In June, we will be publishing the first post in “Standard Forms Spotlight,” a regular series of blog posts that will help REALTORS® enhance their understanding and build their knowledge of the many intricacies around provincial standard forms and clauses used in real estate transactions in BC. Published monthly, the blog posts will address common …
The COVID-19 FAQ was updated on May 14, 2020 to include updates to Question 15 which addresses privacy concerns around working in a virtual environment and Question 17 dealing with FINTRAC Individual Identification requirements. Updated information is identified in bold to ensure it is easy to find. As the spread of COVID-19 continues to have …
CORRECTION (May 15, 2020) – A previous version of the Contract of Purchase and Sale video, posted on May 14, contained a typo. Please share this updated video with clients moving forward. The updated video is also accessible in the post below. The British Columbia Real Estate Association (BCREA) has created a video for REALTORS® to …
The British Columbia Real Estate Association (BCREA), in collaboration with the provincial Standard Forms Committee, BC’s 11 real estate boards and other stakeholders, has updated the Property Disclosure Statement (PDS). The updated PDS is now available on WEBForms®. What are the changes to the form? As a response to several issues impacting the BC real …
The British Columbia Real Estate Association (BCREA) has created a new Standard Form, the Notice & Acknowledgement form, for use by REALTORS® during the COVID-19 pandemic. It is now available on WEBForms®. With the practice of real estate having changed since the outbreak of COVID-19, your clients may have many questions and concerns over how …
On March 5, more than 1100 REALTORS® logged in to BCREA’s webinar Making Sense of Webforms®. The webinar, a supplement to WEBForms® training already being offered by local member boards, brought together CREA’s WEBForms® Product Manager and a WEBForms® technology trainer & consultant, to give REALTORS® tips on how to make the most of BCREA …
As a result of recent changes to the strata insurance landscape, BCREA has created a Strata Insurance Clause to help REALTORS® support their clients when entering the strata property marketplace. The clause is now available for REALTORS® to use on WEBForms®, and a guide with more details on how to use the clause is available …
2020 has already gotten off to an eventful start for REALTORS® – the new Professional Development Program framework came into effect on January 1 and the Real Estate Council of BC announced it has developed a new mandatory anti-money laundering course for all real estate licensees. Here at BCREA, we’re rolling up our sleeves and …
The British Columbia Real Estate Association (BCREA) has created a new video to help consumers better understand the Privacy Notice and Consent form, and how REALTORS® protect consumer privacy and personal information during and after real estate transactions. You can show this video to consumers when discussing the Privacy Notice and Consent form, or at …
Recent changes to three Real Estate Council of BC mandatory disclosure forms are a significant improvement on previous versions, which were launched as part of the June 2018 Rule changes. The revised forms, which came into effect September 30, 2019, include the Disclosure of Representation in Trading Services, Disclosure of Risks to Unrepresented Parties and Disclosure to Sellers of …