Looking Forward to Housing Affordability

A home is an important part of the enviable quality of life many British Columbians seek. REALTORS® hear this every day from their clients all around the province. BCREA’s pleased that the new provincial government has identified housing affordability as an important concern, and the Association offers recommendations to ensure British Columbians have access to

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Draft Changes to Real Estate Practice

On September 6, the Office of the Superintendent of Real Estate announced draft changes to the Rules under the Real Estate Services Act. Stakeholders and the public have 30 days to respond, and the final rule changes will be released after the October 6 consultation deadline. The most significant proposed change is a ban on

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Strata Manager Accountability

Some conflicts between REALTORS® and strata managers are due to not knowing the other’s roles and responsibilities. To try to get that straight, BCREA worked with strata manager and owner organizations on a brief description: Strata Transactions: Roles of REALTORS® and Strata Managers. If your problem goes beyond a misunderstanding, and you want to make a

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Do PRECs Need to Register with WorkSafeBC?

Do Personal Real Estate Corporations need to register with WorkSafeBC? This question has come up a couple of times recently, so here’s the answer: it depends. The first thing WorkSafeBC looks at is the status of the licensee who is the sole voting shareholder of the personal real estate corporation (PREC). This analysis determines whether

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