Best answer: How do I report a real estate agent in BC?

How do I file a complaint against a realtor in BC?

Complete the complaint form available at Attach and sign all documentation as specified and send to BC Financial Services Authority, 600-750 West Pender Street, Vancouver, BC V6C 2T8.

Who governs real estate agents in BC?

Real estate is regulated by the Real Estate Council of British Columbia (RECBC). They license real estate agents and brokerages engaged in real estate sales, rental property and strata management. They also enforce standards of conduct and investigate complaints from the public.

Who regulates appraisers in BC?

The Appraisal Institute of Canada – British Columbia (AIC-BC) is the provincial association of the Appraisal Institute of Canada (AIC) within British Columbia and Yukon Territory.

Who is the superintendent of real estate BC?

The Province of British Columbia has appointed Micheal Noseworthy as the new superintendent of Real Estate.

How much tax do you pay when you sell a house in BC?

The general property transfer tax applies for all taxable transactions. The general property transfer tax rate is: 1% of the fair market value up to and including $200,000.

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Will house prices drop in BC?

forecast data, the BCREA said B.C. housing starts will plunge 12.8 per cent next year, compared to 2021, to 39,000 units. … The drop will be led by the multi-family sector, where starts are forecast to fall 16.8 per cent to 28,300 homes.

How much does an appraisal cost in BC?

Appraisal costs do vary. Most home appraisals start around $350 (plus tax) but they can go much higher depending on how expensive the home is, location, complexity of the appraisal and how easily the appraiser can access comparable data.

How do I find the appraised value of my home?

How to find the value of a home

  1. Use online valuation tools. Searching “how much is my house worth?” online reveals dozens of home value estimators. …
  2. Get a comparative market analysis. …
  3. Use the FHFA House Price Index Calculator. …
  4. Hire a professional appraiser. …
  5. Evaluate comparable properties.

What is the difference between a bank appraisal and real estate appraisal?

The realtor’s appraised value of your home helps you get a market value so that you can price your home accurately before putting it up for sale, while a bank appraisal is used when buying or refinancing a home.

Is Recbc now Bcfsa?

On August 1, 2021, the Real Estate Council of BC (RECBC) and the Office of the Superintendent of Real Estate (OSRE) will be integrated into the BC Financial Services Authority (BCFSA), resulting in one single regulator for real estate in BC. As a result, RECBC and OSRE will no longer exist.

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What is a property disclosure statement BC?

The Property Disclosure Statement (PDS) is a form that is usually provided by the seller to the buyer PRIOR to writing an offer. … By completing the PDS form (residential, strata and rural land), a Seller is able to disclose (in writing) all relevant facts about the property.