Prospectus – Receipts #49

BC Real Estate Association logo with the words "legally speaking" printed below

By Gerry NeelyB.A. LL.B. The recently distributed Bulletin referred to the intention of the Superintendent to provide additional exemptions from the provisions of the Real Estate Act relating to prospectuses. Since there is no present intention to eliminate the prospectus requirements in their entirety, a B.C. Supreme Court Decision highlights the necessity of complying with Section 50(7)

Payment of Commission #48

BC Real Estate Association logo with the words "legally speaking" printed below

By Gerry NeelyB.A. LL.B. A recent judgement is of the good news/bad news type of bad joke – the good news, Mr. Agent, is that you have earned a commission, the bad news is that you can’t enforce payment of it. These circumstances arose in a case in which a vendor agreed to sell the