Homeowner Protection Act: Protecting your Sellers and Yourself
REBGV Staff
REBGV
REALTORS® list and sell thousands of homes every year that are under 10 years of age affected by the Homeowner Protection Act. In fact, one in every four detached property listings and one in every two attached property listings are possibly affected.
Many of these homes are non-compliant, which could mean fines, compliance orders, court injunctions, claims from clients, BCFSA discipline, or even jail time.
Can you identify what factors determine how and whether the Homeowner Protection Act affects a property you’re listing or selling?
Can you differentiate between a Spec Home and a Custom Home and how they are each treated by third party insurers?
Did you know that the Homeowner Protection Act may also apply to foreclosures, substantially reconstructed (renovated) properties, and designated heritage homes?
To help you ensure your listing is compliant and the sale is legal, protect yourself with knowledge. Take this course to get crucial information and training on how to successfully prepare Sellers to comply with HPA statutory requirements, including avoiding key risks such as monetary penalties and cancellation of warranty.
Learning Objectives
By the end of the session you will be able to:
Identify what factors determine whether a property is affected by the Homeowner Protection Act.
Differentiate between a Spec Home and a Custom Home and how they are each treated by third party insurers.
Describe what REALTORS® should verify prior to listing a property affected by the Homeowner Protection Act and where to find this information.
Successfully prepare Sellers to comply with HPA statutory requirements, including avoiding key risks such as monetary penalties and cancellation of warranty.
Upcoming Courses
Date Time Instructor Cost Remaining Seat Location
Wed, Aug 18, 2021 09:30 AM – 03:30 PM Kevin Brown $150.00 37 Online course or webinar zoom REGISTER
Wed, Sep 15, 2021 09:30 AM – 03:30 PM Kevin Brown $150.00 44 Online course or webinar Zoom REGISTER
Cancellation Policy:
To be eligible for a full refund, verbal or written notice of course cancellation, withdrawal and/or transfer must be received by the Real Estate Board of Greater Vancouver (REBGV) Member Services (604-730-3090 or memberservices@rebgv.org) before the stated deadline, at least 2 business days (excluding Saturday, Sunday and statutory holidays) prior to the commencement of your course or event unless otherwise stated.
Registrants whose cancellation, withdrawal and/or transfer notices are not received prior to the published course or event cancellation deadline are liable for the entire course fee.
Some “free” courses or events impose a cancellation fee if notice of cancellation is not received before the published deadline.
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