Newsletter & News

• 2012/06/13 June 2012 Report from Council

  A Warning About Fraudulent Practices | Council Election Results | Designated Agency Update | Council Strategic Plan Update | Strata Management Activities and the Legal Profession Act | Clarification of Driving Prohibition Disclosure Requirements | Exemptions for Strata Management Services | Disciplinary Decisions

• 2012/05/10 RECBC News Designated Agency Update
• 2012/04/10 April 2012 Report from Council

  Sale of New or Used Manufactured Homes | Once a Licensee Always a Licensee | Errors & Omissions Insurance Excludes Coverage in Some Circumstances | Disclosure of Internal Remuneration Sharing Agreements | Council Rule Amendments | Measurement of Commercial Properties | Benefits in Relation to Rental Property Management and Strata Management Services | Videos Provide Guidance About Multi-Unit Building Maintenance | Brokerage Name and Address Changes | Disciplinary Decisions

• 2012/02/10 February 2012 Report from Council

  Advertising Compliance Reminder | Reminder About Payment of Remuneration to Licensees | Interest Earned on Brokerage Pooled Trust Accounts | New Strata Property Regulations Introduced | Allowing Time to Obtain Strata Documents | Permitted Investments Under the Strata Property Regulation | Surplus Special Levy Funds | Condition Inspection Reports | Council Member Nomination Information | How to Avoid Complaints and a Council Investigation | Disciplinary Decisions

2011 Report from Council newsletters

• 2011/12/03 December 2011 Report from Council

  Due Dilligence Required When Dealing With the Elderly | Receive the Council Newsletter by Email | Council Reduces Licensing Assessment Fee | False or Misleading Statements on a Licence Renewal Application | Disclosure of Interest in Trade – Reminder to Licensees When Disclosure is Required | Further Accepted Offers After a First Offer Has Been Accepted | New Homes Registry – A Valuable Online Tool for Licensees | Non-Resident Witholding Tax | Notice of Licensee Resignation | Disciplinary Decisions

• 2011/10/12 October 2011 Report from Council

  The Future of REP | Homeowner Protection Office Issues New Maintenance Bulletins | Increases In Strata Management Fees – When Do They Take Effect? | Assignment of Strata Management Service Agreements | Annual Council Statistics | Notice of Licensee Resignation | Disciplinary Decisions

• 2011/08/20 August 2011 Report from Council

  New Chair, Vice-Chair Elected | Licensees Must Give Notice of Discipline, Bankruptcy, Criminal Proceedings | Listing Agreements Must be Amended if Commission is to be Increased or Reduced | E-signatures, Electronic Agreements & Electronic Tablets | Strata Lot Rental Disclosure Statement Changes | Advertising of Personal Real Estate Corporations | Rental Property Management Licensing Scenarios | False or Misleading Statements on a Licence Application | Pre-Closing Commission Advances | Disciplinary Decisions

• 2011/06/10 June 2011 Report from Council

  Changes to Council Criminal Record Check Procedures | Council Election Results | Builders Lien Holdback Account | Council Rule and Bylaw Changes | Consumers Have the Right to Make their Own Choices | Guidelines for Team Names | Working with a Strata Management Company Brochure Available | Revised Disclosure of Benefits Form for Rental and Strata Managers | Real Estate Foundation of BC Update | Reminder About Property Inspections | Notice of Licensee Resignation | Disciplinary Decisions

• 2011/04/13 April 2011 Report from Council

  Sale of New or Used Manufactured Homes | Licensees Must Not Provide Real Estate Services Separate from Their Brokerage | BC Ombudsperson Supports the Council’s Strata Complaint Investigation Policy | The Consequences of Discipline for Professional Misconduct | Notice of Licensee Resignations | Disciplinary Decisions

• 2011/02/15 February 2011 Report from Council

  The Council Rules and the Consent Agreement between the Competition Bureau and CREA | Disclosures of Interest in Trade Related to the Assignment of Contracts of Purchase and Sale | Paying and Receiving Referral Fees – Role of the Managing Broker | Brokerage Financial Reporting Reminder | New Information Regarding New Construction | Revival of an Expired Contract | Personal Real Estate Corporation Reminder | Updated Condominium Manual Available for Sale | Council Nomination Information | Council Meets with Minister of Finance | Date of final Acceptance on the Contract of Purchase and Sale | How to Avoid Complaints and a Council Investigation

2010 Report from Council Newsletters

• 2010/12/02 December 2010 Report from Council

  Privacy Guidelines for Rental and Strata Managers | Further Information About Providing Access to Strata Documents | Changes to REP – What this Means to You | Disciplinary Decisions

• 2010/10/08 October 2010 Report from Council

  Advertising Compliance Reminder | New Staff | Emailing Licence Applications Requiring ID | New Single Payment for Licensing Fees | Brokerage Standards Manual Reminder | Brokerages Must Disclose Interest In Trade | 2010 Statistics | Disciplinary Decisions

• 2010/08/02 August 2010 Report from Council

  New Chair, Vice-Chair Elected | The Future of the Relicensing Education Program | The Importance of Licensees Responding Properly to Council Inquiries | Advertising Compliance – A Shared Responsibility | Payment of Commissions After Licensee Has Transferred to Another Brokerage | Providing Access to Strata Documents | Unlicensed Assistants and Rental Property Management | Disciplinary Decisions

• 2010/06/17 June 2010 Report from Council

  E-Signatures, Electronic Agreements and Electronic Tablets | Council Election Results | Change in Council Criminal Record Check Procedure | Unlicensed Assistants and Strata Management Services | Management of Rental Property Owned by a Strata Corporation | Strata Property Act Amendments | Notice of Licensee Resignations | Order in Urgent Circumstances | Disciplinary Decisions

• 2010/04/11 April 2010 Report from Council

  Harmonized Sales Tax and Real Estate | Reminder about Providing Real Estate Services | Deposits and the Standard Form Contract of Purchase & Sale | Adding New Terms on a Subject Removal Addendum | Recently Approved REP Elective Courses | Guidelines for Team Names | Changes to Trading Services Licensing Course Content | FINTRAC Fines Real Estate Brokerage | Disciplinary Decisions

• 2010/02/18 February 2010 Report from Council

  The Real Estate Services Act: Five Years Later | Personal Real Estate Corporation Reminder | Council Rule Amendments | Reminder About Property Inspections | REP Sheet: Completing Licence Renewal Forms | Education Re-Qualification Policy | Remedial Education Course Launched | Disciplinary Decisions

2009 Report from Council newsletters

• 2009/12/18 December 2009 Report from Council

  Web-based Social Networking and Real Estate Advertising | Receiving Deposit Money Paid in Respect of Rental Real Estate | Brokerage Standards Manual Reminder | The Changing Face of REP | Providing Real Estate Services Under the Real Estate Services Act | A Seller’s Financial Obligations and Clearing Title | Agency Issues Related to Commercial Trading Services | Strata Managers and the HRTC | Residential Tenancy Branch Dispute Resolution Hearings | Parking Stalls/Storage Lockers | Disciplinary Decisions

• 2009/10/05 October 2009 Report from Council

  Is there a difference between commercial leasing and residential rentals? | Disclosure of Remuneration | Further Information About Obtaining Strata Documents | Annual Statistics | Disciplinary Decisions

• 2009/08/11 August 2009 Report From Council

  New Chair, Vice-Chair Elected | Proper Identification of Licensees on Contracts | Relicensing Education Program Important Changes | Obtaining Strata Documents | Real Estate Foundation of BC Update | Council Rule Changes | Stigmatized Properties – Part 2 | Reminder About Licensing Forms | Disciplinary Decisions

• 2009/06/07 June 2009 Report from Council

  Year in Review | Council Election Results | Prompt Provision of Records to Brokerage | Licensing Forms Amended | False or Misleading Statements on a Renewal Application | Importance of Electrical and Gas Word Being Done Properly | Short-Term Accommodation Rentals and Licensing | Advertising of Personal Real Estate Corporations | Administrative Penalties Policy Statement Updated | Brokerages Operating from the Same Location | Most Common Complaint Received by the Council | Disciplinary Decisions

• 2009/04/21 April 2009 Report from Council

  Stigmatized Properties | Guidelines for Team Names | Real Estate Services Regulation Changes | AIT and TILMA Agreements Take Effect April 1, 2009 | REP Sheet | Fees to Increase July 1, 2009 | Parking Stalls and Storage Lockers | Home Inspectors Must be Licensed in BC | Disciplinary Decisions

• 2009/02/15 February 2009 Report from Council

  Advertising Must Contain the Name of the Related Brokerage | Reminder About Accurate Information on Licensing Forms | Agency Update | Agency Obligations When Co-Listing | Disclosure of Material Latent Defects and Agency Obligations | Additional Brokerage Services | REP Sheet | Warning About False Applications | Licensees Must Give Notice of Discipline, Bankruptcy, Criminal Proceedings | All Licensees are Engaged by a Brokerage | Non-Resident Withholding Tax | CRF Loans Require Authorization | Fees for Obtaining Strata Corporation Documents | New Brokerage Standards Manual | Discipline Decisions

2008 Report from Council newsletters

• 2008/12/18 December 2008 Report from Council

  Sale of a Business – When is a Real Estate Licence Required? | Appeal Decision of the FST Confirms Obligations of a Managing Broker | REP Sheet—REP Requirements for Second Cycle—2009–2010 | Amendments to Council Rules and Bylaws

• 2008/11/08 November 2008 Special Report

  Licensing Requirements, Exemptions and Scenarios Related to Trading Services

• 2008/10/14 October 2008 Report from Council

  Personal Real Estate Corporation Update | Important Information About Witnessing Signatures | Save Your Money – Avoiding Costly Advertising Mistakes | Annual Statistics | REP Sheet

• 2008/09/09 September 2008 Special Report

  Amendments to Council Rules, Bylaws and Licensing and Assessment Fees Bylaw

• 2008/08/17 August 2008 Report fromCouncil

  New Chair, Vice-Chair Elected | Beware of Fraudulent Practices | Licensees Must Give Notice of Discipline, Bankruptcy, Criminal Proceedings | Disclosure of Remuneration | Issues Related to Deposits Received in Relation to Trades in Real Estate | REP Sheet | Guidelines for Paperless Offices | Team Suspension Policy | New Policy for Submissions as to Penalty and Enforcement Expenses at Hearings

• 2008/06/16 June 2008 Report from Council

  The Year in Review | Council Election Results | More Information About Conflicts of Interest | Purchasing Development Property Located Outside BC | Paying and Receiving Referral Fees – Part Two | Licensees Must Give Notice of Discipline, Bankruptcy, Criminal Proceedings | Holding Deposits Awaiting a Future Event | REP Sheet | Revised Discipline Publication Policy Statement

• 2008/04/25 April 2008 Special Report

  RESA and Rental Property Management | RESA and Strata Property Management

• 2008/04/03 April 2008 Report from Council

  The Role of the Real Estate Council | Disclosure of Material Latent Defects | REP Sheet | Licenses Must Promptly Provide Records to Their Related Brokerage | Money Laundering Legislation Will Bring Changes to the Real Estate Industry In 2008 | Proper Books and Records: Strata Management Services

• 2008/02/10 February 2008 Report from Council

  Council Marks its 50th Year of Operation | Personal Real Estate Corporations Introduced in BC | Important Changes to Trading Services Applied Practice Course | Buying Your Own Listing is a Conflict of Interest | REP Sheet | Interest on Deposits for the Purchase of Property | Licensees Must Give Notice of Discipline, Bankruptcy, Criminal Proceedings | Strata Document Review Services Required to be Licensed | Placement of Insurance with Insurers Not Authorized in BC | Special Levy Refunds and PST Grants | Recovery of Damages/Funds by Strata Corporations | Strata & Rental Property Management Licensees Must Disclose any Interest in Trade

2007 Report from Council newsletters

• 2007/12/11 December 2007 Report from Council

  Conflicts of Interest When Providing Trading Services | Licensees Who Fail to Reinstate or Renew Their Licence May Face Discipline | Date of Final Acceptance on the Contract of Purchase and Sale | All Advertising Must Contain the Name of Your Brokerage | Control and Conduct of a Brokerage’s Business | REP Sheet

• 2007/10/03 October 2007 Report from Council

  Continuing Duty of Confidentiality | Important Changes to the Homeowner Protection Act | A Reminder About Deposits | Additional Disclosure Under REDMA | Real Estate Foundation and Brokerage Trust Accounts

• 2007/08/09 August 2007 Report from Council

  All Licensees Are Engaged by a Brokerage | REP Reminder | Pre-Sale Marketing Reminder | Risks Associated With Purchasing “Pre-Sale” Residential Units | Disclosure Forms Reminder | Paying and Receiving Referral Fees | Disclosure of Material Latent Defects | The Filing of Liens | Form B Information Certificates

• 2007/08/02 August 2007 Special Report

  Amendments to Real Estate Services Act, Council Rules and Bylaws

• 2007/06/19 June 2007 Report from Council

  The Year in Review | Council Election Results | Sale of New or Used Manufactured Homes | REDMA Amendment | Third Party Payments from Commission Trust Accounts | Pesticide User Licence Now Required at Multi-Residences | Licensee Practice Manual Survey

• 2007/04/06 April 2007 Report from Council

  Conflicts of Interest When Providing Property Management Services | Brokerage Trust Account Reminder | Rental Property Management Licensing Exemptions | Scope of Authority for Expenditures on Behalf of Strata Corporations | Real Estate Obligations Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act | REP Sheet | Short Term Rental Licensing Requirement | Brokerage Fails to Disclose Relationship with Buyer – Held Liable for Over $1,000,000

• 2007/02/21 February 2007 Report from Council

  Save Your Money: Avoiding Common Advertising Mistakes Means Avoiding a Possible Administrative Penalty | Acting as a Buyer’s Agent | Competency in Practice Areas a Must | Strata Manager Grandparenting Period Has Ended

2006 Report from Council newsletters

• 2006/12/15 December 2006 Report from Council

  Disclosure of Material Latent Defects | Property Inspections | REP Rule Approved | Relationships Between Brokerages Operating from the Same Location | Duties of Disclosure Under Court Ordered Sales | Strata Management Service Agreements | Message from the Superintendent of Real Estate | Proper Licensing: A Shared Responsibility

• 2006/10/08 October 2006 Report from Council

  To Read or Not to Read: Strata Council Meeting Minutes | Exclusive Buyer Agency Agreements | Contract of Purchase and Sale CD-ROM Included with Report | Relicensing Education Program Update

• 2006/08/15 August 2006 Report from Council

  New Chair, Vice Chair Elected | Important Information About Selling Businesses | Relicensing Education Requirements | Updated Good Reputation Guidelines | Single Service Licensing for Managing Brokers | Trades in Real Estate Involving Water Licences | Reminder Notice for Strata Managers | Trust Accounts and the Builders Lien Act

• 2006/06/23 June 2006 Report from Council

  New Licensee Practice Manual | Council Election Results | Council Licensing Forms

• 2006/04/12 April 2006 Report from Council

  Disclosing the Source of Remuneration | Payment of Remuneration to Licensees | Payment of Commissions Related to Assignments | Amendments to the Real Estate Services Act | Providing Real Estate Services Under the Real Estate Services Act | Licensees Must Respond Promptly to Council Inquiries | Licence Renewal Requirements | Licensees Must Give Notice of Discipline, Bankruptcy or Criminal Proceedings

• 2006/03/15 March 2006 Special Report

  Disclosure, Disclosure, Disclosure

• 2006/02/13 February 2006 Report from Council

  Strata Manager Licensing Now in Effect | Finished Area Measurements Update | Advertising Must Contain Name of Related Brokerage | Advertising on the Internet | Survey and Title Insurance | Warning About Identity Theft

2005 Report from Council newsletters

• 2005/12/21 December 2005 Report from Council

  Written Disclosure Requirements Takes Effect in 2006 | Commission Trust Account Audit Requirement Eliminated | Rental Restrictions for Residential Strata Property | Council Rule Amendments

• 2005/10/21 October 2005 Report from Council

  Reminder About Strata Manager Licensing | Terminology in Advertising | Managing Brokers: A Key Link to Council Information | New Standard Area Measurements Adopted | Discipline Policy Statement: Publication of Disciplinary Orders

• 2005/08/09 August 2005 Report from Council

  New Chair, Vice Chair Elected | Council Postpones Action on CRG Agency Task Force Recommendations | Updated Trade Record Sheet | Criminal Record Checks | Late Renewals | Grow-ops and Mortgage Fraud | Dealing with Property Inspectors | Council Administrative Penalties Policy Now in Effect

• 2005/07/15 July 2005 Special Report

  Licensing Requirements for Strata Management Service Providers | Educational Requirements for Licensing as a Strata Manager | Council Amends Rules to Include Strata Requirements | Frequently Asked Questions for Strata Manager Licensing

• 2005/06/16 June 2005 Report from Council

  Council Election Results | Advertising Must Contain Name of Related Brokerage | A Warning About Conducting Unlicensed Lotteries | All Licensees are “Engaged by a Brokerage”

• 2005/05/23 May 2005 Special Report

  Important Changes to RESA Transition Provisions | Maintaining Proper Trading Records | Amendments to Council Rules | Revised Brokerage Trust Account Policy Statement | Council Seeks Views on Commission Trust Accounts

• 2005/04/14 April 2005 Report from Council

  Providing Real Estate Service under the Real Estate Services Act | Message from the Registrar of Mortgage Brokers | REDMA Policy Statements Posted | FICOM Website a Useful Tool for Licensees | Reminder About Council Rules | New Trade Record Sheet for Brokerages | Appointment of Rental/Strata Property Representative | Rental Property Management Reminder

• 2005/02/26 February 2005 Report from Council

  Acting as a Limited Dual Agent | New Clauses Regarding Illegal Use of Real Estate | An Agent’s Obligation to Disclose Remuneration | Canadian Regulators Group Agency Task Force Report

• 2005/02/02 February 2005 Special Report

  Real Estate Services Act Now in Effect

2004 Report from Council newsletters

• 2004/12/15 December 2004 Special Report

  Real Estate Services Act to Come into Force January 1, 2005

• 2004/12/03 December 2004 Report from Council

  Contract of Purchase and Sale has Limitations With Respect to the State of Title | Open Letter from the Superintendent of Real Estate | Important Amendments to the Property Transfer Tax Act | New Regulation Replaces Streamside Protection Regulation | Licensees Must Provide Copies of all Contract Documents

• 2004/10/16 October 2004 Report from Council

  Real Estate Services Act Coming Soon | New Special Compensation Fund to Replace Bonding | Further Information Relating to Multiple Offers | What to Know about Electronic Service Contracts | Owner-Builder Declaration Must be Passed Along to Purchasers

• 2004/08/21 August 2004 Report from Council

  Licensee Should be Cautious of Weekend/Holiday Closing Dates | Residential Tenancy Office Updates | Proper Identification of Licensees on Contracts | Licence Applicants Must Make Full Disclosure | Interacting With a Developer’s Sales Representatives

• 2004/06/18 June 2004 Report from Council

  Council Election Results | Real Estate Legislation Introduced in Legislature | Pre-sold Condominiums and the Property Transfer Tax | Mortgage Referral Reminder | Proper Certification Required on Manufactured Homes | Section 38 Notice and Disclosure | Financial Services Tribunal to Replace Commercial Appeals Commission

• 2004/04/12 April 2004 Report from Council

  Dealing with the Assignment of Contracts | Criminal Record Checks to be Conducted on all Reinstatement Applications | Proper Signatures Required on Contracts | Requirement for Separate Written Agreement | Selling a Tenanted Residential Property

• 2004/03/16 March 2004 Report from Council

  Agency Advisory Group to Be Formed | Reminder About Farm Land Classification | Use Care When Selling Units in Phased Strata Developments | Warning About View Corridors | News Laws Governing BC’s Rental Community in Effect