Pearl Zhou

Real Estate Category Added for 2022 Land Awards; Deadline for Nominations is November 5

The Real Estate Foundation of British Columbia (REFBC) is accepting nominations for its 2022 Land Awards, recognizing projects and people that demonstrate innovation and leadership in sustainable land use and real estate. The deadline for nominations is November 5, 2021.  This year, a new category, Real Estate, has been added to celebrate real estate projects or initiatives that advance sustainable and inclusive land use and real

BCREA’s 2021 Standard Forms Release Coming This Fall

This fall, BCREA will be releasing 11 new standard forms, multiple clauses and revisions to a significant number of forms. Among the new forms will be those related to First Nations Reserve Lands Leasehold Properties, Cancellation of Buyer Agency Exclusive Contracts, Property Disclosure Statement – Strata Properties – Bare Land Strata and more. New clauses

Register Now for Mastering Compliance 2.0

Update – October 20: Mastering Compliance 2.0 is now live. The program and its modules are available for learners on REALTOR Link®. (REALTOR Link® login required)         Pre-register for Mastering Compliance: Anti-Money Laundering Training for Brokers today! The updated online program provides brokers and compliance officers with the tools to master FINTRAC compliance. This program combines self-paced and

Way Out of Balance: Housing Supply and Demand During the Pandemic

Vancouver, BC – October 7, 2021. The British Columbia Real Estate Association (BCREA) has published a report quantifying the imbalance between supply and demand in the BC housing market during the COVID-19 pandemic. BCREA’s recent Market Intelligence report, Way Out of Balance: Housing Supply and Demand During the Pandemic, estimates at the peak of market

BCREA Education Programs Win 2021 ARELLO Awards

Update – September 24: This blog post previously referenced a third award win for BCREA’s Open House by BCREA podcast. This has been removed as ARELLO mistakenly issued this award. BCREA has won two ARELLO awards recognizing outstanding communication systems and educational programs related to real estate regulation and practice in North America. BCREA was recognized for the Managing Broker Community of Practice, and Mastering

Get Ready for Mastering Compliance: Anti-Money Laundering Training for Brokers

BCREA’s popular self-paced education program, Mastering Compliance: Anti-Money Laundering Training for Brokers, is back! This year’s program is touted as “Mastering Compliance 2.0,” with enhancements incorporating feedback from last year. Mastering Compliance: Anti-Money Laundering Training for Brokers helps managing brokers, compliance officers and administrative staff who contribute to FINTRAC compliance at their brokerage meet FINTRAC’s

BC Home Sales Returning to Normal While Supply Hits Record Low

For the complete news release, including detailed statistics, click here. Vancouver, BC – September 14, 2021. The British Columbia Real Estate Association (BCREA) reports that a total 9,507 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August 2021, a decrease of 7.1 per cent over August 2020. The average MLS® residential price

Get to Know BCREA Standard Forms: The Backbone of Real Estate Transactions

As a new REALTOR®, knowing which forms to use for a transaction may seem daunting at first. To ensure Realtor success and confidence, BCREA collaborated with the province’s ten real estate boards, lawyers, and other industry experts to draft and update standard forms for Realtors in BC. These forms are the backbone of real estate

New Statutory Holiday on September 30, National Day for Truth and Reconciliation

September 30 is National Day for Truth and Reconciliation, a new federal statutory holiday. The day recognizes the colonial legacy of residential schools, honour Indigenous survivors, and is vital to the ongoing reconciliation process. This statutory holiday means federally regulated sectors such as banks will be closed in observance of the national day. The Bank

Election Housing Promises Destined to Fail Without Detailed Plans to Increase Supply

For Immediate Release Vancouver, BC – September 1, 2021. The British Columbia Real Estate Association (BCREA) is encouraged by the focus on housing affordability as a key priority in each of the major party’s platforms in the lead-up to September’s federal election. However, while parties pledge to build more homes and make purchasing easier, without detailed plans to quickly turn those promises into action that will increase supply, campaign promises will lead to municipal bottlenecks, failed policy and disappointed homebuyers.  “We

Tips for Using Clauses and Amending Contracts of Purchase and Sale #541

Standard form contracts of purchase and sale are very useful in real estate transactions. They are familiar, well-tested, and cover off all the basics and much more. However, real estate is complicated and the one-size-fits-all approach may not fit every situation. In cases where a standardized contract of purchase and sale does not entirely address the specific needs of the transaction adding terms and conditions – or

Have You Checked Out BCREA’s New Courses?

As summer slips away, and we head into a crisp BC fall with a fresh new school year, you might be thinking of heading back to the books as well. This year BCREA introduced six new online courses for REALTORS®, expanding BCREA’s comprehensive online course catalogue. In case you missed them, or you’re thinking of

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

BCREA has created a new video to help REALTORS® explain the Co-Listing Form – Joint Representation to their clients. This form is used to amend a Listing Contract when the sellers want the property to be listed jointly by more than one brokerage. [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/hwy9fOsu7G0″ frameborder=”0″ allowfullscreen style=”position:absolute;top:0;left:0;width:100%;height:100%;” ][/iframe] This video explains the

How to Apply for BCREA’s Legal Defence Reserve for REALTORS®

BCREA’s Legal Defence Reserve (LDR) is a valuable support system that assists REALTORS® by supporting litigation or providing other assistance for issues concerning the Realtor profession. When serious issues arise with potential implications on Realtor practice, reputation, and the real estate profession as a whole, BCREA may assist you with your claims with financial support

Popular BCREA Online Course Helps REALTORS® Engage Clients Effectively

Professionalism is one of the core competencies of a REALTOR®, and at the heart of having a high standard of professionalism is effective engagement with your clients. The way you interact with your clients is a key factor in developing a good reputation, your ability to conduct a successful transaction, and it’s an essential factor

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