Council Welcomes Lenard Hrycan
On December 2, Lenard Hrycan became the 12th member to be appointed to the Real Estate Council of BC. Mr. Hrycan, who has been appointed for a two-year term, is retired as the Kamloops director of community and corporate affairs where he oversaw bylaws, fire services, and the city side of Kamloops RCMP operations. Mr. Hrycan completed a 35-year career in three departments with Kamloops city. Beginning as a design draftsman in the city’s engineering department in 1977, Mr. Hrycan worked within city planning and headed up the development and engineering services section. He is a graduate of Cariboo College.
Learn more about all the newly-appointed Members of Council.
Notice to Seller Regarding Assignment Terms – Translated Consumer Information Now Available
Licensees working with clients who prefer to read and speak in languages other than English can now take advantage of translated versions of the consumer advisory on the Notice to Seller Regarding Assignment Terms form to help their clients understand their rights regarding assignments.
Translations of the consumer advisory portion of the form are available in Punjabi, Persian, Simplified Chinese and Traditional Chinese. The Notice to Seller forms are available on the Council’s Forms page and through WEBForms. Turn to the second page of the form to find the translated consumer advisory notice.
In the months ahead, the Council plans to translate more key consumer information pieces, to help licensees ensure their clients are well-informed when making decisions about buying and selling real estate.
New Requirements on Form B Information Certificates
Strata managers: when you receive a request for a Form B Information Certificate, make sure you are providing all the information required. Earlier this year, following amendments to the Strata Property Regulation, new questions were added to the Form B, requiring a strata to disclose any termination resolutions, and any matters before the Civil Resolution Tribunal.
A new question in paragraph (h.1) of the form reads, “Are there any winding-up resolutions that have been passed?” If the answer is yes, you must attach a copy of all resolutions with the completed form.
Paragraph (j) now asks, “Is the strata corporation party to any court proceeding, arbitration or tribunal proceeding, and/or are there any judgments or orders against the strata corporation?” If there are matters before the Civil Resolution Tribunal, or the courts, you must attach details.
Other recent changes to the Strata Property Act and Regulation include:
- Strata owners can now terminate their strata corporation with an 80 percent vote of all eligible voters. Previously, a unanimous vote was necessary to terminate a strata corporation;
- Court oversight to protect minority-dissenting owners and registered charge-holders; and
- Regulations which refer to the 80 percent vote resolution, and reflect the rules applying to the termination of a bare land strata corporation.
For more information about the Form B Information Certificate see:
- updated Form B Information Certificate
- Order In Council
- Form B Information Certificate in the Professional Standards Manual
For more information about the Civil Resolution Tribunal see:
Form Changes: Are You Keeping Up?
A number of the standard forms available through WEBForms® have recently been updated. Are you using the most recent version? To find out, check the advisory notice from the British Columbia Real Estate Association available on WEBForms®– it provides detailed information on all the changes.
We’ve been making changes to Council forms and information as well – updating all references from “Council Rules” to “Rules.” That’s because, on September 30, 2016, rule-making ability was transferred from the Real Estate Council to the Superintendent of Real Estate. In future, new Rules and amendments to existing Rules will be made by the Superintendent. You can find the Rules online, and updated recently updated forms are available on the Council’s Forms page.