Webinar: Preparing for the Home Buyer Rescission Period, Regulatory and Practice Resources

Nov 04, 2022

Posted by
Ivonne García
Editorial and Content Specialist


BC's new Home Buyer Rescission Period (HBRP) for residential real estate property takes effect on January 3, 2023. You can help ensure that you understand and comply with the new requirements and know how to explain them to your clients by registering for the one-hour webinar presented jointly by the BC Financial Services Authority (BCFSA), the British Columbia Real Estate Association (BCREA), and hosted by local real estate boards across the province. 

The goal of this webinar is to improve REALTORS'® comprehension of the HBRP, also known as the cooling-off period. Expert speakers Jim McCaughan, Professional Services Manager at BCREA, and Carmen deFoy, Practice Education Manager at BCFSA, will provide an overview of: 

  • what the HBRP entails, 
  • how it will impact REALTORS®, buyers and sellers, 
  • what you need to know about the new disclosure requirements and changes to forms, 
  • regulatory guidance and forms and responses to frequently asked questions, 
  • what resources are available to support you and that you can share with clients, and  
  • much more. 

The webinar will include a review of some Frequently Asked Questions and will conclude with a facilitated question-and-answer period. 

Look out for information from your real estate board to register and join the session in your area. 

Webinar Schedule

  • Association of Interior Realtors
    Tuesday, November 29 from 10 am to 11 am  
  • BC Northern Real Estate Board
    Tuesday, November 22 from 12 pm to 1 pm 
  • Chilliwack and District Real Estate Board
    Friday, December 2 from 10 am to 11 am
  • Fraser Valley Real Estate Board  
    Tuesday, December 6 from 10 am to 11 am  
  • Powell River Sunshine Coast Real Estate Board  
    Friday, November 25 from 10 am to 11 am  
  • Real Estate Board of Greater Vancouver  
    Thursday, December 1 from 10 am to 11 am
  • Vancouver Island Real Estate Board  
    Monday, November 21 from 10 am to 11 am  
  • Victoria Real Estate Board  
    Monday, November 28 from 10 am to 11 am  

Meet the Speakers 

Jim McCaughan is the Professional Services Manager at BCREA. He was first licensed in 1977 as a Sales Associate and became a Broker in 1979. Jim is considered one of the foremost experts on agency in the real estate industry in BC. Jim is a Past-President of the Fraser Valley Real Estate Board and the Chilliwack Real Estate Board. He served six years on the Real Estate Council of BC and eleven years on the Errors & Omissions Insurance Corporation of BC. He was the BCREA 2012-13 President. 

Carmen deFoy is the Manager of Practice Education at BC Financial Services Authority, where she develops education programs, professional guidance materials and consumer-focused resources. She leads a team of practice standards advisors who provide advice to hundreds of real estate consumers and industry professionals each month. Carmen holds a BA from Simon Fraser University with a focus in Criminology and Education, a certificate of investigations and enforcement from the Justice Institute of BC and is nearing the completion of her Master of Business Administration at Thompson Rivers University. 

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