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Announcement: Real Estate Regulation in BC
Government Announcement on Real Estate Regulation
Vancouver, BC- Yesterday, the BC Government announced their intention to end self-regulation in the real estate industry and to establish a dedicated Superintendent of Real Estate. The Council is ready, willing, and able to work with Government to implement the steps that have been announced.
As these changes happen, the Council continues to enforce the licensing and licensee conduct requirements of the Real Estate Services Act to the fullest extent of its mandate, by:
- reviewing and processing licence applications
- auditing brokerages
- investigating complaints against licensees, and
- imposing disciplinary sanctions under the Act.
On Tuesday, the Real Estate Council of BC released its Independent Advisory Group’s Final Report. This report details 28 far-reaching recommendations to enhance consumer protection, all of which the Council fully supports.
In the weeks ahead, we will keep you informed with further details about the implementation of recommendations in the report, and the measures announced by government.
For more information:
This information is provided to you by the Real Estate Council of British Columbia.
Your feedback is always welcome and can be sent to info@recbc.ca.
