Author: Marion Anderson

Marion Anderson Personal Real Estate Corporation: Marion specializes in helping Buyers who are considering the purchase of ski-in ski-out real estate in Whistler. Not everyone ends up with slopeside, but it is a great place to start looking. Marion has sold real estate in Whistler since 2005 and has lived in Whistler since 1993. Sutton Group - West Coast Realty, Whistler.
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How to calculate PROPERTY TRANSFER TAX?

Estimated reading time: 2 minutes

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Key Takeaways

  • Property Transfer Tax (PTT) is applied in British Columbia when purchasing real estate at closing.
  • PTT is charged for changes to property titles, including acquiring or gaining registered interests.
  • The tax rates are 1% on the first $200,000, 2% on values up to $2,000,000, and higher rates for properties above that.
  • For example, a $4,500,000 residential property incurs a PTT of $143,000 based on tiered rates.
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Why do I need to sign the REPRESENTATION form?

Estimated reading time: 4 minutes

Home » Archives for Marion Anderson » Page 8

Key Takeaways

  • Signing the Disclosure of Representation in Trading Services (DORTS) form binds the agent to four legal obligations including loyalty and confidentiality.
  • The DORTS form should be signed at the beginning of the relationship, ensuring clarity on the agency agreement.
  • Dual Agency is banned in Whistler, meaning different agents must represent the buyer and seller to ensure fair representation.
  • The BC Financial Services Authority (BCFSA) regulates the real estate in BC and imposes significant fines for non-compliance with the DORTS form.
  • The Home Buyer Rescission Period offers a ‘cooling off’ period for buyers who feel regret after making offers without conditions.
Continue reading “Why do I need to sign the REPRESENTATION form?”