Real Estate

Real Estate Services

Independent Advisory Group on Real Estate Regulation
Website for the Independent Advisory Group:
The Superintendent of Real Estate chaired the Independent Advisory Group, which issued on June 28, 2016 a Final Report.


ALERT: September 15, 2016 - New Actions Against Unlicensed Real Estate Services in BC

Real Estate Services Act

The Superintendent of Real Estate protects consumers from unlicensed real estate services activity under the Real Estate Services Act and Regulations.

In British Columbia, providers of real estate services (for example, sales, leasing, rental management, strata management) must be licensed with the Real Estate Council of British Columbia unless otherwise exempted from licensing requirements.

Consumers that use the services of an unlicensed real estate services provider are not protected by the Act, which requires that real estate service providers carry errors and omissions insurance, manage funds through trust accounts, meet educational and professional standards, and are subject to a licensing and regulatory framework administered by the Real Estate Council.

The Superintendent may appeal disciplinary decisions of the Real Estate Council to the Financial Services Tribunal, or pursue regulatory action against licensees in the event of serious harm to the public interest.

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