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BC Financial Services Authority is a Crown agency responsible for the supervision and regulation of the financial service sector, including credit unions, insurance, mortgage brokers, pensions, real estate professionals and trusts. We’re committed to providing oversight and to fair, transparent processes that benefit the public, and to providing the information to enable industry ...
BC Financial Services Authority is a Crown agency responsible for the supervision and regulation of the financial service sector, including credit unions, insurance, mortgage brokers, pensions, real estate professionals and trusts. We’re committed to providing oversight and to fair, transparent processes that benefit the public, and to providing the information to enable industry ...
May 4, 2021 · Client: means, in relation to a real estate professional, the principal who has engaged the real estate professional to provide real estate services to or on behalf of the principal; Family partner: means a person who is living and cohabiting with a real estate professional in a marriage-like relationship, including a marriage-like relationship between persons of the same gender
Nov 7, 2023 · The standard Contract of Purchase and Sale (CPS) is a familiar form of contract. Parties in a transaction and their representatives have come to expect the standardized form of CPS when contracting for residential real estate. However, some clauses in the CPS can be confusing for buyers, sellers, and REALTORS® alike. In this two-part series ...
Aug 26, 2021 · Standard form contracts of purchase and sale are very useful in real estate transactions. They are familiar, well-tested, and cover off all the basics and much more. However, real estate is complicated and the one-size-fits-all approach may not fit every situation. In cases where a standardized contract of purchase and sale does not entirely address the specific needs of the transaction adding ...
Nov 14, 2023 · Under BC law, contracts for the purchase and sale of real estate must be in writing to be enforceable. While written contracts provide certainty regarding the agreed-upon terms, it is possible to change those terms with the agreement of all parties involved. However, amendments must also be in writing and signed by all parties to be effective.
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Oct 3, 2023 · Under BC law, contracts for the purchase and sale of real estate must be in writing to be enforceable. When contracts are in writing, there is generally greater certainty about what terms the parties agreed to. However, just because a contract of purchase and sale is made in writing, it does not mean the contract ...
