BC Government Announces They Will Take Over Regulation of the Real Estate Industry

Yesterday, the BC Government announced their intention to end self-regulation in the real estate industry and to establish a dedicated Superintendent of Real Estate. The Council is ready, willing, and able to work with Government to implement the steps that have been announced.

As these changes happen, the Council continues to enforce the licensing and licensee conduct requirements of the Real Estate Services Act to the fullest extent of its mandate.

On Tuesday, the Real Estate Council of BC released its Independent Advisory Group’s Final Report. This report details 28 far-reaching recommendations to enhance consumer protection, all of which the Council fully supports.

In the weeks ahead, we will keep you informed with further details about the implementation of recommendations in the report, and the measures announced by government. For more detailed information and video of Premeir Christy Clark announcing these changes go to http://globalnews.ca/news/2794768/watch-premier-christy-clark-to-make-announcement-on-regulating-b-c-real-estate-industry/

Article borrowed from: globalnews.ca

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