September 13, 2023 – Real Estate Transactions Involving Indigenous Lands

On Wednesday, September 13, 2023, we were joined by Barry Porrelli, Lawyer and Owner at Porrelli Law, and Scott Simpson, Notary Public and Partner at Simpson Notaries. Barry and Scott provided an informative session on different legal regimes, understanding leases, the leasing process on reserve lands, how to complete the Contract of Purchase and Sale with particular attention to Clauses 5, 7, and 8, and more.

Below are answers to some questions our guest speakers were unable to address during the September 13, 2023 session:

Why are there such a disproportionate number of First Nations Bands in BC (200) compared to 600 plus in the rest of Canada?
- There are a lot more Indigenous people in Ontario than BC and I believe the reserves there can be much larger – but why there are more individual Bands in BC a historian would have to answer as I don’t really know.
Does a First Nations lessee’s GST exempt status extend to all First Nations real estate or just their own? For example, if a Westbank is leasing in a Musqueam project.
- Generally, we don’t give tax advice – but I believe the tax exemption comes from being a Status Indian, not a member of a particular Band.

Resources:

Forms:

Most Recent

Past Sessions

November 1, 2023 – Managing Brokers Policies and Procedures Manual Template & Standard Forms Launch

On Wednesday, November 1, 2023, we were joined by Jim McCaughan, Professional Services Support Advisor at BCREA, and Ryan DeLuca, Managing Director at 25th Hour Regulatory Consulting. Jim provided an informative overview of BCREA’s November 2023 Standard Forms Launch, including a summary of the forms change process, standard forms resources, a synopsis of the standard forms launch itself, and more. Ryan gave an invaluable presentation on topics such as why brokerages need a policies and procedures manual, things to consider when creating the manual, sections to include in the manual, best practices, and more.

Session slide deck (25th Hour Regulatory Consulting)
Session slide deck (BCREA)

Resources:

BCREA Standard Forms Pre-Launch Package
BCREA Policies & Procedures Template
- Please note clicking on the Managing Brokers Policies and Procedures Manual Template link above will directly download a Word document that is not viewable on your device until downloaded.
BCREA Standard Forms email address: [email protected]
Ryan DeLuca – BCREA Managing Brokers’ Conference Speaker Video
BCREA Managing Broker Support Line:
- Lower Mainland: 604-520-9440
- Toll-Free: 1-844-414-8655
- Email: [email protected]

The views expressed in these presentations are those of the speakers and do not reflect the views of BCREA or its member boards. Please note, the content of these presentations was current as of the date of each session and we cannot guarantee the accuracy of information provided in past sessions.