Rental Property: Issues and Implications for REALTORS®
Your clients may ask you to help deal with rental property issues. Did you know that the Real Estate Services Act requires additional licenses and permissions for you and your brokerage if you provide these services?
This interactive course uses a case study to help you understand the legislation and how it applies to you and your clients. It also covers the risks, liabilities, and disclosure requirements associated with managing properties. If you have a Trading Services License and want to deal with rental properties, take this course first.
Learning Objectives:
- Identify REALTOR® activities that the Real Estate Council would consider Rental Property Management Services
- Identify key areas of concern when managing non-resident owners’ investment property
- Describe the major areas of liability and risk when managing investment properties for clients
- Describe the major areas of liability and risk for Managing Brokers when their REALTORS® manage investment properties for clients
- Apply Section 49 of the Residential Tenancy Act, Notice to End a Tenancy
- Describe who’s responsible for damage to a tenanted property under the Strata Property Act and the Residential Tenancy Act
- Ascertain when and how to give proper notice to end (and show) a tenanted property to prospective buyers
- Explain the limitations and exemptions of a restricted Trading Services licence for Rental Property Management
- Apply the Right to Access a tenanted property under the Residential Tenancy Act
- Identify REALTOR® issues on Strata Council
- Evaluate best practices for REALTORS® who manage tenant occupied properties
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