Get to Know the New and Revised Standard Forms Coming in September
With less than a month to go before BCREA's Fall 2020 Standard Forms Release on September 16, REALTORS® now have the opportunity to view advance copies of the new and revised forms, clauses and accompanying resource guides.
BCREA has developed a pre-launch package that includes previews of the new and revised forms and clauses (watermarked and not for use) and training resources that explain the forms and revisions and will help you prepare for their use.
(REALTOR Link® user name and password required)
The following blogs posts give a brief overview of the upcoming new forms and clauses and revisions and their practice implications:
- Forms 2020: New Standard Forms and Clauses
- Forms 2020: Revised Standard Forms
- Forms 2020: Updated Signature Blocks
Realtors can also view a recording of the BCREA Managing Brokers Community of Practice webinar from August 19, which highlighted key aspects of the upcoming new forms and revisions and included presentations from BCREA Chief Operating Officer Corinne Caldwell, BCREA Legal Counsel for Standard Forms James Matthews, and BCREA Professional Services Manager Jennifer Lynch.
The new and revised BCREA Standard Forms and clauses will be available for use on WebForms® on September 16. A webinar will be held for Realtors on October 6 to give Realtors and Managing Brokers the opportunity to ask questions they may still have after gaining some experience using the new and updated forms. Registration details will be available in September.
The new and updated forms were drafted in response to requests from the profession and other key stakeholders and reflect regulatory and practice requirements. BCREA is releasing all the form changes at once based on feedback from Realtors and to reduce the amount of changes Realtors experience over the course of the year.
We anticipate another form release later in 2020 when the Land Owner Transparency Act comes into effect. We will support Realtors through this change and provide more information as it becomes available.
To learn more about the Fall 2020 Standard Forms Release:
- Read "Get Ready for BCREA's Fall 2020 Standard Forms Release"
- Listen to the August 2020 episode of Open House by BCREA, which features a conversation with BCREA Professional Services Manager Jennifer Lynch
- Visit the BCREA Forms 2020 landing page to read other previously published materials and stay up to date with the latest materials.
If you have any questions about the Fall 2020 Standard Forms Release ask your managing broker or email [email protected]
To subscribe to receive BCREA publications such as this one, or to update your email address or current subscriptions, click here.
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