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Commercial realtors caught up in assignment crackdown New rules to curb "shadow flipping" will add more paperwork to B.C.’s $8 billion commercial real estate sector, say realtors ...
Records indicate Mr. Wu then quickly assigned the contract to another buyer for $100,000 more. Mr. Davis filed a complaint with the Real Estate Council against Alban Wang of Amex Sunrich Realty ...
Among 69 projects it found 2,810 contracts that were flipped. Most pre-construction contracts bar owners from advertising an assignment sale on a real estate multiple-listing system.
The practice has a legitimate role in real estate, but 'shadow flipping' involves the assignment of contracts and the immediate resale of a home for a higher price without the seller's knowledge.
Section 8.2 (2) of the new regulations states: “This section does not apply in relation to a contract for the sale of a development unit by a developer, as those terms are defined in section 1 ...
After handing in her real estate licence in 2020 amid a misconduct investigation, Gobinder Kaur (Gina) Takhar has now had it officially cancelled following an agreement with the BC Financial ...
The Court of Appeal for British Columbia upheld the enforceability of a $25.5 million real estate contract despite the seller's lack of ownership at the time of the agreement. The dispute centred on ...
After handing in her real estate licence in 2020 amid a misconduct investigation, Gobinder Kaur (Gina) Takhar has now had it officially cancelled following an agreement with the BC Financial Services ...