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Advisory
- Date
- 11 December 2024
- Advisory Number
- 24-043
- Distribution
- Real Estate Professionals
Purpose
The purpose of this advisory is to inform current and prospective real estate licensees of changes to the suitability and reputation questions on licence applications for individuals.
Additional information
Effective December 10, 2024, a new question has been added to various licence applications for individuals. The new question requires current and prospective licensees to disclose whether they have been, or presently are, the subject of an investigation or disciplinary proceedings by an industry association (e.g., a local, provincial, or national real estate board or association) in B.C. or another jurisdiction.
Given the similarities between the Realtor® Code and related standards of professional conduct set by local, provincial, and national real estate boards and associations on the one hand and the Real Estate Services Rules set by BCFSA on the other, industry-led investigations and disciplinary outcomes may be relevant to matters under BCFSA’s authority. The new question clarifies BCFSA’s long-standing expectation that the outcomes of industry association disciplinary processes must be disclosed on licence applications to support a comprehensive assessment of the suitability, reputation, and fitness for licensing of current and prospective licensees, pursuant to section 10 of the Real Estate Services Act.
Licensees are reminded that they must answer this question honestly and candidly, as would be required with any statement made to BCFSA in a regulatory matter.
For questions in respect of licensing applications, renewals, or amendments, please e-mail licensing@bcfsa.ca.