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 …
BCREA has added a session of our Managing Broker Community of Practice on March 31, 2021 at 10:00am to address the current conditions of BC’s housing market. The session will explore some of the emerging trends resulting from the state of the housing market, including multiple and subject-free offers, as well as offer guidance for …
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 …
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” …
By Ellen Baragon, Guest Contributor Due to the real estate sector’s size, its services, and the high monetary values involved, real estate is at risk of being targeted for money laundering – as are banks and financial sectors where large transactions are common. One important way a real estate brokerage can reduce this risk is …
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 …
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 …
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 …
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 …
Episode 7 of Open House by BCREA, Returning to Work and Risks to REALTOR® Reputation, features a conversation with Ari Indyk, VP Crisis and Risk at Edelman. With BC entering Phase 2 of its Restart Plan and Realtors and Managing Brokers beginning to resume work in larger numbers, Ari highlights some of the potential risks …
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 …
The British Columbia Real Estate Association acknowledges that our head office is located on the unceded traditional territories of the Coast Salish Nations of Sḵwx̱wú7mesh (Squamish), səl̓ilwətaɁɬ (Tsleil-Waututh), and xwməθkwəy̓əm (Musqueam). We also acknowledge the other 195 First Nations in British Columbia, as these are the lands we each call home.
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