Residential Real Estate Conference 2020
Course Date: December 3, 2020
Total: 6h 43min
Total Ethics: 1h 5min
Course Date: December 3, 2020
Welcome and Land Acknowledgement (9:00 – 9:10)
Practice Management in the Time of COVID-19 (9:10 – 9:50)
- COVID-19 and remote signing/social distancing
- what is still needed in person
- video-witnessing and video-conferencing
- section 49 closings
- lawyers' duties and obligations around independent legal advice
- ID and fraud
- case studies
- transactions in the time of COVID-19
- verification of funds
- verification of client instructions
- standard form undertakings
- complacency with undertakings
Timothy J. Lack — BridgehouseLaw LLP, Vancouver
Lisa Niro — Bell Alliance LLP, Vancouver
Case Law Update (9:50 – 10:10)
- summary of the Rule in Austerberry and the recent series of Crystal Square decisions regarding positive covenants
Andrew P. Morrison — Shields Harney, Vancouver
BREAK (10:10 – 10:25)
Lending (10:25 – 11:25)
- case law update
- GST priority over lenders
- best practices
Timothy J. Lack — BridgehouseLaw LLP, Vancouver
Preston Walia — Imperium Law Group, Surrey
BREAK (11:25 – 11:40)
Collapsing Deals: Don't Let Them Fall Like Dominoes (11:40 – 12:40)
- refresher on collapsing deals
- remedies available to the innocent party in a collapsing deal
- accepting the repudiation
- waiver of default through content
Andrew P. Morrison — Shields Harney, Vancouver
Lisa Niro — Bell Alliance LLP, Vancouver
LUNCH (12:40 – 1:10)
Yay, it's a Tax Update! Top 7-ish Things to Know About GST, EHT, SVT, and FBT (1:10 – 2:10)
- the shocking GST problem with shifting short-term rental units to the long-term market
- the less shocking GST problem with being nice to struggling commercial tenants
- who said what now?! GST exemption certificates and audits of non-resident sellers
- how foreign money can be used to buy homes in BC without triggering the FBT… and it's all kosher!
- why (for EHT reasons) you should try to convince only your worst enemy to buy a bare lot or an old, unliveable home in Vancouver
- are SVT late-filers up a nasty creek without a paddle?
- there's a lotta about the LOTA and other transparency measures that will impact an owner's taxes
Noah M. Sarna — Thorsteinssons LLP, Vancouver
Zheting Su — Thorsteinssons LLP, Vancouver
BREAK (2:10 – 2:25)
Insurance Issues for the Real Estate Practitioner (2:25 – 2:55)
- review of relevant recent case law
- additional insureds
- loss payees
- co-insurance
- relevant policies and policy provisions to watch out for
- risk management issues
Mark M. Skorah, QC — Guild Yule LLP, Vancouver
Recent Changes to Legislation (2:55 – 3:25)
- state of emergency
- insurance
- depreciation reports
Jennifer L. Neville — Hamilton & Company, New Westminster
BREAK (3:25 – 3:40)
Land Title and Survey Authority of British Columbia; Land Owner Transparency Registry (3:40 – 4:40)
- recent and upcoming land title policy changes
Carlos R. MacDonald — Director of Land Titles, Land Title and Survey Authority of BC, Victoriaan update on the recent launch of the Land Owner Transparency Registry
- an update on the recent launch of the Land Owner Transparency Registry
Reuben Danakody — Director and Administrator, Land Owner Transparency Registry Services, Land Title and Survey Authority of BC, Vancouver
- update myLTSA and Web Filing
Steve Carter — Manager, Customer Support, Land Title and Survey Authority of BC, New Westminster
Closing Comments (4:40 – 4:45)
Timothy J. Lack — BridgehouseLaw LLP, Vancouver
Lisa Niro — Bell Alliance LLP, Vancouver
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