Clause for concern?

Understanding who pays the SVT in a transaction REALTORS® don’t have to worry about including a clause in a contract of purchase and sale that specifies that a buyer won’t be held liable for the Speculation and Vacancy Tax (SVT). Here’s why: When a buyer purchases a residential property, they will either pay the Property

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Organized real estate wants you!

Join BCREA’s board of directors Are you interested in what’s going on with the real estate profession? Do you follow the latest developments in real estate and talk to others about the future of real estate practice in BC? If so, the British Columbia Real Estate Association is looking for you! We are looking for

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Money Laundering: Fact or Fiction?

<span data-sfref="[images|OpenAccessDataProvider]e5da55c4-e066-6a4c-a700-ff00008c8d26" class="sfImageWrapper"><span data-sfref="[images|OpenAccessDataProvider]e5da55c4-e066-6a4c-a700-ff00008c8d26" class="sfImageWrapper"><img src="http://www.bcrea.bc.ca/sf-images/education/factorfiction.png?sfvrsn=8&amp;MaxWidth=400&amp;MaxHeight=&amp;ScaleUp=false&amp;Quality=High&amp;Method=ResizeFitToAreaArguments&amp;Signature=CC36A21861073687516E3C084ED1916C" displaymode="Custom" alt="FactOrFiction" title="FactOrFiction" method="ResizeFitToAreaArguments" customsizemethodproperties="{‘MaxWidth’:’400′,’MaxHeight’:”,’ScaleUp’:false,’Quality’:’High’}" style="float: right; margin-bottom: 15px; margin-left: 20px;" />There are a lot of myths out there about REALTORS&reg;, real estate transactions and money laundering. Unfortunately, the public has nowhere to go get unbiased information about REALTORS&reg;&rsquo; roles in identifying criminal activity.</span>There are a lot of myths

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Have Your Say: Electoral Reform

FPTP? Pro-rep? These strange terms are related to the 2018 Referendum on Electoral Reform, which is underway until November 30.  This is the third referendum since 2005 to ask whether British Columbians want to change the way we elect Members of the Legislative Assembly. Unlike the previous referendums, this one will pass with a simple

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Changes to Property Transfer Tax Return

Changes to the Property Transfer Tax (PTT) return are now in effect. These changes are expected to provide the BC Government with better tools to ensure property buyers are not evading taxes they owe and increase evidence of true real estate ownership. When making a real estate purchase through corporations or trusts, buyers and transferees

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Responding to Rule Changes

Vancouver, BC – January 18, 2018. As you know, the Real Estate Council of British Columbia is preparing to implement the rule changes to eliminate limited dual agency and require additional disclosures. Those changes take effect on March 15, 2018, and the decision to change the rules came from the Office of the Superintendent of

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