Contract Changes Benefit Real Estate Consumers
Recently, The Real Estate Association and Provincial Government made some changes to the way contracts are to be written, below is there publication.
Vancouver, BC – May 10, 2016. Consumer awareness took a step forward with the announcement of new requirements for real estate contracts.
Following on a promise made by Premier Clark in March, as of May 16, 2016 the government will require contracts prepared by real estate licensees to include clauses stating that the contract cannot be assigned without the written consent of the seller, and that any profit from an assignment goes to the initial seller. Clients can instruct licensees to omit or change the clauses.
“Real estate consumers now have…