PODCAST: Episode 13 - What REALTORS® Need to Know About Land Owner Transparency
CATEGORY: BCREA Economics Podcast Practice Tips Professional Development
TAGS: BC Economy BCREA Board of Directors COVID-19 Housing Market Land Owner Transparency Act Land Owner Transparency Registry Professional Development Program
On Episode 13 of Open House by BCREA, we talk to Jamie Matthews, a partner at Farris LLP and BCREA's legal counsel for Standard Forms, about what Realtors need to know about the Land Owner Transparency Act (LOTA) and Land Owner Transparency Registry (LOTR), both of which come into effect on November 30. Specifically, Jamie explores how Realtor practice from the beginning through to the end of a transaction could change due to the new reporting requirements for the LOTR.
This episode was recorded on November 25, 2020.
Show Notes and Links
Below is where you’ll find links to articles and websites referenced during the show. You can also use the times listed to navigate your way through the episode.
What’s New – 1:02
- REALTORS® Encouraged to Continue Safe Business Practices in Light of New Public Health Orders
- Stock Up on Online Courses with a Special Offer This Holiday Season
- Register for BCREA’s 2021-22 Directorship Application Webinar
- Housing Market Update - November 2020
Feature Conversation – 3:30
The LOTA and LOTR both come into effect on November 30. They were created in an effort to end hidden ownership, crack down on fraud and close loopholes by collecting information about “interest holders,” or parties who don’t have a direct ownership but have a meaningful relationship or indirect ownership in land.
And with them come new reporting requirements, filed by legal professionals, when an application is made to register an interest in land.
But where do Realtors fall into the equation? What do you need to know and how should you be advising your clients?
To address that and more, Jamie Matthews, a partner a Farris LLP and BCREA’s legal counsel for Standard Forms, joins the show again.
Subscribe & Follow
Do you want to be notified on your smartphone when the latest episode of Open House by BCREA is published? Subscribe on your favourite podcast app, including Apple Podcasts, Google Play, Spotify, Stitcher, and TuneIn.
You can even ask Alexa to “play the podcast Open House by BCREA.”
While you’re waiting for the next episode, follow BCREA on social media to stay updated:
To subscribe to receive BCREA publications, or to update your email address or current subscriptions, click here.
What we do
Popular tags within BCREA
- Contract of Purchase and Sale
- Professional Development Program
- Real Estate Council of BC (RECBC)
- Housing Affordability
- Anti-Money Laundering
Popular posts from BCREA
Housing Market Update – September 2023Sep 15, 2023
Mortgage Rate ForecastSep 21, 2023