October 12, 2016 – Finance Minister De Jong announced the first 9 (of 16) appointments to be made to the Real Estate Council of B.C. This stemming from the recommendations made by the BC government’s special advisory group last June when the Premier announced, “We are going to end the right of the B.C. real estate sector to self regulate.”
“The newly-appointed Council members bring a diverse range of skills and knowledge, including regulatory experience, legal expertise and knowledge of the real estate industry”, states the Real Estate Council.
“This appointment of public interest members is intended to protect real estate consumers”, said London Pacific’s Dean Andag. Specifically, the Council will be responsible for licensing, investigating complaints, enforcing rules and disciplining licensees found to be breaching their obligations.
As of October 17th, the once self-regulating body will officially be operated by the government’s new Office of The Superintendent of Real Estate – Mike Noseworthy.
More information on this announcement and to see the full list of appointees please visit the story @ CBC.ca