real estate in british columbia - David Hennessey

July 25, 2024September 17, 2024

Are REALTORS® committed to protecting your privacy?

REALTORS® like myself are committed to protecting your privacy. During the process of a real estate transaction REALTORS need to obtain personal information about buyers and sellers to facilitate the transaction.

The British Columbia Personal Information Protection Act (PIPA) defines what is personal information and how and when it can be used.

Watch this 3 minute video from BCREA to learn more details.
Continue reading “Are REALTORS® committed to protecting your privacy?”

July 18, 2024September 17, 2024

Attention: Real Estate Investors – New eviction rules in BC

New rules around evictions require BC landlords looking to evict tenants for personal or caretaker use to use a new website to create Notices to End Tenancy starting July 18, 2024.

Key changes include:

Landlords must provide four months’ notice for personal-use or caretaker evictions (previously two months)
Tenants will have 30 days to dispute evictions (previously 15 days)
The person moving into the unit must live there for at least 12 months
Landlords evicting in bad faith may owe tenants 12 months’ rent

Quick Facts from the government website:

Starting July 18, 2024, landlords will be required to use the Landlord Use Web Portal when they are issuing Notices to End Tenancy for personal or caretaker use, with a unique notice ID when ending a tenancy.
Landlords using the website portal will be required to have a Basic BCeID to access the site.
While using the website portal, landlords will be given information about the required conditions for ending a tenancy and the penalties associated with evicting in bad faith.
They will also be informed about the amount of compensation they will be required to issue to evicted tenants.

Visit the BC government website to learn more.

If you would like to learn more about how I serve my clients in buying and selling real estate please contact me here to book a time for an introductory free consultation. I have created a special buyers and seller guide book to share with you.

Sincerely,

David Hennessey

REALTOR®

eXp Realty

604 626 8903

July 11, 2024September 17, 2024

What is the Multiple Listing Contract?

The multiple listing contract is used when the sellor wants to engage the services of a REALTOR® to list their property on the multiple listing service or MLS.

Learn more details that will help you understand the MLS contract by watching this 4 minute video courtesy of BCREA.

Details covered in the video include the terms of the listing and which people are involved in this legal contract. Additional details include the rights and responsibilites of all parties.

Continue reading “What is the Multiple Listing Contract?”

July 4, 2024June 28, 2024

Do REALTORS® have to disclose referral payments?

Yes, your REALTOR® is required to follow specific rules set out by the British Columbia Financial Service Authority with regards to referral payments.

Watch this two minute educational video courtesy of BCREA.

As a real estate professional to obtain and keep my license to be a real estate professional one of the things I am required to do is to disclose to your the payment of referrals.

If you would like to learn more about how I serve my clients in buying and selling homes please contact me here to book a time for an introductory free consultation.

Sincerely,

David Hennessey

REALTOR®

eXp Realty

604 626 8903

June 28, 2024September 17, 2024

Do you know why REALTORS® ask for your personal information in British Columbia?

Do you know why REALTORS® ask for your personal information in British Columbia?

During a real estate transaction in British Columbia, REALTORS® are required to verify your identity. Do you know why? This video courtesy of BCREA explains why

Continue reading “Do you know why REALTORS® ask for your personal information in British Columbia?”

April 29, 2024April 29, 2024

What responsibility do real estate professionals have in BC?

**Did you know that real estate professionals in British Columbia have a regulatory requirement to present you with the below details before providing you with real estate services?**

You can work with a real estate professional in one of the following ways:

AS A CLIENT
If you are the client of a real estate professional, they work on your behalf. The real estate professional representing you has special legal duties to you, including:

Continue reading “What responsibility do real estate professionals have in BC?”

Did you know that real estate professionals in British Columbia have a regulatory requirement to present you with the below details before providing you with real estate services?

You can work with a real estate professional in one of the following ways:

AS A CLIENT If you are the client of a real estate professional, they work on your behalf. The real estate professional representing you has special legal duties to you, including:

**Did you know that real estate professionals in British Columbia have a regulatory requirement to present you with the below details before providing you with real estate services?**

AS A CLIENT
If you are the client of a real estate professional, they work on your behalf. The real estate professional representing you has special legal duties to you, including: