Broker Update, October 18, 2024
BCREA updating Standard Forms on Nov 12: What you need to know
The BC Real Estate Association (BCREA) is updating many of their Standard Forms on November 12 to better reflect current practices and requirements.
One critical change you and the members in your office should note is the update to the Contract of Purchase and Sale - Residential that will now include GST in the purchase price, if it's applicable.
Updated forms include:
- Buyer Acknowledgement of Advice, Rights, and Benefits
- Contract of Purchase and Sale for Business Assets Including Real Property
- Contract of Purchase and Sale of a Leasehold Interest in First Nations Reserve Lands (Third Party Approval Not Required)
- Contract of Purchase and Sale of a Leasehold Interest in First Nations Reserve Lands (Third Party Approval Required)
- Contract of Purchase and Sale of a Manufactured Home on a Rental Site
- Contract of Purchase and Sale – Residential
- Offer to Lease (Commercial)
- Offer to Lease Addendum / Amendment
- Privacy Notice and Consent Form
These new forms will be available on WEBForms on November 12.
Get full details on what's changing here.
The Critical Path podcast – Shaping the future of REALTOR.ca with CREA CEO Janice Myers
REALTOR.ca is one of the most important tools we as REALTORS® have to market our MLS® listings. But the site is at a crossroads. To keep up with the times, REALTOR.ca needs more funding.
One approach has been presented by CREA – to make REALTOR.ca a wholly-owned for-profit entity.
This week on the Critical Path, we sit down with Janice Myers, CREA’s CEO, to discuss why they believe this is the correct move.
Listen below:
Powered by RedCircle
Catch up on previous episodes of the Critical Path here.
GVR is now proactively auditing listings to ensure accurate MLS® data
As part of our ongoing commitment to elevating professionalism and maintaining the integrity of our MLS® system, Greater Vancouver REALTORS’® (GVR) MLS® team is now proactively auditing MLS® listings.
Our aim is to reduce member frustration and increase MLS® data accuracy.
Get the full details on what you need to know, what to do if you receive an audit email, and the things you can do to help us keep the data on the MLS® as complete as possible.
Looking for more tips to make your listing shine? Check out our latest MLS® listing hacks article.
Auto Data Transfer from WEBForms pilot now available
We’ve launched a pilot of a new Auto Data Transfer (ADT) service that'll allow the information in the Data Input Form (DIF) in WEBForms to automatically transfer to the MLS® to create a listing.
The goal is to reduce the amount of duplicate work in the listing creation process.
Individual REALTORS® cannot access this service unless your office has Broker Load permissions and they have Agent Load permissions.
If you don’t have these permissions and want to use ADT, please complete the Agent and Broker Load contracts available on WEBForms and submit them to amendments@gvrealtors.ca.
Want to make an impact? Submit your Director nominations by November 15
We’re now accepting nominations for our 2025 Board of Directors election. Email becomeadirector@gvrealtors.ca to start the nomination process. Nominations are due by 5 pm, Friday, November 15.
Great directors focus on several key areas, including strategic direction, performance monitoring, financial performance, risk management, and succession planning. If you believe you have the right skills and experience, we encourage you to apply.
We are looking for candidates with the following qualifications.
- Experience working in committees
- Critical thinking and problem-solving skills
- Diversity in gender, thought, culture, and background
- Mature governance experience
- Previous experience with boards or associations
Get a better understanding of what it takes to make a great director.
Attend a governance workshop at GVR
We also recommend attending a governance info session on November 6 at 9:30 am, held in person at GVR's office.
This workshop will provide an overview of the responsibilities of a GVR Director and help potential candidates better understand the governance structure. To register, please email, email jstajic@gvrealtors.ca.
Vote this Saturday: Provincial election guide for Greater Vancouver REALTORS®
With the BC provincial elections fast approaching, we want to ensure members are informed and prepared to vote this Saturday.
As real estate professionals, we play a key role in our communities, and participating in the election is a crucial way to shape the policies that impact our profession, housing market, and local economy.
Review the latest BCFSA decisions in your office
The BC Financial Services Authority (BCFSA) regularly posts their disciplinary decisions online. Review the latest decisions:
Yoo Kyung (Ashley) Kim - Consent Order
Jin Luo & Jin Luo Personal Real Estate Corp. - Consent Order