Broker Update, August 23, 2024
New timely communication standard – what you need to know
Your professional association included a new timely communication standard in the amendments to the Rules of Cooperation that took effect on August 1, 2024.
The new rule, under the Professional Conduct section 6.08, states, “A Member shall communicate with other Members in a timely and effective manner”.
The intent is to establish a clear standard that members with active listings must respond to queries and communicate about their listing in a timely manner.
Learn more about what this means, and how you can report members who aren't following the new standard.
Help us test a new FINTRAC tool
We're partnering with FTC, a financial software company, to deliver a new FINTRAC compliance tool that uses ID verification through the Interact Network. We're looking for six to eight brokerages to help us pilot it.
Here are some key details:
- If you're selected to participate, you'll meet with FTC at the upcoming PacificWest conference to discuss how it'll work. If you are unable to attend the conference, other arrangements can be made for your brokerage to participate.
- The pilot program will have participating brokerages using and providing feedback on the tool through the end of 2024. We're looking to fully launch the tool in 2025.
This partnership is part of GVR's commitment to improve the broker toolkit and help make FINTRAC monitoring and compliance easier.
Interested brokers should contact James Lindow at jlindow@gvrealtors.ca for more details.
The Critical Path podcast – Surviving the AI revolution with REALTOR® Michael Thorne
Artificial intelligence (AI) is no longer science fiction – it’s here and already overturning the status quo across multiple sectors including ours.
How will you survive the AI revolution in real estate?
In our latest episode of the Critical Path, we talk to Realtor, and one of Inman News' 100 Top Real Estate Innovators, Michael Thorne to discuss this very question.
Listen below.
Powered by RedCircle
Get more AI insights from Michael Thorne at PacificWest!
If you want to learn more about AI from Michael Thorne, you can catch him at this year’s PacificWest conference at the Vancouver Convention Centre from Oct 1 – 2.
Michael is just one of many experts sharing their best practices, insights, and more at this year’s conference.
For more information, and to register, check out pacificwest.ca.
New episodes each month
The Critical Path is released monthly.
Make sure to subscribe to GVR Podcasts to get the latest episodes of the Critical Path.
Missed last the episode? Check out our conversation about the future of regulation in real estate with former BCFSA CEO Blair Morrison.
Stay vigilant - multiple lockbox thefts reported across Lower Mainland
We've received reports of multiple lockbox thefts, including at least one in GVR’s area.
One of the thefts occurred outside of a Langley brokerage. We're encouraging any members who have lockboxes affixed outside any brokerages ensure that their lockboxes are still there.
So far, we haven’t received any reports that the thieves have gained access to any properties associated with the stolen lockboxes.
If your lockbox is stolen, we strongly recommend you contact your local police force’s non-emergency line to file a report.
REALTOR® safety training is free through 2024
In alignment with the Canadian Real Estate Association’s (CREA’s) REALTOR® Safety Month, and with the tragic news of an Ontario Realtor’s death, we’ve partnered with ProDio to offer our one-hour Realtor safety audiobook course free of charge through the end of 2024.
Access the course page to see what the course covers.
On behalf of myself and everyone at GVR, we offer our thoughts and condolences to the family and colleagues of Yuk-Ying Anita Mui.
GVR welcomes two new appointed Directors
Greater Vancouver REALTORS®’ (GVR) Board of Directors (BoD) welcomes two new appointed Directors: Janice Stasiuk and Kirsten Sutton.
Appointed Directors are from outside of GVR’s membership and are appointed by the BoD to diversify leadership expertise as part of governance best practices.