- Real Estate
- Mortgage Brokers
- Pension Plans
- Financial Institutions
- C.U. Deposit Insurance
Independent Advisory Group on Real Estate Regulation - Consultation
Website for the Independent Advisory Group: www.advisorygroupbc.ca
The public is invited to submit comments and ideas to:
The Superintendent of Real Estate is chairing the independent Advisory Group. Her office also 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.