Real estate deals occur around the clock throughout the year. Yet, when transactions take place in the winter, both buyers and sellers, along with their REALTORS®, need to think about a few extra things.
Posts tagged with “Property Disclosure Statement”
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BCREA has created a new video for REALTORS® to share with their clients to help explain the Seller’s Disclosure of Material Latent Defects form.
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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…
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A recent Civil Resolution Tribunal decision highlights some important practice points for licensees in transactions involving strata…
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In 2007, a man was murdered outside the gates of his Shaughnessy home. The murder, described by the police as a targeted killing…
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If someone dies at a property, is the death a material latent defect that must be disclosed in writing to all other parties before entering…
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In the summer of 2012, a seller was advised by his neighbour that environmental consultants were inspecting…
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The BC Court of Appeal recently decided Nixon v. MacIver, the court’s newest Property Disclosure Statement…
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In Dolinsky v. Wingfield, oil from a leaky underground tank contaminated the property next door…
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In a recent case, the plaintiff offered to purchase a property “subject to inspection…
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A recent Provincial Court decision was an excellent example of how BC higher court judgments are applied to the factual problems that arise between buyers and sellers…
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There have been a number of recent articles on a seller’s obligation to make full and complete disclosure of all issues respecting property offered for sale…
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The recent BC Supreme Court decision of Meslin v. Lee1 considers what constitutes an “engineer’s report” for the purpose of disclosure on the Property Disclosure Statement (PDS)…
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The real estate industry is in a furor over the recent decision of the Ontario Court of Appeal in Krawchuk v. Scherbak1; both the sellers and the real estate agent were found liable to the buyer despite disclosing…
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For properties built before 1957, the presence of an underground oil storage tank (UST) poses significant environmental and financial risk to buyers and sellers…
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An anticipated result of the current economic situation has been in increase in litigation concerning condominium unit pre-sales…
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It’s trite law that a seller and a listing REALTOR® have a duty to disclose known material latent defects, but not patent defects…
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Property Disclosure Statements (PDS) have been adopted by real estate boards and associations across Canada, with most being similar to the various PDS provided by BCREA…
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In the early 1990s, the profession introduced the Property Disclosure Statement, or PDS (formerly, the Property Condition Disclosure Statement)…
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To familiarize ourselves with the name changes for the classification of licensees in the new Real Estate Services Act, Legally Speaking columns from now on will describe salespersons as representatives, nominees as…
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Paragraph 18 of the Contract of Purchase and Sale excludes liability for misrepresentations made outside it and the Property Disclosure Statement…
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I understand it is the standard practice of a licensee to explain the significance of the Contract of Purchase and Sale terms to the parties to it, before it is signed…
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It should be obvious that licensees cannot purchase property they know their clients want…
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Your dream is to buy a vacation home at a resort such as Whistler…
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Between those whose Y2K predictions are of nuclear bombs accidentally detonating, others who say Y2K is nothing but hype by the media and the Y2K specialist consultants…
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Section 28 of the Real Estate Act was amended in 1981 to widen the requirements for disclosure to be made by a licensee prior to the purchase of real estate by the licensee or his associates…