REALTOR® NEWSREALTOR® NEWS
September 2, 2020



Featured News

CREA’s WEBForms working group holds first meeting

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Part of the Canadian Real Estate Association’s (CREA’s) commitment to improving WEBForms includes a closer working relationship with their member boards. This is happening in the form of a WEBForms working group (WWG) that met for the first time in August.

The WWG is facilitated by CREA’s Manager of Industry Development Rob Reynar and includes one staff member from each board. They’ll meet quarterly at first, and more frequently as required.

The WWG’s mandate is to receive feedback and guidance from the boards to identify significant issues and areas for development and improvement, while enhancing the communication, training, and support that CREA provides.

The WWG will be augmented by a user acceptance testing (UAT) group of REALTOR® power-users that'll help catch bugs and other performance issues before they’re put into the live system.

At their August meeting, the WWG discussed four topics:

  • The font size and pagination issues that members have experienced significant frustrations with. This is a priority for CREA to deal with, and the first steps towards a resolution were discussed and agreed upon by the WWG.
  • A change to the workflow for adding new forms to the system. Any new form to be added to the system will be tested and approved by the submitting organization before being made available to members.
  • CREA agreed to communicate any WEBForms information to the boards first, so they can inform members through their established communication channels ahead of any communications CREA sends themselves.
  • Upcoming changes to the Clause Manager to be implemented in September. These include the addition of a date picker for consistent display of dates, enhancements to the clause search functionality, and the addition of a rich text editor. Look for more on these changes soon.

We’ll share more WEBForms updates as they’re available.

WEBForms resources

Join CREA’s weekly webinar or access pre-recorded webinars.

You can view the most popular tutorial videos in their quick start guide or access the full library of tutorial videos here.

Access our support resources here. Our Help Desk also remains available to help you with WEBForms issues: 604-730-3020 or support@rebgv.org.

New standard forms coming September 16, resources available now

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The BC Real Estate Association (BCREA) is releasing new standard forms and clauses, alongside a collection of changes to existing forms on September 16. This includes seven new standard forms, three new clauses, and a variety of revisions to existing forms.

BCREA recently hosted an information session to help you understand these new forms and changes. For more information:

BCREA is also planning a follow-up session for members in October. Watch for registration information soon.

They’ve also developed a pre-launch package with copies of all of the new and revised forms along with guides for how to use them.

Meet our 2019 award recipients Rosemary Barnes and Debi Pearce!

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On August 27, we announced our 2019 Professional Excellence Award recipient Rosemary Barnes and our 2019 REALTORS Care® Award recipient Debi Pearce.

2019 Professional Excellence Award – Rosemary Barnes

Rosemary Barnes (Park Georgia Realty) is in the 44th year of her career in real estate. Few people can say they’ve volunteered more of their time to their profession than Rosemary, who’s served as REBGV’s second-ever female president, the BC Real Estate Association’s first-ever female president, and the Canadian Real Estate Association’s first-ever female chair. Learn more about Rosemary’s many achievements in the video below.

Congratulations, Rosemary!

The Professional Excellence Award honours people in real estate who’ve strengthened their profession by leading, mentoring, and giving back. The winner must meet strict requirements of professionalism, ethics and community involvement over the course of their career.

Share this on your social media accounts from our public website and on our Twitter, Facebook, and Instagram pages.

2019 REALTORS Care® Award – Debi Pearce

Last summer, Debi Pearce (Royal LePage Brookside) became an organ donor, giving one of her kidneys to Geoff Dunsire, the son of one of her clients. When she worked with the Dunsire family years ago, she didn’t initially realize how sick Geoff was. When she later learned he needed a kidney to live, she began the journey that led to her donation and a renewed lease on life for both Debi and Geoff. Learn more about their story in the video below.

Congratulations, Debi!

The REALTORS Care® Award honours Metro Vancouver REALTORS® who demonstrate a sustained commitment to charitable, fundraising, or volunteer activities that strengthen communities and support people in need.

Share this on your social media accounts from our public website and on our Twitter, Facebook, and Instagram pages.

Learn more about our awards and our previous recipients.

Death by a thousand cuts

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A gruesome medieval torture was to execute someone by cutting their flesh with small cuts, a thousand times. The pain inflicted must have been unimaginable. Death by exsanguination (blood loss) was the result.

Got your attention? I’ll bet I do. Today’s column is about our public reputation and how important it is to protect it in everything we do.

A recent news article highlighted some members’ advertising practices and public commentary about the real estate profession in general. It was a painful read. The pain was amplified by an uncomfortable statistic cited in the article: just 47 per cent of BC residents have a positive or slightly positive view of real estate agents.

Real Estate Council’s new ethics relicensing course mentions this same poll result. But it cites the BC number, which is at 42 per cent. Ouch. What’s weird to me is that when sellers and buyers are asked what they think of their REALTOR® after having dealt with one, their approval rating is usually much, much higher. They’ll often say, when asked by a friend who they should contact, “You should call my Realtor—they rock,” or something similar.

It’s the same with lawyers, by the way. Lawyers are not always portrayed in a flattering light in the media and movies or on television; yet, when you ask a friend to recommend one, they’ll usually have first-hand knowledge of a lawyer who’s been a great help to them.

I don’t know how we change the public-opinion channel from what some people think about us collectively, to what buyers and sellers think about us individually. But one thing for sure is this channel isn’t going to change if we continue to be the subject of unflattering stories in mainstream and social media.

We all suffer when yet another article is published or posted that plays into the meme that we, as a profession, are in it for ourselves and that we don’t care about buyers, sellers, owners, and others.

This isn’t even remotely true, in my experience. All Realtors I know care greatly about those they’re helping. There’s a lot of evidence of our commitment to societal good.

For example, from 2012 – 2017, Realtors through the Canadian Real Estate Association (CREA) gave a total of $131,367,261.96.

Realtors from the Real Estate Board of Greater Vancouver gave a total of $49,389,402.82 between 2007 and 2018. (REBGV member donations make up about 37 per cent of CREA’s total).

This is a separate program from the REALTORS Care® Shelter Drive and its shelter-related charities to which you donated about $360,000.

There’s also our 25-year-old annual Blanket Drive, which brings warmth and some good cheer to our less fortunate neighbours. There’s all the volunteer work members do in the community—from sponsoring baseball teams to fundraising for hospitals. Some of this work is recognized, while some of it isn’t (and some members like it that way).

Let’s not forget our biggest societal good. Namely, helping buyers and sellers to acquire and sell shelter and investments. There’s also the benefits that the Multiple Listing System® has brought, something we created, funded, and have maintained for at least 70 years.

But all of our contributions are blown away when a negative story about what a member is said to have done surfaces in the media. When we’re seen to be ignoring the rules or not working with societal good in mind, we all suffer a reputational hit.

An example of behaviour hurting our collective reputation is a perception (or the reality) of some members being seen not to be following COVID-19 health and safety requirements when holding open houses and doing showings. Some of these rules may be open to a bit of interpretation, but what should never be in doubt is that when someone thinks a member is a scofflaw, we all suffer. I mean, if we’re seen to be playing fast and loose with COVID health and safety guidelines, what does that say about our willingness to follow other professional requirements? We must not only follow these rules, we must be seen to be following them too.

So, what must we do about this?

Since 2016, we’ve taken significant steps to change the way we do business. Credit for this has been slow in coming. I don’t think we’ll ever get up there where angels, nurses, and firefighters sing, but I do think with some determined effort, we can raise our public perception number from its basement-low 42 per cent to 50 per cent, perhaps even as high as 60 per cent.

This would be something to celebrate. Despite the steps we’ve taken during the past few years there’s more work to do. Think of it this way: everything we do creates an opinion. This includes the letters, texts, and email messages we write. It includes the tone of our conversations and the way we explain things to others. It includes the news articles written about us. All of these things influence the extent to which a client trusts we will put them first. All of these things have an impact on public opinion. Each of us has, within our daily control, the ability to affect what each and every person we work with thinks about our interactions with them.

I’ve never worked with a group who cares more about its collective reputation. And this is good, because we live and die by it in the public square. We don’t get to decide what others think; they do. So, let’s do all we can every day to leave a good impression by doing everything well all day long. Are we up to the task? Yes, absolutely. Let’s get that public approval number up. Everything we do counts. And, when we get there, maybe then we’ll be able to click on an article about real estate without being fearful about what it will say.

No one individually or collectively looks good when covered with a thousand band aids. Wouldn’t it be a fine thing to catch a break in the public square, getting the benefit of public goodwill? That’s only going to start happening when the public sees us in a different light. Each one of us, every day, has that light switch at our finger tips.

Top Tip: Resisting temptation

It can be tempting, especially when your blood is pumping and you have a red mist blurring your sight and judgment, to make a post or reply to a story about a colleague’s behaviour that has been posted on social media or is the subject of an article in the mainstream media. Resist the temptation to make a comment in reply or to make the post in the first place.

Everyone loves a good story, and someone else’s alleged misdeeds can make a very good story. If you have kids or you recall when you were one, remember how much fun it was to see your little brother or sister get punished? “Boy, he’s gonna get it from dad,” you thought. It’s the same for us. It can be very tempting to make a public comment* on what a colleague is said to have done. But don’t. All members are entitled to due process via the Board’s Professional Conduct Committee. The Board’s disciplinary process is private, and a member is not guilty until the Professional Conduct Committee says so. Let the committee do its work. If someone has done something wrong, you will read about it if the committee has something to say. When the committee does have something to say about a member’s discipline, don’t forget that the Board’s disciplinary process is private, for members’ information only. Re-posting, making public, or commenting about other members’ discipline or alleged misdeeds will put you in harm’s way. Read the Realtor Code Article 19 and Rules of Cooperation, Rule 6.08 b).

PS: A “closed forum/chat room” can be considered as “public” for the purposes of an Article 19/Rule 6.08 b) complaint.

Masks on transit, strata insurance update, and government housing data

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Mandatory transit face coverings

Contagion concerns are a top priority on transit ever since Dr. Bonnie Henry confirmed that COVID-19 can spread in open air and crowded spaces. To stop the spread, TransLink has made masks mandatory.

Read more.

Strata insurance – where are we at?

BC strata corporations have faced skyrocketing insurance premiums and in some cases have been unable to obtain insurance in the past year. Here’s a summary of problems and potential solutions.

Read more.

Government housing data can help you

Think of a housing question – what percentage of home buyers are first-timers? How’s the coronavirus changing the housing market? – and there’s a government survey with the answer. We’ve compiled a list.

Read more.

Council changing the Legal Update course Oct. 1: What you need to know

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Starting October 1, the Real Estate Council of BC (Council) will take full control over the registration and delivery of their required Legal Update course. You’re required to complete Legal Update every two years as part of Council’s re-licensing requirements.

Here are the key highlights you need to know about this change.

Reduced class sizes

Council is reducing the size of their Legal Update classes. This means classes will fill up more quickly, which in turn means you’ll need to be more diligent in ensuring you give yourself enough time to complete Legal Update before your license expires. Don’t wait until the last minute.

No more technical support from REBGV

Since we’re no longer coordinating the delivery of Legal Update, we’ll no longer track or take transcripts for this course in your education history. We also won’t be able to help you with technical support related to this course. You'll be able to receive support from Council at education@recbc.ca or call 1-877-927-2077 and select option 2 if you need help.

Remember, Legal Update or any of Council’s other required courses no longer qualify for Professional Development Program (PDP) credit. You need to complete Council’s required courses before submitting your application to renew your licence.

If your renewal is:

Before October 1, you'll need to complete these courses: Legal Update, Rule Changes: Agency and Disclosure, and Anti-Money Laundering in Real Estate.

After October 1, you'll need to complete these courses: Legal Update, Anti-Money Laundering in Real Estate, and Ethics for the Real Estate Professional.

Visit Council’s website for more information.

Innovation Series: Housing supply and affordability with UDI

Our new Innovation Series of videos is aimed at helping REALTORS® discover new practices, tools, and knowledge.

In our latest video, we asked Urban Development Institute (UDI) CEO Anne McMullin about the trends affecting housing supply and affordability in our region, the barriers keeping us from building more affordable housing, and how COVID-19 has affected the way the development community thinks about building homes.

Watch the video below. 

Missed our other Innovation Series videos?

Past interview subjects include the Ethics Guy® Kim Spencer, BCREA Economist Brendon Ogmundson, Mortgage Broker Angela Calla, and Victoria Gray from Wasserman & Partners Advertising Inc.

Click here to watch our past Innovation Series videos.

Other News

What to do if someone tests positive for COVID-19

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Even with all the technology available to REALTORS®, from livestreaming to virtual document signing, face-to-face contact may be unavoidable when providing services to a client.

Wearing a mask, keeping clean hands, and maintaining physical distancing will decrease the chance of COVID-19 transmission, but the risk of transmission will never be zero.

So what happens if you or a client contract COVID-19?

Contact tracing procedures

When a person tests positive for COVID-19, a public health official will interview them to see who they’ve been in personal contact with.

If you’ve been in close contact with someone who has a confirmed case of COVID-19, and public health officials determine you may have been exposed, they’ll reach out to you directly to let you know.

If you have no symptoms, they’ll ask you to self isolate for 14 days.

If you do have symptoms, they’ll ask you to get tested. If the test comes back positive, the contract tracing process will begin again, and health officials will contact anyone you’ve been in contact with.

Exposure events

You may have seen notices published by public health officials warning patrons of restaurants and stores of possible exposure. These notices usually include a time and date of possible exposure.

These notices are released by regional health services like Vancouver Coastal Health and Fraser Health. These notices are only released if health authorities feel they can’t identify and reach all individuals that may have been exposed.

For example, if someone with a confirmed case of COVID-19 attends an open house while sick, health authorities will need to contact everyone who attended during that time. This is when they’d contact the Realtor who ran the open house to get the contact-tracing information the Realtor was obligated to collect.

If this information is incomplete, or they aren’t able to contact all the attendees on the list, the health authorities may publish a public exposure notice to try to inform potential contacts so they can self isolate or get tested.

You can find the latest public exposure events online:

Register for our September events

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We’ve got three member events coming up this month. Check out the details below.

2020 PNE Prize Home: A look at the green home of the future – September 10

Join past-chair Ashley Smith for a tour of the 2020 PNE Prize Home, which is set to meet the BC Energy Step Code’s highest standard. This livestreamed event will explore the implications of the BC Energy Step Code and future energy efficiency regulations for home buyers and REALTORS®.

This event is PDP-eligible. Click here to learn more and register.

Privacy and data security – September 16

Learn more about common cyber threats and how to protect your data and privacy. Our expert panel will discuss the most common cyber security threats facing real estate businesses, how cyber crime is evolving, and practical steps you can take to protect yourself, your clients, and your business.

This event is PDP-eligible. Click here to learn more and register.

Town centre development plans - City of Maple Ridge – September 30

We’ve gathered an expert panel to discuss the new development plans for the town centre in Maple Ridge, including a review of the current plan and a study review of the Lougheed corridor.

This event is PDP-eligible. Click here to learn more and register.

Missed our last events?

Click here for recordings of all of our recent events.

Home sale and listing activity continues to increase in August

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Home buyers and sellers remained active across Metro Vancouver in August, with home sale and new listing activity outpacing the region’s historical averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,047 in August 2020, a 36.6 per cent increase from the 2,231 sales recorded in August 2019, and a 2.6 per cent decrease from the 3,128 homes sold in July 2020.

Last month’s sales were 19.9 per cent above the 10-year August sales average.

“People who put their home buying and selling plans on hold in the spring have been returning to the market throughout the summer,” Colette Gerber, REBGV Chair said. “Like everything else in our lives these days, the uncertainty COVID-19 presents makes it challenging to predict what will happen this fall.”

There were 5,813 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2020. This represents a 55.1 per cent increase compared to the 3,747 homes listed in August 2019 and a 2.3 per cent decrease compared to July 2020 when 5,948 homes were listed.

This was 34.8 per cent above the 10-year August new listings average.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 12,803, a 4.4 per cent decrease compared to August 2019 (13,396) and a six per cent increase compared to July 2020 (12,083).

For all property types, the sales-to-active listings ratio for August 2020 is 23.8 per cent. By property type, the ratio is 23.7 per cent for detached homes, 30.5 per cent for townhomes, and 21.6 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“Low interest rates and limited overall supply of homes for sale are creating competition in today’s housing market,” Gerber said. “Your local REALTOR® can help you navigate today’s market and ensure that the latest public health requirements are followed at every step of the process. Above all, safety has to remain our top priority during this pandemic.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,038,700. This represents a 5.3 per cent increase over August 2019 and a 0.7 per cent increase compared to July 2020.

Sales of detached homes in August 2020 reached 1,095, a 55.1 per cent increase from the 706 detached sales recorded in August 2019. The benchmark price of a detached home is $1,491,300. This represents a 6.6 per cent increase from August 2019 and a one per cent increase compared to July 2020.

Sales of apartment homes reached 1,332 in August 2020, a 19.4 per cent increase compared to the 1,116 sales in August 2019. The benchmark price of an apartment property is $685,800. This represents a 4.5 per cent increase from August 2019 and a 0.5 per cent increase compared to July 2020.

Attached home sales in August 2020 totalled 620, a 51.6 per cent increase compared to the 409 sales in August 2019. The benchmark price of an attached home is $806,400. This represents a 4.4 per cent increase from August 2019 and a 1.1 per cent increase compared to July 2020.

Click here to download the August 2020 stats package.

Take our new strata wind-ups course

The process of terminating a strata corporation, also referred to as winding up a strata, has changed considerably since 2016 with the introduction of Bill 40. The bill amended the Strata Property Act to allow strata owners to terminate their strata corporation with an 80 per cent vote of registered strata owners and court approval, instead of the previously required unanimous vote.

These changes, combined with heightened market activity, have created significant interest in strata wind-ups. Many owners and strata managers find themselves fielding inquiries from developers and/or REALTORS®.

What do owners need to know before pursuing their own strata wind-up? How can you, as a Realtor and trusted advisor, assist them in this complicated process?

In our new six-hour PDP accredited course (delivered online through Zoom), you’ll learn what the strata wind-up process entails from beginning to end and be able to provide a thorough explanation to your clients to help them determine if their property is suitable for a strata wind-up as well as assist them in the process.

The first course is scheduled for October 26. Visit our course catalogue to register.

Questions: 604.730-3087 or email: education@rebgv.org.

Obituary: Brian Lownsbrough

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REALTOR® Brian Lownsbrough died suddenly in June on a weekend fishing trip with his friends. He was 67.

Brian was born and raised in Vancouver. He worked in the grain industry before earning his real estate license in 1975.

He was first licensed with Royal LePage in Coquitlam and worked for other offices like RE/MAX All Points and Wolstencroft Realty Ltd. before moving his career to the Okanagan. He was most recently with Sutton Group Showplace Realty in Chilliwack.

Outside of real estate, Brian loved to be around his family and friends. His nieces, nephews, and his many great-nieces and great-nephews all adored playing with their Uncle Duck. He enjoyed sports and recreational games, fishing, and reading.

Brian was predeceased by his parents, his infant sister Diane Carol, his nephew Randy Ray Lownsbrough, and his elder brothers Glenn and Wayne. He’s survived by his nieces and nephews Derek Lownsbrough, Tracey McCullough, Coral Larocque, Bradley Lownsbrough, and Kelly Lownsbrough and their families.

Visit this website to leave your condolences.

New Council suspension available

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The Real Estate Council of BC (Council) regularly posts their disciplinary decisions. Click here for their latest ruling.

Courses and Events

September 22 & 23