate markets. …
Join the BC Real Estate Association (BCREA) on Wednesday, October 21 at 10:00 am PT to explore the impacts of the upcoming provincial election on the BC real estate sector. During this 75-minute webinar and expert panel discussion, we will review the key asks that BCREA and real estate boards will make of any new …
BCREA’s new nine-week blended learning program, Mastering Compliance: Anti-Money Laundering Training for Brokers, launches on Monday, October 5, and it’s not too late to register! This program combines six self-paced online modules with three virtual classroom sessions to provide brokers and compliance officers with the tools to meet anti-money laundering requirements and foster a culture …
In the coming years, new homes in BC are about to get measurably healthier, quieter, more durable, and more energy efficient than those on the resale market, thanks to a regulation called the BC Energy Step Code. BCREA is collaborating with BC Hydro to ensure REALTORS® understand the BC Energy Step Code, so they can …
At BCREA, we know that managing a real estate brokerage comes with a great deal of responsibility – including risk management. That’s why we’ve collaborated with Metrix Professional Insurance Brokers to create the Brokerage Insurance Program, a new affinity program* that provides managing brokers with insurance solutions specifically designed for real estate brokerages. The Brokerage Insurance …
Filing a Suspicious Transaction Report (STR) can seem like a tough call – what’s considered suspicious? And how do they help anyways? The truth is STRs are an easy and important way for REALTORS® to help protect BC’s economy from money laundering. They also play a key role in helping law enforcement identify money launderers …
Registration is now open for Mastering Compliance: Anti-Money Laundering Training for Brokers, a comprehensive online program designed to provide brokers and compliance officers with the tools to master FINTRAC compliance. This nine-week training program combines self-paced, online learning with virtual classes to help you build a strong culture of compliance at your brokerage and network …
This fall, BCREA is launching Mastering Compliance: Anti-Money Laundering Training for Brokers, a nine-week program created to support managing brokers and compliance officers in meeting anti-money laundering and FINTRAC requirements. This comprehensive program will provide learners with the knowledge, skills and resources to: navigate an audit or examination with confidence, implement effective brokerage compliance training, …
On September 16, BCREA will release seven new standard forms, three new clauses and a significant number of revisions to existing forms. Managing brokers are invited to join the virtual Managing Broker Community of Practice on Wednesday, August 19 at 10:00 am to learn more about the upcoming standard forms release. To register for the …
BCREA conducted a follow-up survey on the impacts of COVID-19 faced by REALTORS®. The survey was completed by 1,950 Realtors from all boards between July 13 and July 20. A quarter of Realtors (26 per cent) continue to report no income from transactions since the end of May. Respondents’ most common reason for not receiving …
BCREA and the Canadian Real Estate Association have partnered to offer Leadership 200 (L200) and Leadership 300 (L300) as interactive virtual courses via Zoom. If you’re involved with your board or BCREA leadership (or you’d like to be!) this is a great opportunity to take these courses online and enhance your leadership skills. L200 …
After hearing from strata corporations, owners and other stakeholders – including REALTORS® – for several months, on June 23 the BC Government introduced legislative changes to help address the high costs of strata insurance. Strong advocacy work by BCREA and the real estate boards has resulted in BCREA being named as a contributor in the …
On June 24, the BC Government made it possible to evict residential tenants for reasons other than non-payment of rent. That means real estate transactions that require vacant possession can now proceed. Landlords with existing orders for eviction can take them to the courts beginning July 2, 2020, for enforcement and can enforce a writ …
With Phase 2 of BC’s Restart Plan underway, REALTORS® may encounter concerns or criticism from consumers, especially online. In the latest episode of Open House by BCREA: Returning to Work and Risks to REALTOR® Reputation, Ari Indyk, VP Crisis and Risk at Edelman, provides advice on mitigating and responding to consumer concerns as we navigate …
BCREA, the Real Estate Council of BC (RECBC) and the Real Estate Errors & Omissions Insurance Corporation (E&O) are pleased to introduce the What Would You Do? Presentation Series for managing brokers. This is a series of PowerPoint presentations that managing brokers can give to their REALTORS® to facilitate discussions around risk management. Each presentation …