squircle icon

Notice: Superintendent of Real Estate Consultation on Proposed Rule Changes

Superintendent of Real Estate Consultation on Proposed Rule Changes

The Office of the Superintendent of Real Estate is requesting feedback on proposed rules governing the conduct of licensees providing real estate services in British Columbia.

The new rules address several of the recommendations of the Independent Advisory Group on Real Estate Regulation in B.C. and aim to enhance consumer protection through a number of mandatory changes to licensee conduct and practices. Key rule changes include:

  • prohibiting the practice of dual agency, except in remote and under-served locations, and
  • increasing mandatory licensee disclosures regarding representation and remuneration in order to enhance consumer education and awareness

Please review the proposed changes and provide feedback at:

http://www2.gov.bc.ca/gov/content/housing-tenancy/buying-and-selling/co…

The consultation period closes on Friday October 6 at 6pm.

Please note that these are DRAFT rules for consultation purposes only. Existing rules continue to be in effect until further notice.

Please direct questions to the Office of the Superintendent of Real Estate at OSREpolicy@gov.bc.ca.

Office of the Superintendent of Real Estate

Suite 2800 — 555 West Hastings Street, Vancouver, BC, V6B 4N6

Tel: 604 660-1883 Toll Free: 1 855 999-1883

RealEstate@gov.bc.ca

News releases

How to report fraud and cybercrime

Tags for 'How to report fraud and cybercrime'

Office building at night with some offices illuminated
Three real estate licensees penalized over conflicts of interest and brokerage oversight failures during a property sale

Tags for 'Three real estate licensees penalized over conflicts of interest and brokerage oversight failures during a property sale'

Legal consultation with scales, laptop, and gavel
Real estate licensees fined a combined $130,000 for misrepresentation and sharing confidential information

Tags for 'Real estate licensees fined a combined $130,000 for misrepresentation and sharing confidential information'

Gavel and scales on wooden desk in bright legal office
BCFSA launches industry fee review engagement

Tags for 'BCFSA launches industry fee review engagement'

Standing woman leads meeting of seated professionals