Margie Chapman,
unlicensed partner

Steve Chapman,

White Rock Real Estate

Serving Clients Since 1990

South Surrey / White Rock

Main Photo: 14718 32A Avenue in Surrey: Elgin Chantrell House for sale in "Elgin Oak" (South Surrey White Rock)  : MLS(r) # R2093301 My search just found Royal Pacific Rlty. (Kingsway)'s new South Surrey listing on 32A Avenue while looking for houses for sale that are 5 years old or younger Newer houses are still under the new home owner's warranty that provides confidence that there should be no concerns about the building structure and its components. Priced at $1,499,000, this 2,717 square foot property has a total of 4 bedrooms and 4 baths. Let's meet to discuss your unique needs in a newer home. Click here for more details on this property.

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The Real Estate Council of British Columbia’s Independent Advisory Group recently released 28 recommendations that are expected to be implemented. One recommendation is that the Real Estate Council is to require licensees to fully disclose and explain their financial and non-financial incentive structures, prior to and on entering into a client relationship. The recommendation states "... that improvements to disclosure include an explanation of all commissions, fees, bonuses, volume incentives, rewards, and other forms of benefits and incentives, both financial and non-financial, that licensees receive by virtue of their participation in the transaction. Disclosure should also include how commissions may vary depending on the representations (for instance, double ending) and the ways that a licensee may be compensated by facilitating assignments of a contract for purchase and sale.
As a consumer, who wouldn't agree with this recommendation. However, if we are really focusing on the consumers best interests, why was there no mention of the discrepancy between Agent/Client disclosure for purchasers and the Agent/Client disclosure for sellers?
In addition to current disclosure requirements, sellers have listing contracts that are currently reviewed and agreed to that satisfy 90+% of this recommendation. Not so for buyers. Why? Because most buyers phone a Realtor because they want to look at properties, not to be locked-in to a contract to work with someone they just met.
It will be interesting to see how changes are implemented for purchasers because purchasers already sign client/agency and remuneration disclosure forms that disclose the difference between being a Client and being a seller's customer, and that we receive our remuneration from the seller based on a percentage of the selling price.
If purchasers object to this recommendation, it might drive purchasers to opt out of having their own Realtor in favour of being the sellers customer. And where's the purchaser's consumer protection in that?

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On June 28, the Real Estate Council of British Columbia’s Independent Advisory Group released  28 recommendations that are expected to be implemented. One recomendation is to eliminate the practice of Dual Agency in British Columbia.


Selling? Let's assume that  you have listed you home for sale and you are relying on your Realtors advice and it is going great. Lots of inquiries and showings. In fact,  due to your Realtor's excelent marketing, he has found and written an offer for a buyer who wants your Realtor to also represent them.

How can your Realtor  negotiate top dollar for you while also achieving the lowest price for the buyer?

It can't be done! So, currently, your Realtor might ask you to sign a Dual Agency form that limits your Realtor's responsibility to you.

Would you feel betrayed because you hired your Realtor to advise you throughout the entire sales process?  

In our current seller's market, this senareo can also quickly lead to potential conflicts of interest such as not encouraging backup offers, subject removal extensions, not treating competing offers fairly, and not treating you the seller and the buyer impartially. 

Considering selling? Ask me how the Dual Agency decision can affect you.

The agency disclosure that we review with our clients before listing their home for sale outlines the potential areas that might be of concern to you and we can advise you on your best strategy for selling your home for top dollar. 

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Need to Sell?

When selling your home, you need a REALTOR you can trust to assist you through every step of the process, to achieve your goal of a stress-free sale, within a reasonable time frame and for top market value. Learn how I can help you get more and better offers on your home.

Free Selling Price Estimate

When thinking of selling, you will want to know the probable selling price of your home and meeting with me will give you an opportunity to decide if you would like to hire me as your REALTOR. I'll research and then meet with you to  review recently-sold properties that are comparable to yours. 

Search Listings by Cell Phone

On your  Iphone,  Android phone or tablet, you can view new listings anytime and anywhere you are. Out for a walk, or driving your prefered neighbourhood, use your phone's GPS to get all the details on the new property that you just spotted with the new real estate sign in the front yard.

Mortgage Analysis

How much are you paying in interest over the life of your mortgage? This calculator charts interest, equity and debt. If financing will be needed, it's best to consult with a mortgage broker prior to looking for a new home. Phone me if you would like a referral to a mortgage broker.

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB. 

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