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Commission Remuneration

Vancouver Buyers Agents Disclose Real Estate Commissions in Writing! The Disclosure of Remuneration Document

 Disclosure of Remuneration: What is that? Updated May 3, 2019 How a Realtor gets paid and by whom is always a source of interest in Vancouver. Want to know EXACTLY How Much? Check out this great Realtor Commission Calculator for Sellers! In British Columbia, Buyers Agents (ie Real Estate Agents who are representing a Buyer) must disclose in writing to the Buyer they are working with, how much they are being paid and by whom when they are preparing an offer or Contract of Purchase and Sale for a Buyer. The Buyer should know who is paying their Realtor,…

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Vancouver Real Estate and FINTRAC

 FINTRAC - What is it? FINTRAC stands for Financial Transactions and Reports Analysis Centre which is where the Government of Canada monitors financial transactions, including Real Estate to fight terrorism and money laundering. What does FINTRAC have to do with Vancouver Real Estate? Vancouver Real Estate costs a lot of money and the Federal Government does not want this money to be coming from or going to criminals or terrorists. In 2008 the legislation that created FINTRAC was amended to require Realtors across Canada to ascertain the identity of their clients. When buying or selling Real Estate in Vancouver…

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