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Disclosure Of Representation In Trading Services (DORTS) For Realtors In BC

Disclosure of Representation in Trading Services (DORTS) for Realtors in BC

 The Disclosure of Representation in Trading Services is a new document as part of the June 15, 2018, changes to the Real Estate Services Act in British Columbia and a partial replacement of the previous Working with a Realtor form. The basic idea behind Disclosure of Representation in Trading Services (DORTS) is to inform a client of a Realtor—both sellers and buyers—what their rights are in the relationship, and the duties and responsibilities the Realtor owes to their client. The Benefits of Representation When considering a real estate transaction, consumers must decide if they wish to be a Client…

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Vancouver First Time Home Buyers Advice Episode 4 – How to Efficiently Search for Properties

 Research Tools for Searching for Real Estate Property Listings in Vancouver Updated May 3, 2019 by Mike Stewart PREC So you've hired a Realtor in Episode 3: How to Hire a Realtor. Now its time to put them to work! Nobody likes to waste time. In this Episode we will talk about how to efficiently search from a home with the assistance of a Real Estate Agent. Let get started! Get Some Good Real Estate Research Tools - Private Client Services Your Realtor will have some great web-based real estate research tools, like Private Client Services (PCS) that will…

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What is a Pre-Sale in Vancouver Real Estate?

 Pre-Sales in Vancouver, British Columbia Canada Open the Georgia Strait or any other local paper and you'll notice advertisements for apartments and condos. Most of these places don't yet exist. Why? Because they are pre-sales! What is a Pre-Sale? A pre-sale is when a Developer sells a Buyer a property before that property is built or completed. The Buyer purchasing the pre-sales is buying the right to a completed property that will be built in future. In the UK and elsewhere Pre-Sales are referred to as Off Plan Investments. Why do people buy Pre-Sales? Pre-sales are popular with investors…

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Multiple Offer Situations For Buyers!

Multiple Offer Situations for Buyers What are they? A Multiple Offer Situation is when more than buyer wants to present an offer on a property at the same time. The relationship between buyer and seller goes from a negotiation to an auction, with the highest bidder winning. The Buyers have to compete to get an accepted offer. 3 Ways a Buyer can Win in a Multiple Offer Situation! 1) Hire a good Realtor who specialises in the type of property or area you are interested in. Ask them how many times their buyers have been successful in a multiple offer…

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