Today we explore what happens with listing agreements, contracts, commissions, trade transferability, and confidentiality when a licensee departs from a brokerage.
Posts tagged with “Real Estate Services Act”
BC’s new Home Buyer Rescission Period (HBRP) for residential real estate property takes effect on January 3, 2023 and while it is not a new concept, REALTORS® need to be aware of the effects of the new regulation
Licensees must ensure they read the terms of real estate contracts carefully and explain them to their clients. This is especially true when it comes to assignment clauses contained within contracts.
A review of the most recent discipline decisions of the BC Financial Services Authority suggests that we will start to see the impact of these increased penalty limits.
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.
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.
Beginning in the late eighteenth century, courts refused to enforce illegal contracts as a matter of public policy…
After penning his final issue of his illustrious 26-year tenure as author of Legally Speaking last month, Gerry Neely has passed the torch…
A Supreme Court of British Columbia judge decided an individual who was not licensed as an agent or salesperson under the Real Estate Act was entitled to payment of $50,000 for introducing a buyer to property sellers…
Column 328 referred to the landlord/tenant relationship resulting from the development of reserve lands…
Anyone involved for the first time in the sale of an interest in reserve land will find little that resembles the more usual sale of fee simple land with which we are familiar…
Murphy’s law – if something can go wrong it will, and then get worse – doesn’t always lead to litigation, but when it does, it often highlights a useful practice point…
The stakeholder provisions of Section 48. of the Real Estate Act are so well known to agents that the disposition of the deposit where there is a dispute between the parties is routinely dealt with…
Unless a recent decision is reversed on appeal or the Real Estate Act is changed, the 100% house may disappear…