Standard Forms Spotlight: New blog series to offer valuable insight into provincial forms and clauses

In June, we will be publishing the first post in “Standard Forms Spotlight,” a regular series of blog posts that will help REALTORS® enhance their understanding and build their knowledge of the many intricacies around provincial standard forms and clauses used in real estate transactions in BC.

Published monthly, the blog posts will address common questions, offer tips and guidelines, and will provide insight into form use, creation and changes.

Look out for the first blog next month on the BCREA website, and in the Resources for REALTORS® email distributed by BCREA. Upcoming topics include a look at what goes into standard form revisions and if and when sellers need to document when they review offers.

In BC, there are more than 50 standard forms and clauses administered by the British Columbia Real Estate Association (BCREA) and available on WEBForms®. You will likely be familiar with many of these forms, which are used more regularly, like the Contract of Purchase and Sale and the Property Disclosure Statement. Others, like the new Notice and Acknowledgement form created during the COVID-19 pandemic were recently added to forms available to Realtors.

The Standard Forms Spotlight blog series complements professional development offerings from BCREA which also explore a variety of standard form areas. For example, BCREA recently launched a new online course, Standard Form Essentials: The Property Disclosure Statement (PDS), which offers a deep dive into the Property Disclosure Statement – Residential, and earns learners three PDP hours upon completion.

The PDS course, alongside all online courses, is being offered at a discount rate until July 31, 2020 as a part of BCREA’s effort to support Realtors’ ongoing professional development during the COVID-19 pandemic. Click here to view the course.

Visit the BCREA Standard Forms page to browse all recently published blog posts and search the archives. And if you have questions about BCREA Standard Forms, feel free to email [email protected].

To subscribe to receive BCREA publications, or to update your email address or current subscriptions, click here.