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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 has published amendments to the Real Estate Rules for feedback. These new rules are complementary to rules made on November 8, 2017 that will prohibit dual agency and enhance consumer disclosure. These rule amendments would:
- incorporate the Real Estate Council of British Columbia’s English language proficiency requirement for new applicants into the Rules;
- create a new requirement for licensees to complete continuing professional education courses from time to time, typically when significant new rules are introduced;
- designate the first continuing professional education course to be completed by trading services and rental property management licensees;
- mandate that new remuneration disclosures include a dollar amount; and,
- create new rules to address conflicts of interest where a licensee finds themselves potentially working with multiple parties that would constitute dual agency.
A copy of the annotated draft rules is located here.
Please review the proposed changes and provide feedback.
The consultation period closes on April 20, 2018 at 6: 00 pm.
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
