Here it is! Real Estate TKO Episode #3...we are still working through creating a permanent set that aligns with the content and theme of Real Estate TKO. We want to keep pumping out the content each week anyways as we feel that is the true value... Harmonized Sales Tax - The
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BC Government has decided to combine the PST & GST into one tax which now adds the 7% PST to items that it wasn't applied to in the past. This includes Real Estate commissions, Real Estate legal fees including Notary Public fees, home inspections and appraisals. Age Restrictions in Strata Bylaws - A couple in Coquitlam bought into a condo building with a bylaw stating no one under 19 years old may live there with no plans to have a child anytime soon. Unfortunately they are now expecting a child, it is important to understand they did not intend to become pregnant, and have been informed the may not bring the baby to live in the building. They now have to sell and for less than they paid due to the market shift and are trying to appeal this decision. Realtor Penalties - The Real Estate industry is somewhat self regulating and many feel the consequences assigned by the Real Estate Board for violations may not be adequate. Just Listed Post Cards - Many Realtors mail out a post card for each new listing advising residents in a specific area that the property is listed. This is done to both market the property and the Realtor. Do they work?
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