The BCFSA expects that the new regulatory model, which will be organized functionally with departments overseeing the entire financial sector, will come into effect this summer.
Posts tagged with “Real Estate Council of BC (RECBC)”
Advocacy BC Financial Services Authority Publishes Update About Move to Single Regulator 
Legally Speaking Working with Unrepresented Parties #536 
Realtors should be familiar with the Real Estate Rules for dealing with unrepresented parties so that they understand how to disclose to consumers whether or not they will be representing them.
Legally Speaking Learning from an RECBC Discipline Decision #535 
Starting in 2016, the real estate profession has seen numerous regulatory changes, including increased fines, new regulations, greater involvement from the Real Estate Council of BC.
News Releases BCREA CEO and Chief Economist Participate in Cullen Commission of Inquiry into Money Laundering
BCREA CEO Darlene Hyde and Chief Economist Brendon Ogmundson appeared before the Cullen Commission of Inquiry into Money Laundering on February 17.
Legally Speaking Four or More? Practice Tips for Transactions Involving Cannabis Properties #534 
While households can legally have up to four cannabis plants each, with exceptions made for those who have a license to grow medical cannabis, questions remain about the duties of real estate agents in transactions…
Open House The Podcast PODCAST: Episode 12 – Professional Standards in a Busy Market with RECBC
Featuring a conversation with RECBC Professional Standards Advisor Marty Douglas and real estate lawyer Bruce Woolley.
Legally Speaking Knowing the Rules May Not Be Enough #529
A recent discipline decision from the Real Estate Council of BC (Council) illustrates how important it is for licensees to be aware of and follow Council guidelines and their interpretations…
Legally Speaking Don’t Forget About Council #511
In the many years that I have taught the Legal Update course, most REALTORS® have shown understandable interest in court decisions…
Legally Speaking Duelling Regulators #508
Recent amendments to the Real Estate Services Act granting the Superintendent of Real Estate greater oversight over the…
Legally Speaking The Disciplinary Power of Real Estate Boards and Associations #505
A REALTOR®’s conduct is subject to review by a variety of bodies…
Legally Speaking Offer vs. Option vs. Contract of Purchase and Sale #499 
Some conditions precedent are so imprecise or subjective that they prevent the formation of a contract…
Legally Speaking Real Estate Council Lack of Jurisdiction #258
Section 20 of the Real Estate Act gives the Real Estate Council the power to conduct an inquiry into a complaint, under regulation 9.12, that a licensee has been negligent or incompetent…
Legally Speaking Purchaser's Home Subject to Sale Before a Certain Date #198
A common condition in an offer is that it is subject to the sale of the purchaser’s home on or before a certain date…
Legally Speaking Foreclosure – Defence of Vendor/Mortgagor Against Deficiency Claim #72
The Real Estate Council has recently advised licensees of the desirability of advising a vendor of the vendor’s continuing liability to a mortgage lender under a mortgage granted by the vendor on property that is then so
Legally Speaking CPI Rental Increase Formula; Woodstoves; Vendor’s Continuing Liability to Mortgagees Following Sale #44
Column 41 discussed a matter raised by the Vancouver Island Real Estate Board concerning the potential uninsurability of a home whose owner failed to disclose to his insurer that a woodstove was a source of heat…
Legally Speaking State of Title Certificate Would Have Avoided Award of Excessive Damages #28
One conclusion to be drawn from a recent decision of the Chief Justice of the Supreme Court of British Columbia is that a search of title or the purchase of a $3.00 State of Title Certificate would have avoided an…
