Real
Estate Organizations in BC
BC Real Estate Association
www.bcrea.bc.ca
BCREA represents 12 member real estate boards and their more than 18,000 REALTORS® on all provincial issues, providing
an extensive communications network, standard forms, government
relations, required post-licensing courses and continuing education.
To demonstrate the profession’s commitment to improving
Quality of Life in BC communities, BCREA supports growth that
encourages economic vitality, provides housing opportunities and
builds communities with good schools and safe neighbourhoods.
| BCREA is not responsible for the material and information
located on linked sites. |
Real Estate
Boards
There are 12 regional real estate boards throughout BC, which
serve REALTORS® by managing property listings, distributing news,
supplying standard forms and ensuring high industry standards.
Click here for a list of boards.
Real Estate Council of British Columbia
www.recbc.ca
The Real Estate Council of British Columbia is a regulatory
agency established by the provincial government. Its mandate
is to protect the public interest by enforcing the licensing
and licensee conduct requirements of the Real Estate Services
Act. The Council is responsible for licensing individuals
and brokerages engaged in real estate sales, rental and strata
property management. The Council also enforces entry qualifications,
investigates complaints against licensees and imposes disciplinary
sanctions under the Act.
Superintendent of Real Estate
www.fic.gov.bc.ca
The position of Superintendent of Real Estate is identified
in the Real Estate Services Act and the Real Estate
Development Marketing Act, and the provincial Minister
of Finance appoints a public servant to this position.
Currently, the individual that serves as the Superintendent
also serves in several other statutory roles, including the
Registrar of Mortgage Brokers and the Superintendent of Financial
Institutions, and is the Chief Executive Officer of the Financial
Institutions Commission (FICOM).
Financial services in British Columbia are regulated by FICOM.
It administers a total of 11 statutes, including the Real
Estate Development Marketing Act.
The Real Estate Foundation of British
Columbia
www.realestatefoundation.com
The Foundation is a philanthropic body that provides financial
support for real estate-related projects, such as public and
professional education, law reform and research. It is funded
through interest from unassigned trust deposits held by real
estate brokerages, and uses the funds to provide grants for
non-profit and charitable activities related to real estate
and land use.
Real Estate Errors and Omissions
Insurance Corporation (REEOIC)
REEOIC pools the assessments paid by real estate licensees
in a fund that is used to pay the costs of defending and indemnifying
licensees against professional liability claims. The Real
Estate Services Act requires every real estate licensee
to participate in REEOIC’s program. REEOIC’s assessments
are collected by the Real Estate Council of British Columbia
when licenses are issued or renewed.
Real Estate Division (RED), Sauder
School of Business, UBC
www.sauder.ubc.ca/realestate
RED offers a comprehensive range of industry-driven programs
that serve the needs of the real estate community locally, nationally
and internationally. Ongoing collaboration between industry
professionals and faculty experts results in a state-of-the-art
curriculum that blends theory and practice.
Real Estate Institute of British
Columbia (REIBC)
www.reibc.org
REIBC is an organization of diversified professionals that advances
high standards of education, knowledge, professional development
and business practice in all sectors of the real estate industry.
Real Estate Brokers Association (REBA)
www.reba.ca
The Real Estate Brokers Association (REBA) is a Society committed to providing a unified voice for Brokers throughout the Province. Brokers offer a valuable perspective on industry issues and REBA works with Brokers to have a voice that is heard at all levels of government and industry.
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