The Home Buyer Rescission Period: What REALTORS® Need to Know Course Now Live!

Dec 01, 2022

Posted by
Harveen Dhaliwal
Marketing-Communications Specialist


With the new Home Buyer Rescission Period coming into effect in January 3, 2023, BCREA has developed a new course to support REALTORS® and managing brokers to not only understand the new rules but also apply them in their practice.

(BCREA Access login required)

The Home Buyer Rescission Period: What REALTORS® Need to Know course, will cover the specifics of the new legislation and equip REALTORS® with a strong foundation required to address the needs of their clients. REALTORS® taking this course will particularly find useful the various scenarios that walk through the process of exercising the right of rescission.

After completing this course, learners will be able to:

  • identify the key elements of the new legislation, including the length of the rescission period;
  • provide required disclosures of the rescission rights to their clients;
  • calculate the rescission amount properly;
  • explain how the deposits are handled, in accordance with the Regulation;
  • fill out appropriate forms in order to be compliant with the new requirements; and
  • identify strategies for managing brokers to mitigate risks.

The primary goal of this course is to enhance the standard of professional competency in how REALTORS® assist their clients and protect their best interests during the home buying or home selling experience.

Course Details:

Format: Self-paced online

Launch: December 1, 2022

Where: Available on BCREA’s Hub

Price: $30

Accreditation: One PDP hour

Availability: One year (Expires November 30, 2023)

Do you have questions about the 2023 HBRP and Standard Forms Launch? Visit (BCREA Access login required) for the most current information, or for Professional Development specific emails, contact us at [email protected].

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