BCREA won two 2024 Association of Real Estate License Law Officials (ARELLO) awards recognizing outstanding communication systems and educational programs related to real estate regulation and practice in North America.

BCREA was recognized with the Affiliate Award - Continuing Education for The REALTOR®’s Guide to Suspicious Transactions course; and the Affiliate Award - Miscellaneous for the Managing Brokers Policies and Procedures Manual Template. Both winners were essential to BCREA’s commitment to providing timely, relevant, and impactful resources to BC’s eight real estate boards and associations and 26,000+ REALTORS®.

The ARELLO Affiliate Awards are presented each year in recognition of outstanding systems and programs that contribute to the real estate profession and promote public protection.

ARELLO is an international organization with a mission to support the administration and enforcement of real estate licence laws. Every year, ARELLO presents awards to members for exemplary leadership in the following categories: Education, Communication, and Affiliate.

Awarded courses, programs, services, and resources must contribute to the real estate sector, promote public protection, and be adapted to benefit licensees and consumers, as well as excel in four areas: concept, methodology, quality, and benefits.

Learn More About the Winners

The REALTOR®'s Guide to Suspicious Transactions

The REALTOR®'s Guide to Suspicious Transactions course provides REALTORS® with practical knowledge of suspicious indicators (red flags) in real estate related to money laundering, terrorist financing, and fraud. This course introduces the four most common fraud types in real estate to enhance REALTORS®’ understanding of why fraud occurs in real estate and how it can be identified. The course also explains how money laundering occurs and what constitutes reasonable grounds to suspect, which is the minimum threshold for reporting a transaction to the Financial Transactions and Reports Analysis Centre of Canada.

Given suspicious transaction reporting in the real estate sector is quite low across Canada, this course is designed to enhance compliance and help REALTORS® protect their clients and brokerages as well as safeguard their communities.

Managing Brokers Policies and Procedures Manual Template

BCREA developed a comprehensive Managing Brokers Policies and Procedures Manual Template in response to the dynamic regulatory landscape that managing brokers face. This template serves as a vital resource for managing brokers and their REALTORS® to ensure they provide exceptional service while adhering to BC’s regulatory framework.

Crafted through extensive research, sector consultation, and feedback from key stakeholders, the manual outlines essential general policies that delineate the responsibilities of managing brokers and REALTORS®. It emphasizes the legal obligations of licensees, promoting a consistent understanding of these responsibilities across all brokerage agents.

The template also offers easily customizable policies tailored to individual brokerage structures, equipping managing brokers with the tools they need to efficiently manage resources and documentation. By utilizing this manual, managing brokers can enhance their operational effectiveness and maintain compliance with regulatory requirements, ultimately fostering a higher standard of service for the public.

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