As the new Rules under the Real Estate Services Act come into effect this Friday, June 15, there is plenty of support available through Council (your primary source of information on the new Rules), BCREA and the Board to help you make it through the transition so you can continue working and helping your clients.
Now available to all licensees: New course on the Rules
If you haven’t yet registered for the course “Rule Changes: Agency & Disclosure,” do it now! You are strongly encouraged to complete the course as soon as possible because after October 1, 2018, you will need to provide proof that you have completed the course before you can renew your license.
Click here to register.
The course was developed by the UBC Sauder School of Business in collaboration with the Council and gives you the information you need to understand and comply with the Rule changes. All trading services and rental property management licensees must complete the course . Please note, this is a Council required course and is not PDP-accredited.
Find more information about the Rule Changes: Agency & Disclosure course go to Council’s Relicensing Education Program page.
Five new forms launching on WEBForms® on June 14
All five new mandatory Council forms will be available on WEBForms® beginning on Thursday, June 14.
If you don’t have access to WEBForms®, or want to review the forms before Thursday, you can find them on Council’s website here:
- on the Knowledge Base
- on the Forms page
Note: All five forms will be available in French, Punjabi, Farsi and Simplified and Traditional Chinese. These versions will become available shortly after June 15, 2018.
Now available: Short videos explaining the new forms
If you’re looking for an overview of how and when to use the new mandatory forms that is short, to the point and easy to understand, look no further! Council has just released four videos for licensees to use to deepen their understanding. Check them out below!
- Disclosure of Representation in Trading Services
- Disclosure of Risks to Unrepresented Parties
- Disclosure to Sellers of Expected Remuneration
- Disclosure of Risks Associated with Dual Agency
In the weeks ahead, two more videos will be released by Council: a guide to the Agreement on Conflict of Interest and guidance for managing brokers on records management and audit requirements with regards to the new forms.
Support for current deals:
New digital web app now available
The Council has launched a new digital web app to help you meet your disclosure obligations under the Superintendent of Real Estate’s agency and disclosure rules.
Using the RECBC Forms app, you can digitally fill out the Disclosure of Representation in Trading Services and the Disclosure of Risks to Unrepresented Parties forms with consumers. You can choose to use the app or the printed forms to meet your disclosure requirements.
How to access the RECBC Forms app on your mobile device:
- Open the RECBC Forms app using the web browser on your mobile device (use Safari on iOS and Chrome on Android).
- Add the RECBC Forms app to your browser homescreen.
- Open the RECBC Forms app from your homescreen and follow the prompts.
Access the App here: https://formsapp.recbc.ca.
Have questions? Go here for a FAQ and here for more information.
More information:
- Contact Council at advisor@recbc.ca or 604-683-9664.
- BCREA summary document outlining all the changes to the 25 BCREA standard forms that have been revised.
- BCREA guide on how you can prepare yourself for the changes to standard forms, and what steps to take to ensure that you’re covered once the transition has taken place.