BCREA recently announced changes to its standard forms, to take effect on May 16, 2022.
In general, form changes are introduced on a yearly basis however, from time to time “housekeeping” changes are implemented when immediate updates are necessary.
Members can expect the following form changes to CREA’s WEBForms®:
- revisions to four standard forms
- a modification to a question concerning several Property Disclosure Statements
- the sunsetting of the Presale Transaction Cross Reference List form
- improvements to the searchability of forms on WEBForms®
More details regarding these upcoming changes may be found in a recent BCREA article written by FVREB Past President, Jim McCaughan.
Members can also view the Spring 2022 Standard Forms Housekeeping Amendments Pre-Launch Package, including a summary of the changes and a preview of the revised forms.
If you have questions, please contact: standardforms@bcrea.bc.ca.
Source: FVREB Communications