Managing Brokers

Cybersecurity Tips for REALTORS®: Multifactor Authentication

With most of our business being conducted online, REALTORS® and managing brokers must be aware of good cybersecurity practices. Ensuring your digital accounts are secure online prevents hackers from obtaining not just your sensitive information, but also private client information. In a recent Community of Practice for Managing Brokers session, BCREA Technology Manager, Mairon Batista,

Join BCREA’s Managing Broker Advisory Committee: Applications Now Open

BCREA is seeking managing or associate brokers to serve on the Managing Broker Advisory Committee. As a Committee member, you will be involved in meaningful discussions, identifying opportunities and providing recommendations about how BCREA, through its core services can best support managing brokers and the profession to ensure BCREA is driving value. The Committee is

Register Now for Mastering Compliance 2.0

Update – October 20: Mastering Compliance 2.0 is now live. The program and its modules are available for learners on REALTOR Link®. (REALTOR Link® login required)         Pre-register for Mastering Compliance: Anti-Money Laundering Training for Brokers today! The updated online program provides brokers and compliance officers with the tools to master FINTRAC compliance. This program combines self-paced and

OSRE Wants Your Input Into Real Estate Teams

The Office of the Superintendent of Real Estate (OSRE) invites REALTORS® and others to give input into the regulation of real estate teams by participating in a survey open until Friday, April 2, 2021. OSRE has been working with the Real Estate Council of BC (RECBC) to consider how to enhance the regulation of teams

OSRE Announces Five Recommendations to Support Managing Brokers

On Tuesday, February 9, the Office of the Superintendent of Real Estate (OSRE) announced five preliminary recommendations to support managing brokers as part of a report into the role of managing brokers in real estate transactions.  The study was completed in collaboration with the Real Estate Council of BC (RECBC) and with input from BCREA,

Brokerage Insurance Program Now Offers Vicarious Liability and Disciplinary Fines Coverage

BCREA is pleased to announce that the Brokerage Insurance Program now offers vicarious liability and disciplinary fines coverage for managing brokers. This coverage is intended to protect managing brokers who have acted professionally and upheld rigorous professional standards but find themselves facing disciplinary action. The Brokerage Insurance Program is an affinity program created by BCREA

BCREA Launches Insurance Program for Real Estate Brokerages

At BCREA, we know that managing a real estate brokerage comes with a great deal of responsibility – including risk management. That’s why we’ve collaborated with Axis Professional Insurance Brokers to create the Brokerage Insurance Program, a new affinity program* that provides managing brokers with insurance solutions specifically designed for real estate brokerages. The Brokerage Insurance

BCREA Creates Virtual Community for Managing Brokers

In April, BCREA launched our Managing Broker Community of Practice, a virtual community where managing brokers can connect, find important information, hear from guest speakers, and share best practices. The current focus of the Community of Practice is supporting managing brokers with information around the COVID-19 pandemic. Based on the needs of the community, the

Improving the Role of Managing Brokers

In October at BCREA’s Managing Brokers’ Conference, the Office of the Superintendent of Real Estate (OSRE) reported on work to review the roles and responsibilities of managing brokers in BC. They released a discussion paper and asked for feedback on five short- and medium-term actions as well as three long-term concepts. BCREA worked with member boards to

Brokering a new deal for Managing Brokers

At BCREA’s second annual Managing Brokers’ Conference in October, Superintendent of Real Estate Micheal Noseworthy introduced a new discussion paper: “Reframing the Role of Managing Brokers in BC.” The discussion paper is part of a managing broker consultation process by the Office of the Superintendent of Real Estate (OSRE) that began in fall 2018 with

Ideas into Action: BCREA Managing Brokers’ Conference

Register today for BCREA’s second Managing Brokers’ Conference and join managing and associate brokers from across BC on October 16 and 17 at the Coast Capri Hotel in beautiful Kelowna for a day of networking and learning! This year’s conference theme is Ideas into Action, and the all-day conference on October 17 will take an

Getting to the Bottom of FINTRAC Compliance

Answers to your burning questions The wait for responses from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) to managing brokers’ top questions submitted at the Conference for Managing Brokers is over! During the conference, attendees submitted questions to the presenters and voted for the questions they most wanted answered. Responses to three

Conference for Managing Brokers: BCREA Question Responses

On September 19, BCREA hosted our first BCREA Advocacy Exchange: Conference for Managing Brokers. The conference provided a unique opportunity for managing brokers, licensees and stakeholders from across the province to network, learn about advocacy and hear from key organizations in the industry. Conference attendees posed many insightful questions throughout the day, using an online platform that

BCREA Advocacy Exchange: Conference for Managing Brokers

On September 19, BCREA hosted our first Advocacy Exchange: Conference for Managing Brokers. The conference provided a unique opportunity for managing brokers from across the province to network, learn about advocacy, ask questions and be informed on matters affecting organized real estate. The event was well attended by over 250 managing brokers, licensees and key

Managing Broker Insights

Managing broker oversight is an important theme that runs through several of the recommendations from the Independent Advisory Group (IAG). The Superintendent of Real Estate has said that implementing these recommendations is a priority for his office. In late 2017 and early 2018, BCREA worked with NRG Research Group Inc. to understand the realities of

Broker’s Responsibility to Have Office Policies to Help Representatives Deal With Water Problems; Contract to Enter Into a Contract Is Unenforceable #382

Legally Speaking

By Gerry NeelyB.A. LL.B. An Alberta decision about a broker’s failure to establish policies for representatives to deal with known water problems in homes constructed by a developer in a given area reflects the high value of local knowledge. The broker’s problem started when a new licensee, who had never shown a house by herself,

Goodbye Salespersons, Nominees and Agents; Paragraph 2(f) of the PDS—Building Permits, Licensee’s Standard of Care and Material Latent Defects #379

Legally Speaking

By Gerry NeelyB.A. LL.B. To familiarize ourselves with the name changes for the classification of licensees in the new Real Estate Services Act, Legally Speaking columns from now on will describe salespersons as representatives, nominees as managing brokers and agents as brokerages. * * * A managing broker’s lament about the consequences of a seller who falsely answered