BC’s new Home Buyer Rescission Period (HBRP) for residential real estate property takes effect on January 3, 2023 and while it is not a new concept, REALTORS® need to be aware of the effects of the new regulation
Posts tagged with “Consumer Protection”
Legally Speaking
Stay Cool – New Home Buyer Rescission Period for Residential Real Properties Coming January 3, 2023 #555
Advocacy
BC Government to Implement Homebuyer Protection Period in January 2023
The BC Government has created regulations that will enable a mandatory three-day Homebuyer Protection Period, previously called a “cooling off period,” on January 1, 2023.
Advocacy
Success of Real Estate Consumer Protection Measures Hinges on Next Steps by BC Government and Real Estate Regulator
After reviewing the BCFSA consumer protection recommendations published on May 26, the BCREA urges the Ministry of Finance to carefully consider the next steps prior to implementing any of the measures proposed.
Legally Speaking
Remind Consumers: They Are What They Sign! #506
When dealing with consumers, licensees will encounter those who do not read, write or speak English well, or even at all…
Legally Speaking
Prepayment of a Locked in Mortgage #38
The contrast between today’s relatively low rates of interest and the high rates found in mortgages which were renewed in 1982 has led the mortgagor with a closed renewal mortgage to try to find ways in which the…
