NEW REAL ESTATE RULES COMING IN JANUARY...HBRP Home Buyer Rescission Period

NEW REAL ESTATE RULES COMING IN JANUARY…HBRP Home Buyer Rescission Period

What is HBRP?

The HBRP provides buyers an opportunity to rescind their contract to purchase certain residential properties up to three business days after an offer is accepted with a financial penalty. This rescission period applies to residential real property transactions regardless of whether a real estate licensee is involved in the transaction and cannot be waived by the buyer or the seller.

NEW REAL ESTATE RULES COMING IN JANUARY...HBRP Home Buyer Rescission Period

Check out the BC Government. Website link below explaining their HBRP with their Consumer Guide

https://www.bcfsa.ca/public-resources/real-estate/consumer-resources/home-buyer-rescission-period-consumer-guide

NEW REAL ESTATE RULES COMING IN JANUARY…HBRP Home Buyer Rescission Period