Risk Management

Hot Markets: Risks and Tips to Avoid Getting Burned #537

How hot is the current hot market? Hot enough that earlier this month, the Real Estate Council of BC (RECBC) issued a caution to consumers and real estate professionals, reminding consumers of the importance of due diligence and reminding real estate professionals to have full and frank discussions with consumers, fully explaining the increased risks

PODCAST: How to Manage Risk in BC’s Current Housing Market (March 2021)

Open House by BCREA logo

On this month’s episode of Open House by BCREA, we highlight best practices and ways for REALTORS® to manage risk in BC’s current housing market. From client conversations, to offer presentations and documentation, Real Estate Board of Greater Vancouver Professional Standards Manager and BCREA instructor Kim Spencer takes you through it all. We also talk

PODCAST: Challenges and Opportunities in a Hot Market During COVID-19 (February 2021)

Open House by BCREA logo

On this month’s episode of Open House by BCREA, host Tony Joe is joined by Vancouver-area REALTOR® Phil Moore, and lawyer and BCREA Legally Speaking author Brian Taylor to talk about the challenges Realtors are facing in a hot market during COVID-19, and how to turn some of those into opportunities. [div id=”buzzsprout-player-8031027″][/div] [script src=”https://www.buzzsprout.com/831562/8031027-challenges-and-opportunities-in-a-hot-market-during-covid-19.js?container_id=buzzsprout-player-8031027&player=small”

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

COVID-19 and a Different Type of “Exposure” Risk

By Ellen Baragon, Guest Contributor Even when REALTORS® adapt strict COVID-19 safety protocols (you can review BCREA’s guidelines here), hosting open houses increases the risk of exposure to COVID-19. Hosting open houses also results in another type of exposure for Realtors: exposure to public scrutiny. With British Columbians anxiously watching the latest transmission numbers, neighbours

Managing Online Communities While Returning to Operation

With Phase 2 of BC’s Restart Plan underway, REALTORS® may encounter concerns or criticism from consumers, especially online. In the latest episode of Open House by BCREA: Returning to Work and Risks to REALTOR® Reputation, Ari Indyk, VP Crisis and Risk at Edelman, provides advice on mitigating and responding to consumer concerns as we navigate

Three Tips for Managing REALTOR® Risk from Leslie Howatt of E&O

Leslie Howatt from Errors and Omissions Insurance Corporation talking in front of a microphone during the BCREA podcast recording

Whether it’s home insurance for homeowners, life insurance for families, or business insurance for business owners, insurance is a big part of life. Former international soccer star David Beckham reportedly had his legs insured for 195 million dollars. And it makes sense – if you’ve got something you value, you protect it. But Beckham’s protection