Standard Forms Resource Centre

New Video Explains the Fee for Service Retainer Agreement Form to Consumers

BCREA has created a new video to help REALTORS® explain the Fee for Service Retainer Agreement form to consumers. This form is used by consumers to hire a brokerage to provide specific services tailored to their needs.  [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/bABvXnWPc0k” frameborder=”0″ allowfullscreen style=”position:absolute;top:0;left:0;width:100%;height:100%;” ][/iframe] This video explains when to use the Fee for Service

Latest Tutorial Videos for REALTORS® Explore Five Standard Forms

In BCREA’s latest release of tutorial videos for BC REALTORS®, we explore five key standard forms: the Co-Listing – Joint Representation form, the Contract of Purchase and Sale Addendum / Amendment form, the Disclosure of Referral Payment form, the Fee for Service Retainer Agreement form, and the Tenant Occupied Property – Buyers Notice to Seller

Introducing InFormBot, BCREA’s Latest Standard Forms Digital Tool

BCREA is excited to announce the launch of InformBot for Standard Forms, a new digital tool that helps REALTORS® navigate the most commonly used forms with confidence.   InFormBot is a chatbot-like program that provides Realtors with an overview of standard forms to use during every transaction stage. Whether working with a seller or a buyer, InFormBot can guide you to the appropriate forms.   Standard forms highlighted in InFormBot include forms from the

BCREA’s 2021 Standard Forms Release Coming This Fall

This fall, BCREA will release 11 new standard forms, multiple clauses and revisions to a significant number of forms. The new forms will include First Nations Reserve Lands Leasehold Properties, Cancellation of Buyer Agency Exclusive Contracts, Property Disclosure Statement – Strata Properties – Bare Land Strata and more. New clauses will cover issues like transacting

New Tutorial Videos for REALTORS® Explore Fee Agreements

In BCREA’s latest release of tutorial videos for BC REALTORS®, we explore three important standard forms: the Fee Agreement Buyer Pays (Buyer and Seller Not Represented) form, the Fee Agreement Seller Pays (Buyer and Seller Not Represented) form, and the Fee Agreement Seller Pays (Buyer Represented Seller Not Represented) These tutorial videos are intended to

New Video Explains the Co-Listing Form – Joint Representation to Clients

BCREA has created a new video to help REALTORS® explain the Co-Listing Form – Joint Representation to their clients. This form is used to amend a Listing Contract when the sellers want the property to be listed jointly by more than one brokerage. [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/hwy9fOsu7G0″ frameborder=”0″ allowfullscreen style=”position:absolute;top:0;left:0;width:100%;height:100%;” ][/iframe] This video explains the

New Video Explains the Co-Listing Form – Separate Representation to Clients

BCREA has created a new video to help REALTORS® explain the Co-Listing Form – Separate Representation to their clients. This form allows multiple sellers with opposing interests to each have their own designated agent(s) to represent them in the sale of a property.  [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/hTsWP-9JRJQ” frameborder=”0″ allowfullscreen style=”position:absolute;top:0;left:0;width:100%;height:100%;” ][/iframe] This video reviews the difference between joint and separate representation, the circumstances under which a client may choose to enter into a co-listing agreement with separate representation, and the potential benefits of this type of arrangement. The

BCREA Explores Four Standard Forms in New Tutorial Videos for REALTORS®

In BCREA’s latest release of tutorial videos for BC REALTORS®, we explore four key standard forms: the Co-Listing Form – Separate Representation, the General Release and Authorization to Pay Deposit Funds form, the Notice of Condition Waiver / Declaration of Fulfillment form, and the Lockbox Acknowledgement, Consent, Release and Indemnity form. These tutorial videos are

BCREA Individual Identification Information Record to be Retired Ahead of June 1 FINTRAC Changes

BCREA’s Individual Identification Information Record will become obsolete as of June 1, 2021, when the Financial Transactions and Reports Analysis Centre of Canada’s (FINTRAC) latest regulatory amendments come into effect. These amendments will change reporting obligations for brokerages under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act). With that in mind,

New Video Explains Seller’s Disclosure of Material Latent Defects Form to Clients

BCREA has created a new video for REALTORS® to share with their clients to help explain the Seller’s Disclosure of Material Latent Defects form. This form allows a seller and their Realtor to disclose any known material latent defects prior to buyers making an offer. [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/hKLR_YXmGcI” frameborder=”0″ allowfullscreen style=”position:absolute;top:0;left:0;width:100%;height:100%;” ][/iframe] The video

BCREA Releases New Form to Address Risk of Subject-Free Offers

BCREA has created the Buyer’s Acknowledgement of Information – Recommended Conditions form to help REALTORS® document that they have advised buyers of the increased risks and possible consequences of not including some or all of the recommended conditions in an offer. The form also allows Realtors to document that clients have been advised to obtain

UPDATE: New Form Helps Brokerages Meet Anti-Money Laundering Requirements

UPDATE (March 24, 2021): Minor changes have been made to the Why Do REALTORS® Ask for Your Personal Information consumer video to provide greater clarity on the process for receipt of funds and to update the reference to the Individual Identification Information Record. All other aspects of this video remain unchanged. In September, BCREA released

What the Co-Listing Separate Representation Form Means for REALTORS®

By Ellen Baragon, Guest Contributor BCREA’s Co-Listing Separate Representation form was developed so that multiple sellers who have opposing interests are able to engage different brokerages – or different agents within the same brokerage – to represent their interests in the sale of a property. The Co-Listing Separate Representation amends certain sections of the Listing

New Tutorial Videos Focus on Common Standard Forms

BCREA has added to its suite of video tutorials for REALTORS® on key standard forms with the launch of three new video series: Contract of Purchase and Sale Listing Contracts Buyer’s Agency Exclusive Contract The Contract of Purchase and Sale series explains some of the most important aspects of this standard contract that is a central

New Videos Highlight Key Areas of Contract of Purchase and Sale

By Ellen Baragon, Guest Contributor Given that the Contract of Purchase and Sale (CPS) is a foundational document to any real estate transaction, REALTORS® need to know the fine details that can make or break a Contract of Purchase and Sale. To that end, BCREA has created a new tutorial video series that reviews key aspects

New Index Created for Quick Access to BCREA Standard Forms Resources

With a variety of new resources having been created over the last several months – including the Standard Forms Resource Centre, the Fall 2020 Standard Forms and accompanying training materials – we have created a way for Realtors to easily find exactly what you need to help your practice. The Standard Forms Resources Index enables

New and Revised Standard Forms Now Available on WEBForms®

The new and revised standard forms and clauses included in BCREA’s Fall 2020 Standard Forms Release are now available on WEBForms®. Seven new standard forms, three new clauses, and a significant number of revised forms have been released, as BCREA continues to help Realtors enhance their professionalism and adapt to trends and changing best practices.

Get Ready for BCREA’s Fall 2020 Standard Forms Release

On September 16, BCREA will release seven new standard forms, three new clauses and a number of revised forms on WEBForms®. The new forms will be accompanied by guides that will also be posted on WEBForms®, while additional resources on the revised forms will be made available on the Standard Forms Resource Centre. What forms

Standard Forms Resource Centre Now Available: Here’s What You Need to Know

BCREA Standard Forms Resource Centre

BCREA’s new Standard Forms Resource Centre is now available for REALTORS® and managing brokers! The comprehensive platform is the new go-to for standard forms training materials and resources and was created to help REALTORS® and managing brokers make the most of BCREA standard forms and raise the bar professionally. To access the Standard Forms Resource