How to Apply for BCREA’s Legal Defence Reserve for REALTORS®
TAGS: Legal Defence Legal Defence Reserve
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 related to litigation or discipline, or support in other forms such as advocacy with the regulator.
Previously, the LDR supported the Real Estate Brokers Association of BC with its participation the Cullen Commission.
If you find yourself in need of support, here are five steps for how to apply for the Legal Defence Reserve.
Log into BCREA Access and visit the LDR page, which is located in the main menu under Resources for Boards & REALTORS®.
Complete the LDR application here (BCREA Access login required).
Complete the application with pertinent details. You will need to answer the following:
- A summary of the issue for which you face disciplinary or legal recourse.
- Why is this issue important to Realtors in BC?
- Have you tried to resolve the issue and assess the allegations through consultation with a lawyer or BCFSA?
- What do you hope to achieve?
- What assistance do you want BCREA to provide?
Additionally, you will need to obtain written support from your managing broker and member board.
Submit the completed application along with supporting documents by email to [email protected].
Wait for a decision from the Legal Defence Committee (LDC). The Committee will review the application and contact you via email with its decision.
To learn more about the Legal Defence Reserve and how BCREA supports Realtors, visit www.bcrea.bc.ca/legaldefence.
To subscribe to receive BCREA publications such as this one, or to update your email address or current subscriptions, click here.
What we do
Popular tags within BCREA
- Real Estate Practice
- Anti-Money Laundering
- Housing Affordability
- Professional Development Program
- Real Estate Council of BC
Popular posts from BCREA
Housing Market Update – May 2023May 16, 2023
Mortgage Rate ForecastMar 22, 2023