Recommendations for Real Estate Regulation in BC: Final Report

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Report of the Independent Advisory Group on Real Estate

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The Independent Advisory Group charged with examining the current regulatory framework for real estate in BC has submitted their final report to the Real Estate Council of BC.

Information for members of the public and licensees about the Council’s plans and timeline for implementation of the recommendations will be made available in the coming weeks.

The report includes 28 recommendations that will enhance consumer protection and strengthen public confidence in the regulation and practices of licensed real estate professionals in BC. The Council supports all the recommendations, which will enable us to better serve the interests of the public and regulate the conduct of licensees.

“The recommendations presented today are broad, meaningful, and timely,” said Council Chair Marylou Leslie. ” Our job, and our top priority now, is to thoroughly review the recommendations and work in partnership with Government and the relevant trade associations to establish timelines for efficient and effective implementation.”

The recommendations cover four areas of focus: transparency and ethics; compliance and consequences; governance and structure; and licensee and public education.The final report is available online at the Council’s website, and on the website of the Independent Advisory Group:advisorygroupbc.ca.

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.