Strata Corporation Documents - including but not limited to two (2) years of strata council minutes and strata corporation minutes, registered strata corporation by-laws, financial statements, registered strata plans, information concerning special assessments, either proposed or levied, and a current Information Certificate (Form “B”).

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Representatives from Greater Vancouver REALTORS® (GVR), along with the Fraser Valley and Chilliwack real estate boards, have finalized a series of changes to the Rules of Cooperation, which will take effect on August 1, 2024.

Since we announced these changes, we’ve received a few questions about the new rules. To help you understand how these changes will affect your business, we’ve put together an FAQ explaining the new rules.

What changes are coming to the Rules of Cooperation?

There are seven key changes coming to the Rules of Cooperation:

• All members will need to communicate with each other in a timely and effective manner.

• Members are responsible for the actions of their unlicensed assistants, administrators and employees.

• Members are accountable for upholding the reputation of the profession.

• Brokers will have an obligation to report completion date changes.

• Listings that are part of a residential land assembly are exempt from CREA’s REALTOR® Cooperation Policy that specifies that all Realtors across Canada must place their residential listings on the MLS® System within three days of public marketing.

• Manufactured, modular, and park model homes must have a photograph of the CSA or BC Electrical Inspection label must be posted as an associated document to their listing.

• Members must have, or order, a current Information Certificate (Form B) before they post a strata listing to the MLS®.

When will the new amendments to the Rules of Cooperation come into effect?

The changes will be effective August 1, 2024.

Why are we updating the Rules of Cooperation?

The changes are a key part of our ongoing work to raise standards in the profession and implement recommendations from our professionalism white paper.

These amendments clarify areas of confusion and, most importantly, eliminate behaviour and practices that commonly frustrate members.

Will Realtors need a Form B in hand before a listing goes live?

No, like with strata documents under the current rules, the Form B doesn’t have to be in hand when the listing goes live, but you must have proof that those documents were ordered.

Simply put, under the amended rules, the Form B will be included in the list of documents that must be ordered up front before a listing goes live.

How will these rules be enforced?

If you encounter someone who chooses to disregard their professional obligations, we want to hear about it. We encourage members to hold each other accountable by reporting misconduct to concerns@gvrealtors.ca. 

Do these changes only affect GVR members?

Once implemented, these changes will be required standards for all Lower Mainland Realtors.

Where can I read more about these rules?

• Read the full wording of the changes

• Review a side-by-side comparison of the previous and new standards