With more than 1.5 million British Columbians living in strata housing, not to mention all the commercial, industrial and mixed-use stratas in BC, it’s important that REALTORS® understand a key tool in assessing the condition of a strata property: the depreciation report. Here’s a quick primer on what you need to know and how to learn more.
BCREA’s new online Disclosures in Real Estate (DIRE) course can help you better understand the scope of your disclosure obligations.
We are creating enhancements to our online account management system for all existing BCREA Mobile subscribers. Please check your inbox for an email from [email protected] which provides a username and temporary password in order for you to create an account and register your device on the upgraded system. Please ensure you take action immediately once you receive …
Thank you to all BC REALTORS® who participated in the BCREA Mobile Holiday Giveaway Contest. A big congratulations to Karrie Grewal for winning the iPhone 11! An exclusive plan for REALTORS® REALTORS® need a mobile plan that works as hard as they do. That’s why we’ve partnered with the Alberta Real Estate Association to offer …
By Gerry NeelyB.A. LL.B. A strata corporation incorporated in 1987 had 36 apartment-style units and eight townhome-style units. The original owners agreed it would be fair to allocate 18 common expenses on a percentage basis between the two styles, based on the extent to which the benefit of an expense was attributable to one or …
By Gerry NeelyB.A. LL.B. The decision in Legally Speaking 379, that the representative had a duty to know the relationship between the building code and municipal bylaws concerning inspections and permits, is one of several decisions examining circumstances where the representative had a duty to know municipal bylaws. Here are three more examples. A representative advertised that …
By Gerry NeelyB.A. LL.B. The message some licensees took from the two cases discussed in Legally Speaking 371 was that a strata corporation can’t enforce a bylaw restricting the installation of hardwood floors. In fact they can, due to s.219 of the Strata Property Act, which allows strata corporations to enact bylaws controlling the use and enjoyment …
By Gerry NeelyB.A. LL.B. A false start raised several expensive obstacles for a licensee who sued for payment of a commission. The commission agreement was made by letter from the licensee’s client, a limited company, addressed to the licensee and his agent. It agreed to pay a commission to the licensee personally, if a binding …
By Gerry NeelyB.A. LL.B. A licensee’s client took title to a unit with a floating wood floor, in a strata corporation whose bylaws required strata council approval before installation. Neither the licensee nor his client knew the previous owner had not applied for permission until after closing. It had not occurred to them to ask …
The British Columbia Real Estate Association acknowledges that our head office is located on the unceded traditional territories of the Coast Salish Nations of Sḵwx̱wú7mesh (Squamish), səl̓ilwətaɁɬ (Tsleil-Waututh), and xwməθkwəy̓əm (Musqueam). We also acknowledge the other 195 First Nations in British Columbia, as these are the lands we each call home.
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