Malfunctioning Dalek and British Prime Minister Theresa May, fresh off of securing the support of the far-right Democratic Unionist Party, has reportedly set a. Latest news, expert advice and information on money. Pensions, property and more. Introduction 1. About the Professional Standards Manual. This Professional Standards Manual is designed to ensure that licensees have the information they need to. British Gas Boiler Fault Finding Software Bugs PopularReal Estate Council of British Columbia – Professional Standards Manual – All Content. Introduction. 1. About the Professional Standards Manual. This Professional Standards Manual is designed to ensure that licensees have the information they need to carry out their duties under the Real Estate Services Act (RESA). The Council has developed the material in this manual with the participation of real estate licensees and it has been thoroughly reviewed and approved prior to publication. As a licensee, you can use the information in the Professional Standards Manual to: Better understand your professional obligations. Manage challenges or answer questions that arise in your professional practice.
Support your ongoing development of knowledge, skills, and professional competence. Licensees are expected to be knowledgeable about the Professional Standards, and are responsible for keeping up to date with additions and revisions to this information. The laws, regulations and policy rulings affecting real estate matters are subject to constant and continuing change, and information in the Professional Standards Manual is revised to keep pace with these changes. Licensees have a duty to keep themselves up- to- date by reading the Report from Council newsletter, which includes reports on any major regulatory changes and revisions or additions to information in the Professional Standards Manual. Fake News Papers Fake News Videos. A Few Abbreviations. ![]() If in doubt about any information in the Professional Standards Manual, licensees should contact their managing broker or the Council for guidance. The Council values any comments and suggestions from licensees about the content in this manual. If you would like to provide feedback on anything you read in this manual, you can email the Council at info@recbc. About the Real Estate Council of BCThe Real Estate Council of BC is a regulatory agency established by the provincial government. Its mandate is to protect the public interest by enforcing the licensing and licensee conduct requirements of the Real Estate Services Act (RESA). The Council is responsible for licensing real estate representatives, associate brokers, managing brokers, and brokerages engaged in real estate sales, rental property management, and strata management. The Council also enforces entry qualifications, investigates complaints against licensees, and imposes disciplinary sanctions under RESA. The Council is responsible for ensuring that the interests of consumers who use the services of real estate licensees are adequately protected against wrongful actions by licensees. A wrongful action can be deliberate, or may be the consequence of inadequate exercise of reasonable judgement by a licensee in carrying out the normal duties and responsibilities as a licensee while acting for the parties involved in the transaction. The Council also determines the appropriate education in real estate matters for individuals seeking to be licensed as real estate practitioners and arranges for licensing courses and examinations as part of the qualification for licensing. Under the authority of the Council, licensing courses are conducted by the University of British Columbia's Sauder School of Business, Real Estate Division, Vancouver. Index to Clauses. Looking for a clause to include in a Contract of Purchase and Sale? Use the index below to locate the clause you need. Simply click on the grey arrow beside each heading to view a list of the clauses in that category. Clicking on a clause title will take you to the section of the Professional Standards Manual where the clause can be found. Clauses within the Professional Standards Manual are easily identifiable: just look for the boxed text. You'll also find useful practical tips about how, when and why to use the clause, along with detailed information about the topic. General Information. Overview. The Real Estate Services Act (RESA) came into force on January 1, 2. RESA replaced Part 1 of the Real Estate Act. The Real Estate Development Marketing Act replaced Part 2 of the Real Estate Act. In addition to RESA, Regulations, Bylaws, and Rules were also enacted. RESA sets out general requirements, such as when a licence is required, the levels and categories of licence, the role of the Real Estate Council of British Columbia (the Council), and the role of the Superintendent of Real Estate. RESA also contains general provisions relating to the holding of trust money and discipline, as well as provisions relating to the creation or continuation of other related bodies such as the Real Estate Foundation of British Columbia, Real Estate Errors and Omissions Insurance Corporation, and the Real Estate Compensation Fund Corporation. Regulations are approved by Order in Council and contain exemptions from licensing and other technical provisions relating to the operation of RESA. The Rules, which are drafted by the Superintendent of Real Estate, establish standards in relation to requirements placed on licensees. Bylaws are drafted by the Council. The Bylaws relate to the operation of the Council and address matters such as the forms required to apply for or renew a licence or to file an accountant’s report. Licensees should therefore be familiar with the provisions of not only RESA, but also the Real Estate Services Regulation and Rules. The purpose of RESA is to protect the public by ensuring that real estate licensees are competent and that they perform their work to certain standards. RESA requires that, unless a person is exempted, a licence is obtained before a person provides real estate services to or on behalf of another for remuneration. RESA defines . Trading services includes a number of services, associated with the listing, selling, and leasing of real estate, such as advising on the appropriate price for real estate, finding real estate for a party to acquire, finding a party to acquire real estate, showing real estate, presenting offers, and receiving deposits. As a result of including strata management within the definition of . The Superintendent of Real Estate is able to amend and create new Rules in order to respond to changes in the real estate environment. Exemptions From Licensing. The Real Estate Services Regulation contains various exemptions from the requirement to obtain a licence before providing real estate services. Exemptions exist in relation to the general need for licensing under the Act, and in relation to specific activities.(a) General Exemptions. A general exemption exists for all employees who provide real estate services on behalf of their principal, as long as the person does not provide real estate services on behalf of any other principal. In addition, a general exemption exists for those who may provide real estate services in the course of their business as a collection agent. General exemptions also exist for those who may provide real estate services in relation to mines and various resource development properties. The government and government corporations are generally exempt from the need for licensing under RESA.(b) Exemptions Relating to Trading Services. The Real Estate Services Regulation also contain exemptions from the need for licensing for the provision of trading services in certain circumstances. Employees of developers may provide trading services on behalf of a developer without the need for licensing under specific circumstances. The trading services must be provided in relation to the marketing of a development unit as defined in the Real Estate Development Marketing Act. A development unit includes a subdivision lot, strata lot, cooperative interest, time share interest, shared interest in land, or a leasehold unit. The trading services must be provided on behalf of the developer or developers of the development unit and the individual must be an employee of the developer or developers or an employee of a holding company of one or more of the developers. The individual may not provide trading services on behalf of anyone other than the developer, the holding company, or another developer that is a subsidiary of the holding company. The individual must disclose to every potential buyer other than the developer, that the individual is not licensed under RESA, who the individual is employed by, and on whose behalf the individual is acting. Notaries are exempt from the need for licensing in relation to providing trading services as long as the services are provided in the course of and as part of the provision of services permitted under the Notaries Act. Similarly, a practising lawyer, as defined in the Legal Profession Act, is exempt from licensing in respect of real estate services provided in the course of the person’s practice. Section 3(3)of RESA also provides exemptions for: a person acting under the authority of a court; a trustee in bankruptcy, custodian, receiver, receiver- manager, or liquidator who is appointed under a provincial or federal enactment, in respect of real estate services undertaken by the person in that capacity; an executor or administrator of an estate, in respect of real estate services provided in relation to real estate owned or held by the estate; a trustee, in respect of real estate services provided under the terms of a will, marriage settlement, or deed of trust; anda financial institution that has a trust business authorization under the Financial Institutions Act, in respect of real estate services provided in relation to real estate that it owns, holds, or administers. An accountant who is qualified to practise public accounting as a CA, CGA, or CMA, and who provides trading services in relation to the purchase and sale of a business, is exempt from the need for licensing as long as both the purchase, sale, and the trading services arise in the course of the practice of public accounting. Appraisers and property inspectors who provide trading services are exempt from the need for licensing if the appraisal or inspection is provided in the course of the person’s business. Theresa May's Government Announces Plan to Thwart All Porn- Viewing Minors by April 2. Malfunctioning Dalek and British Prime Minister Theresa May, fresh off of securing the support of the far- right Democratic Unionist Party, has reportedly set a timetable for her government’s plan to force all porn sites operating in the U. K. The technical details of the plan—which is essentially an attempt to defeat the ingenuity of every horned- up teenager from Inverness to Southampton—are not yet apparent. But the British Board of Film Classifications would gain the power to fine sites which operate in defiance of the new regulations up to . For example, social media sites like Twitter or Reddit could be classified as “ancillary service providers” if users can obtain pornography on it, though parliamentary under- secretary for culture, media, and sports Lord Ashton said the government would seek a “consensual regime” with those sites. While major sites like Pornhub will likely have little choice but to comply with the regulations, easy ways for anyone to get around the verification system could include using a VPN, trading pornography on file- sharing sites, or simply finding one of the innumerable smaller sites which slip under the BBFC’s radar.
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