BC FINALLY Makes Buying Real Estate Fair

BC REALTORs, through the BCREA, are introducing a new self imposed rule to improve real estate transactions for you the buyer and seller in the future. During the intense sellers market that we experienced in late 2021 and early 2022, it was commonplace for REALTORs to hold offers until a specified offer date via the Direction Regarding Presentation of Offers (DRPO). However, what happens when a buyer's agent presents an offer prior to the offer date, often referred to in the industry as a "bully offer"?

In this video, Surrey Real Estate Specialist Steve Karrasch of Macdonald Realty discusses the new self imposed rule that changes the Rules of Cooperation between agents effective October 17, 2022 and why this change is beneficial to both buyers and sellers in a hot sellers market.

#SurreyRealtor #SurreyRealEstate #BCREARules

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If you are looking for help or have any questions regarding real estate in Surrey, B.C. or the Fraser Valley, please reach out below using which ever way is most convenient. We also service real estate sales Langley, Delta, White Rock, Abbotsford, Mission, and more Greater Vancouver Cities.

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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.