Broker Update, July 26, 2024

New MLS® sales statuses are here - what you need to know

Earlier this week, we added three new sales statuses to Paragon that'll provide more transparency to property buyers, sellers, and your colleagues as to where a listing is in its transaction lifecycle.

Learn more about them here.

We encourage all members and offices to use these new statuses. If you have questions, email mls@gvrealtors.ca.

GVR video news feature: Seven key Rules of Cooperation changes coming August 1

The Rules of Cooperation are changing starting August 1 – make sure you’re prepared by checking out the first episode of our new GVR real estate news video series.

Watch below:

These short videos will cover the latest real estate news in an easy-to-understand format.

While our inaugural episode covers the seven key changes in the upcoming Rules of Cooperation amendments, we plan on using this format to cover any timely news stories affecting our profession.

You can watch future GVR real estate news update videos by following us on our social media platforms, including Instagram, YouTube, Facebook, and LinkedIn.

Learn more about the Rules of Cooperation changes

• Announcement article
• Side-by-side comparison of the previous and new standards
• Full wording of the changes
• FAQ

The Critical Path podcast – Regulating real estate with BCFSA CEO Blair Morrison

Our profession is changing. In the past few years, we’ve seen regulatory changes at an unprecedented pace.

But why are these regulations cropping up? And what’s the outcome our regulator, the BC Financial Services Authority (BCFSA), is looking for?

In our latest episode of the Critical Path, we discuss the philosophy behind BCFSA’s regulation of the real estate profession, and how we can work together to build confidence in our profession.

Listen below.

The Critical Path is released monthly, covering the future of our profession.

Make sure to subscribe to GVR Podcasts to get the latest episodes of the Critical Path. You can find GVR Podcasts on every major podcast platform, including:

• Apple Podcasts
• Spotify
• RSS

Missed last the episode? Check out our conversation on harnessing the power of housing market statistics with GVR’s Director, Economics and Data Analytics, Andrew Lis.

Complaint form available on WEBForms

We’ve updated our professional standards procedures to automate making a complaint about another REALTOR®.

The new fillable Complaint Form is now available on WEBForms. You'll play a key role in this new process.

To access the form, go to the Greater Vancouver REALTORS® section of the site, scroll down and click on "Complaint Form".

In the dropdown box, select “Create new standalone form”.

You can fill it out or save it as an editable form.

Completed forms and all relevant documents will be sent to managing brokers, who'll then submit it to GVR along with their own signed statement.

For more information, please see Have a complaint about another member?

Tee off August 23 at UBC’s University Golf Club for the 2024 REALTORS® Golf Classic

Get your twosome or foursome booked for Friday, August 23 as the GVR REALTORS® Golf Classic returns for another year of fun in the sun, networking with your colleagues, delicious treats, and a four course meal!

This year’s stop on the GVR tour is at the stunning University Golf Club at UBC in Vancouver.

Book your group now! Twosomes are $580 plus tax, foursomes are $1,160 plus tax.

Get all the details about this year's exceptional course, the PGA pro on-site, and all the delicious treats and full four-course dinner you'll get when you book!

And remember – bring in a paid sponsor and you’ll golf for free! Email Daneesha Fullerton dfullerton@gvrealtors.ca for more details.

See you on the course!

Review the latest disciplinary decisions in your office

Stay on top of the work GVR 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 (C24-11 Consent to Discipline).

The BC Financial Services Authority (BCFSA) regularly posts their disciplinary decisions on their website. Review their latest decision here (Consent Order – Wendy Mills).

The Lede: Andrew Lis on recent rate cuts

With the first few cuts under the Bank’s belt, Andrew flips things around in his latest video and looks at what happens when interest rates decline.

Watch the video here.

MLS® notes: Associated documents and copyrighted photos

The associated documents tab is where you'll post critical documents, including some required by the Rules of Cooperation.

Learn more about associated documents, and the importance of never using copyrighted images in your listing photos, in our latest MLS® notes article.