Open House by BCREA BC Real Estate Association

Earlier this month, the BC Government announced its intention to introduce a "cooling off" period for residential real estate transactions in BC next spring as well as consultation on several other practices that potentially pose a risk to consumers, including "blind bidding." On this special episode of Open House by BCREA, we welcome three guests to the show to help REALTORS® get a better understanding of the announcement: Dr. Paul Harrison shares his research into the effectiveness cooling off periods; BCREA Chief Economist Brendon Ogmundson shares his initial analysis of the impact of a cooling off period on BC's housing market, and Mike Moffat talks about whether there is evidence that supports the idea that banning blind bidding will slow real estate price growth.

This episode was recorded on November 23, 2021.

Related Links:
Mentioned on this show:
REALTORS® Invited to 2021 Standard Forms Post-Launch Q&A WebinarCooling-off periods for consumers don’t work: studyBanning Blind Bidding: Would it Slow the Growth in Canadian Real Estate Prices?BCREA Resources on Cooling Off Period and Blind Bidding:
BCREA Responds to Government Announcement on Cooling Off PeriodWhat is a Cooling Off Period? An Introduction for REALTORS®What is "Blind Bidding?" An Introduction for REALTORS®Community of Practice: Mandatory Cooling Off Period and Other Real Estate Transparency Measures (REALTOR Link® login required)

Across the province, REALTORS® and brokerages engaged in innovative work to support the real estate profession and the public. And we want to share those stories. On this episode of Open House by BCREA, explore an innovative way to build trusting, successful relationships with your clients through our conversation with Mark Winter. Mark is a seasoned real estate professional with 30 years of experience and is also a certified coach. He is Director of Agent Development at a BC real estate brokerage and has written a book entitled A Different Conversation: Realizing Your Potential as a Real Estate Agent. 

This episode was recorded on October 22, 2021.
Links:
New Survey Offers Insights Into What Canadians are Saying About REALTORS®A Different Converesation: Realizing Your Potential as a Real Estate AgentBackground
If you had to pick the most important thing you could provide your clients with, what would it be?
In a survey recently published by the Canadian Real Estate Association and Nanos Research, the most important attributes a Realtor should display in their interactions with clients are honesty and integrity. In other words, your clients want to be able to trust you.
But building that trust can be easier said than done and the survey results also highlight that there is some room to grow in that area.
Joining us to talk about an innovative way to build trust in your relationships with your clients is Mark Winter. Mark has been a part of the same BC brokerage since 1992 and now has over 30 years of experience in the real estate business. He started off as a Realtor and now works in a senior leadership role as Director of Agent Development.
He’s also a certified coach and putting his two passions together has written a book entitled A Different Conversation: Realizing Your Potential as a Real Estate Agent. Mark joins us to talk about the coaching approach and how this approach can lead to more success and fulfillment as a Realtor, which in turn means more satisfied clients.
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Do you want to be notified on your smartphone when the latest episode of Open House by BCREA is published? Subscribe on your favourite podcast app, including Apple Podcasts, Spotify, Google Podcasts, Stitcher, and TuneIn.
You can even ask Alexa to “play the podcast Open House by BCREA.”
While you’re waiting for the next episode, follow BCREA on social media to stay updated:
BCREA on FacebookBCREA on TwitterBCREA on LinkedInBCREA on YouTubeBCREA on Instagram

On October 1, BCREA will begin accepting applications from REATLORS® and members of the public interest in becoming a part of the BCREA Board of Directors for the upcoming term. On this episode of Open House by BCREA we talk about volunteering in the real estate sector and becoming a member of the BCREA Board of Directors with Anthony Bastiaanssen, who is past Chair of the BCREA Board, past President of the Okanagan Mainline Real Estate Board and current Chair of the BCREA Nominating Committee.
This episode was recorded on September 21, 2021.
Links:
Virtual Information Session: Becoming a Member of the BCREA Board of DirectorsBackground
REALTORS® are an integral part of the community. Not only do you facilitate what is often one of the biggest transactions of people’s lives, you support your communities through dedication to your profession. That means continuing professional development and upholding the highest standards of professionalism. And for some, it also means volunteering within the profession.
If you are interested in having a meaningful impact on the future of the real estate profession, becoming a part of your local real estate board or BCREA’s Board of Directors is a great way to do that.
Every year, BCREA accepts applications for new members to its B, and joining us on this episode to talk about his experience as a Director not only on BCREA’s Board but also with the Okanagan Mainline Real Estate Board (OMREB) is Anthony Basitaanssen.
Anthony is the past-Chair of the BCREA Board of Directors and past President of OMREB. He is also chair of BCREA’s Nominating Committee and joins me to talk about his experience as a real estate board member.
Subscribe & Follow
Do you want to be notified on your smartphone when the latest episode of Open House by BCREA is published? Subscribe on your favourite podcast app, including Apple Podcasts, Spotify, Stitcher, and TuneIn.
You can even ask Alexa to “play the podcast Open House by BCREA.”
While you’re waiting for the next episode, follow BCREA on social media to stay updated:
BCREA on FacebookBCREA on TwitterBCREA on LinkedInBCREA on YouTubeBCREA on Instagram

On this month's episode of Open House by BCREA, a panel of three BC Realtors, including host and managing broker Tony Joe, BCREA Director Ashley Smith, and Youth Professional Network chair Kate Philpott talk about getting started as a Realtor, along with tips and directions about how to fast-track a new career in real estate.

This episode was recorded on July 20, 2021.
Links:
BCREA New REALTOR® ResourcesAshley SmithKate PhilpottBackground
When the housing market is hot, interest in becoming a Realtor spikes. But once you have your licence, what comes next?
On this episode, Realtors Ashley Smith and Kate Philpott share their thoughts and experiences about starting out, existing and practicing among a typically older age demographic of professionals, and ideas on how to hit the ground running in a new career.
This episode will be of particular interest to anyone thinking of becoming a Realtor, licensees new or newer in the business, Realtor parents thinking of having their kids or other family enter the business, or managing brokers or sales trainers looking for action plans or perspective on how to assist new recruits.
Topics covered in the show include:
The importance of seeking mentorshipWhy Realtor reputation is importantHow to navigate acts, regulations and resourcesAnd more!Subscribe & Follow
Do you want to be notified on your smartphone when the latest episode of Open House by BCREA is published? Subscribe on your favourite podcast app, including Apple Podcasts, Google Play, Spotify, Stitcher, and TuneIn.
You can even ask Alexa to “play the podcast Open House by BCREA.”
While you’re waiting for the next episode, follow BCREA on social media to stay updated:
BCREA on FacebookBCREA on TwitterBCREA on LinkedInBCREA on YouTubeBCREA on Instagram

On this month's episode of Open House by BCREA, our Chief Economist Brendon Ogmundson joins the show to talk about his new Market Intelligence report exploring five questions about the post-pandemic housing market. From rising mortgage rates, to remote work and market balance, we highlight what Realtors should be looking for as the economy emerges from COVID-19.

This episode was recorded on June 21, 2021.

Background

The COVID-19 pandemic turned the world upside down. Within the blink of an eye, doors were shut, masks were on, and the world as we knew it had changed.
This is true for Canada and BC’s housing market – REALTORS® and consumers had to adapt how they sold and bought homes. That wasn’t a surprise.
What was a surprise though is how the market reacted. At the end of 2020 and into 2021 the BC housing market has been as busy as ever resulting from a perfect storm of factors including low mortgage rates, low housing supply, and remote work.
But what does the future hold? We’re hearing of great vaccination rates at least when it comes to first doses in BC and Canada and with that and the loosening of many restrictions across the province. So a return to life as we knew it may be around the corner.
To explore how the housing market might respond it’s our pleasure to talk to BCREA Chief Economist Brendon Ogmundson, who has put together a  special Market Intelligence report asking five open-ended questions looking into what the post-pandemic housing market might look like. From rising mortgage rates, immigration and housing supply, to a look at when the market might return to balance.

Subscribe & Follow
Do you want to be notified on your smartphone when the latest episode of Open House by BCREA is published? Subscribe on your favourite podcast app, including Apple Podcasts, Google Play, Spotify, Stitcher, and TuneIn.
You can even ask Alexa to “play the podcast Open House by BCREA.”
While you’re waiting for the next episode, follow BCREA on social media to stay updated:
BCREA on FacebookBCREA on TwitterBCREA on LinkedInBCREA on YouTubeBCREA on Instagram

On this month's episode of Open House by BCREA, we are joined by Adam Feldman, an Anti-Money Laundering Advisor with The AML Shop, who shares an overview of the new or revised anti-money laundering regulations that come into effect on June 1, 2021, and how they will impact real estate practice. These changes were introduced by the Financial Transactions Reports Analysis Centre of Canada, more commonly known as FINTRAC.
This episode was recorded on May 20 and 25, 2021.
Rundown:
Introduction - 0:00Feature Conversation - 1:45Adam Feldman Introduction - 2:45Regulatory Change Overview - 3:40Beneficial Ownership - 7:20Business Relationships - 11:30Politically Exposed Persons - 16:40Virtually Currency - 23:50Links:
BCREA FINTRAC 2021 Gateway PageJune 2 FINTRAC Webinar RegistrationBackground:
On June 1, 2021, big changes are coming to FINTRAC. The regulatory amendments will result in new or changes to existing obligations for all reporting entities, including real estate brokerages.
The amendments will cover areas such as beneficial ownership, business relationships and ongoing monitoring, politically exposed persons, certain record-keeping obligations and more. 
BCREA has created a series of resources to support brokerages and REALTORS® and one of those is a conversation with Adam Feldman, who is a certified Anti-Money Laundering Advisor with The AML Shop. He assists clients in taking their AML compliance program to the next level by conducting effectiveness reviews, building compliance programs, and advising clients on navigating the regulatory landscape.