Broker Update, August 18, 2023
Last chance! Don’t miss the ultimate golf and dining experience August 24
REBGV’s REALTORS® Golf Classic goes down just one week from today on Thursday, August 24 at the Mayfair Lakes Golf and Country Club in Richmond. This epic day includes 18 holes of golf, treats on the course, and a full four-course dinner with prizes and awards!
Whether you’ve got a foursome, a twosome, or you’re golfing solo, we’ve got a spot for you – we’ve even got a special deal for brokers! But you’ve got to register before the deadline on Monday, August 21.
If you’ve been on the fence, now’s the time to act!
Check out all the details including the day’s schedule, ticketing options, and all the mouth-watering details about the four-course dinner featuring carved AAA New York striploin, chimichurri chicken breasts, and sockeye salmon with saffron baby shrimp at the Mayfair Lakes Clubhouse after golf.
Don’t miss out - register for the REALTORS® Golf Classic before it’s too late!
$34,000 raised for REALTORS Care® Shelter Drive charities
The REALTORS Care® Shelter Drive raised $34,000 for three housing charities in Metro Vancouver during 2022-23.
The Shelter Drive is an initiative developed by REBGV REALTORS® to raise funds for housing-related charities within Metro Vancouver each year.
This year, for the first time, the Shelter Drive has taken 20 per cent of the fundraising total to deposit in our Vancouver Foundation fund. This fund was created in 1983 by REBGV and the interest earned has helped fund shelter-related charities over the years. By adding to the fund’s capital, more interest income is available for our Shelter Drive charities.
REBGV Realtors distributed $27,000 evenly among our three 2022-23 charities and invested $7,000 in the Vancouver Foundation charitable fund. Investment income from this fund is earmarked for future charitable donations.
Learn more about the charities we supported this year.
Register today and prepare to experience our new three-day PacificWest Conference
Our team, together with the Fraser Valley Real Estate Board, is busy planning the final details of our new PacificWest Conference that will happen at the Vancouver Convention Centre on October 3,4 and 5.
This conference has a full agenda that will expose you to:
- world-class keynote speakers,
- diverse educational workshops,
- an expansive tradeshow filled with the latest real estate tools and services, and
- an array of fun networking events capped off by a can’t-miss reception that will include a DJ, games, food, performers and more!
We need your support to make this inaugural event a success. Click here to register for the PacificWest Conference today!
Don’t let time get away from you, take a moment to secure your place at this new conference.
Review the latest disciplinary decision in your office
Stay on top of the work your Board does to uphold and enforce professional standards within the profession and resolve disputes between members.
Our Professional Conduct Committee (PCC) investigates alleged member breaches of the Realtor Code and our Rules of Cooperation. Review the PCC’s latest ruling (C23-09 Consent to Discipline).
Clearing a path to home ownership – BC legislative committee listens to and quotes REBGV
The BC legislative committee quoted REBGV's affordability recommendations in a recent budget report. Three key recommendations we made were to review the Property Transfer Tax (PTT), create exemptions for flipping tax, and increase rental supply.
The committee acknowledged our input on PTT thresholds, first-time homebuyers' exemption, PTT revenue use, and exemptions for moving and new home construction.
Read more about our advocacy efforts on our news blog.
Milestone years and Medallion Club teams
Earlier this year, we announced changes to our Medallion Club policies to align with the BC Financial Services Authority’s (BCFSA’s) new definitions and structures for real estate teams.
Under these new rules, all real estate teams must register with BCFSA. You’re considered a team if you engage in a business practice as a group of two or more licensees from the same brokerage in a way that would imply an agency relationship with clients.
The new Medallion teams rules mean that team members can no longer qualify in the individual category, nor accrue Medallion “years”.
We will, however, make a one-time exception in the 2023 qualifying year to recognize team members who achieve a Medallion milestone designation under the previous rules. A milestone designation is defined as any 5-year designation, i.e., 5-year qualification, 10-year, 15-year etc.