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November 2014
REIBC News
Great News!
In the Expropriation Act Regulation there is a list of people who are able to be used for appraisals for the purposes of expropriation. The regulation reads as follows:
For the purpose of section 20 (3) of the Act, the following persons may prepare appraisal reports:
(a) a person designated A.A.C.I. by the Appraisal Institute of Canada;
(b) a person designated as a Certified Appraiser R.I. (B.C.) by the Real Estate Institute of British Columbia;
(c) in respect of partial takings only, a person designated SR/WA by the International Right of Way Association.
As of November 21, 2014 this listing is being changed; (b) will read:
“A person designated as an RI by the Real Estate Institute of British Columbia.”
This is indeed great news for those of you who have your RI with the appraisal option.
North Fraser Fall Pub Night
Thanks to everyone for joining us at the North Fraser Fall Pub Night on Thursday, Nov. 20th, 2014. It was a great turnout. The venue, food and conversation was wonderful! Best of all, we got to be the VIP's! Be on the lookout for upcoming Spring Events which will include a February Pub Night, another joint IRWA Lunch, and a Movie or Bowling Event. ~ Tina Lee, North Fraser Chapter Chair
Fraser Valley Chapter: Hockey Night in Langley
Justin Szeto scored twice including the game winner and Marcus Vela had a three point night as the Langley Rivermen defeated the Surrey Eagles 5-2 at the Langley Events Centre on Friday November 21st.
The Rivermen came out of the gates slow, giving up the game’s first goal as Chase McMurphy scored on the power play in the first period to give the Eagles a 1-0 lead. Langley would answer thanks to defenseman Jake Kearley deking out two defenders and scoring on a breakaway past Daniel Davidson.
It was a very fun night, we enjoyed snacks and the view from our box suite was great. Thank you to everyone who came and helped organize the event! ~ Russell Cooper, Fraser Valley Chapter Chair
Canadian Anti-Spam Legislation
CASL stands for Canadian Anti-Spam Legislation. This legislation went into effect on July 1, 2014. It imposes limits on who you can send commercial emails to and imposes stiff fines for each infraction. Commercial emails are defined as those which promote, offer, or advertise any commercial activity.
The CASL grants implied consent for you to send emails of a commercial nature to anyone who in the past two years has been a member of your organization, or anyone who in the past two years has purchased good or services from your organization, such as an event registration. For everyone else, you must obtain express consent from a clearly explained opt-in form, before you can send them commercial emails.
We thought we would share this with you so that you have the information on the new legislation.
E&O Insurance
REIBC has put in place a great rate for E&O Insurance. Are you doing depreciation reports? Do you require E&O Insurance?
If you are interested in E&O insurance don't delay. Check out our website here to find further details. Member News
REIBC student members received the BCIT In-Term Achievement Awards
On November 5, 2014 BCIT held their Entrance Awards Fall Scholarship and Awards Ceremony as part of BCIT's 50th year celebration. Some of our student members from the BCIT Real Estate Association received the In-Term Achievement Awards from different organizations, including the REIBC. Below are the student recipients and participating organizations for the Marketing Management Professional Real Estate category.
- Liam Boultbee and Ryan Jensen - Building Owners and Managers Association of BC, Gerry Thompson Memorial Award
- William Dunbar Stuart - Madison Pacific Properties Inc. Award in Professional Real Estate
- Teresa Barker - Real Estate Council of British Columbia Award in Professional Real Estate
- Chantal Sheung Yi Lo - Real Estate Institute of BC, Bob Mikitka Memorial Award
- Stuart Macaulay - Y.P. Heung First-Year Achievement Award in Real Estate
Congratulations to BCIT on its 50th year and to all the student recipients of BCIT - Interm Achievement Awards!
Bob Mikitka Memorial Award
REIBC Executive Director, Brenda Southam presenting the REIBC Bob Mikitka Memorial Award to Chantal Lo, 2nd year student of Real Estate Marketing and member of BCIT Real Estate Association and REIBC.
Nathan Worbets, RI
Our heartfelt congratulations go to Nathan Worbets and his wife on the birth of their beautiful baby girl! A mini Nathan, Halle Kathleen was born on November 7th weighing in at 8 lbs 1 oz.! This is baby #2 for Nathan and his wife!
Nathan was President of the REIBC in 2011-2012.
Industry News
AIC-BC Newly Elected President, Douglas Janzen, AACI, P.App of Chilliwack, BC
At the AIC-BC Directors Meeting on October 3, 2014, Douglas Janzen, AACI, P.App of Chilliwack, BC was elected President of the British Columbia Association of the Appraisal Institute of Canada for a one year term. The Association congratulates Douglas Janzen, AACI, P.App, of the Fraser Valley Chapter of the BC Association of the Appraisal Institute of Canada.
Douglas has been employed by Farm Credit Canada in account management and security valuation roles across western Canada for over 25 years. Farm Credit Canada, a crown corporation, is our nation’s largest agricultural term lender whose purpose is to enhance rural Canada by providing specialized and personalized financial services to farming operations, including family farms. Douglas received his Bachelor of Science in Agriculture from the University of Manitoba in 1985, obtained a Professional Agrologist designation in 1990 and was awarded his AACI in 2002. Douglas has previously worked in the private sector and is also a third generation farmer in the Fraser Valley. Douglas has served on the Fraser Valley Chapter executive since 2006 and has been extensively involved in various community and other organizations.
The BC Association of the Appraisal Institute of Canada is the provincial association of professional real estate appraisers. With approximately 1,000 members, the provincial association is affiliated with the national Appraisal Institute of Canada and comprises eight chapters throughout BC.
Members are awarded designations after completing extensive education, applied experience, guided case studies and final examinations. Members are governed by the Canadian Uniformed Standards of Professional Appraisal Practice. A strict code of Ethics ensures that all members maintain high standards in appraisal assignments.
Professional designations conferred by AIC are: AACI, P.App, and CRA.
AACI, P.App – Accredited Appraiser Canadian Institute, Professional Appraiser
CRA – Canadian Residential Appraiser.
For further information: Janice O'Brien, Executive Director of AIC-BC
info@appraisal.bc.ca
Civil Resolution Tribunal
On November 17, 2014 Shannon Salter, Chair of Civil Resolution Tribunal (CRT) has launched and implemented a website for BC's Civil Resolution Tribunal, Canada's first online tribunal. The website provides the basic information about the CRT's opportunities to provide construction input online. The goal of this website is to help people with their small claims and strata property disputes.
For more information, please visit the website of the Civil Resolution Tribunal. You will also find more information about this in the Winter 2015 edition of Input.
Advertising & Sponsorship
We continue to reach out to our members and various industry colleagues for event sponsorship. With several events taking place year-round there is always an opportunity to meet your marketing needs.
We are currently working towards our 2015 Educational Symposium- Embracing Diversity. This event will be taking place on March 26, 2015 at UBC Robson Square Campus. A trade show will be a part of the event.
The REIBC has created a comprehensive sponsorship and trade show package.
Call Maggie at 604-685-3702 ext. 103, or e-mail marketing@reibc.org today to learn about our various new options.
Board Report
The October Board of Governor’s meeting was held on November 6th 2014. The following is a summary of what was discussed at the meeting:
- The board approved that the Branding and Marketing task force will be a committee of the Executive Officer.
- The board also approved a policy change regarding the Executive Officer performance evaluations. They will now be conducted with the President and Past President.
The upcoming REIBC 2014 President’s Luncheon on December 4th 2014 is just around the corner, everyone is looking forward to this great event.
We are looking for more recommendations for this year's choice for Honorary Member as well as Award of Excellence members. Information on submissions can be found at www.reibc.org
Respectfully submitted by:
Daniel John
Governor – Vancouver District
REIBC Upcoming Events
REIBC 2014 President's Luncheon
December 4, 2014
Registration ends at 5p.m. Monday December 1st!
Register NOW! Don't Miss out!
PLUS, bring your business cards to enter a draw to win some Canucks Tickets!!!
Guest Speaker: Shayne Ramsay, CEO of BC Housing
"Where private and public overlap: innovative affordable housing partnership in B.C."
11:30 a.m. - 1:30 p.m.
Four Seasons' Hotel, 791 West Georgia St., Vancouver
Register Now
2015 REIBC Education Symposium - "Embracing Diversity"
Keynote Speaker: Ryan Berlin, Director Urban Futures
UBC Robson Square
REIBC AGM/Recognition Dinner
June 11, 2015
AGM at 5:00 p.m. - 6:00 p.m.
Recognition at 6:00 p.m. - 9:30 p.m.
Four Seasons Hotel, 791 West Georgia St., Vancouver
Save the date!
Watch for registration
REIBC Annual Charity Golf Tournament
June 24, 2015
Northview Golf & Country Club, 6857 168th St., Surrey
Save the date!
Watch for registration
Upcoming Chapter Events
REIBC Vancouver Chapter Holiday Reception
December 10, 2014 - 4:30 p.m. - 7:30 p.m.
Terminal City Club, 837 West Hastings St., Vancouver
Registration ends December, 2014 at 5:00 p.m.
Register Now
Industry Events
CMHC
2014 Housing OUtlook Seminar - Fraser Valley
December 2, 2014 - 8:00 a.m. - Noon
Special Guest speaker: Steve Dunton, Chair of Habitat for Humanity for Upper Fraser Valley; speakers also include Regional Economist Carol Frketich, Senior Market Analyst Robyn Adamache, Mark Belling CEO of Fifth Avenue Real Estate Marketing and Scott Brown, President Fifth Avenue Real Estate Marketing. Langley Events Centre, 7888 200 St., Langley BC
Register here
IRWA
IRWA Christmas Luncheon
December 3, 2014 @ 11:30 a.m.
Special Guest: Carey Johannesson
Synopsis: Trans Mountain Pipeline Expansion Project
River Rock Casino Resort, 8811 River Road, Richmond
More info
MIABC
The Mortgage Investment Association of BC has agreed to offer a special promotional rate for May 2015 MIABC luncheon to all REIBC members. REIBC members will be entitled to the standard MIABC rate. REIBC members simply need to sign up online and enter the promotional code REIBC.
2014 Winter Holiday Social
December 9, 2014 - 11:30 a.m. - 2:00 p.m.
Terminal City Club, 837 West Hastings St., Vancouver
More info
January 2015 Luncheon - Helmut Pastrick, Central 1 Credit Union
January 20, 2015 - 11:45 a.m. - 1:30 p.m.
Terminal City Club, 837 West Hastings St., Vancouver
More info
March 2015 Luncheon - Cameron Muir, BCREA Chief Economist
March 17, 2015 - 11:45 a.m. - 1:30 p.m.
Terminal City Club, 837 West Hastings Street, Vancouver
More info
May 2015 Luncheon - Peeter Wesik, President of Wesgroup Properties
May 19, 2015 - 11:45 a.m. - 1:30 p.m.
Terminal City Club, 837 West Hastings Street, Vancouver
More info
NAIOP
December Lunch Meeting with an Icon Speaker - 2014
December 9, 2014 - 11:30 a.m. - 1:45 p.m.
Fairmont Waterfront Hotel, 900 Canada Place Way, Vancouver BC
More info
UDI
Quest Innovation to Implementation Conference & Tradeshow
December 1, 2014 - December 3, 2014
Westin Bayshore, 1601 Bayshore Drive, Vancouver
More info
U40 Leadership Breakfast with Peeter Wesik
December 11, 2014 - 7:30 a.m. - 9:00 a.m.
The location will be disclosed to the lucky guests
More info
UDI Vancouver - December Reception
December 11, 2014 - 5:00 p.m. - 7:00 p.m.
Waterfront Ballroom, Fairmont Waterfront Hotel, 900 Canada Place, Vancouver
More info
UDI Vancouver Lunch - Forecast 2015
January 22, 2015 - 11:00 a.m. - 2:00 p.m.
Hyatt Regency Hotel, Regency Ballroom (3rd Floor), 655 Burrard St., Vancouver
More info
ULI
Gathering of the Minds Kelowna
December 4, 2014 - 7:30 a.m. - 8:30 a.m.
Bean Scene, 274 Bernard Avenue, Kelowna
More info
ULI BC Speaker Series for Students @ SFU
January 13, 2015 - 6:30 p.m. - 8:00 p.m.
SFU Harbour Centre, 515 West Hastings St., Vancouver
More info
Career Opportunities
Senior Property Administrator _ Port Metro Vancouver
Leasing & Portfolio Manager - BC Housing
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