Superintendent of Real Estate seeking feedback on proposed new rules for real estate industry

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The Office of the Superintendent of Real Estate (OSRE) has published amendments to the Real Estate Rules for feedback. These new rules are complementary to rules made on November 8, 2017 (PDF) that would 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.

View a copy of the annotated draft rules (PDF).

Please review the proposed changes and provide feedback. The consultation period closes on April 20, 2018 at 6:00 pm.