Many strata owners do not know they may be personally liable to reimburse their strata corporation for its insurance deductible, the portion of the loss the insured must pay in an insurance claim, which can be many thousands of dollars. The British Columbia Law Institute’s formidable committee of strata experts (the “Committee”) recently recommended changes …
For the complete news release, including detailed statistics, click here. Vancouver, BC – June 14, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 8,221 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May, a decline of 7 per cent from the same month last year. The …
How high do you score? One of the best parts of being a REALTOR® are the relationships you build with clients. Still, getting to know new clients isn’t without risk and veteran REALTORS® all have their stories of awkward or even dangerous situations they’ve experienced over the years. There are lots of resources available online …
A retirement savings option for REALTORS® REALTORS® in BC are generally classified as self-employed. Self-employed individuals who don’t have access to a workplace pension plan need to consider other retirement savings options. A Pooled Registered Pension Plan (PRPP), which pools your assets with those of others to reduce administration costs, is one option that you …
CREA ready for early rollout in BC Good news from the Canadian Real Estate Association (CREA)—the new WEBForms® platform will be available in BC as early as mid-July. CREA will reach out to BC REALTORS® who are using WEBForms® about a week before the launch date with some training materials and to announce the exact …