Real Estate Organizations in BC
BC Real Estate Association
BCREA represents the 11 member boards in British Columbia and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe). To demonstrate the profession’s commitment to improving Quality of Life in BC communities, BCREA supports policies that help ensure economic vitality, provide housing opportunities, preserve the environment, protect property owners and build better 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 11 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 (RECBC)
RECBC 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. RECBC is responsible for licensing individuals and brokerages engaged in real estate sales, rental and strata property management. RECBC also enforces entry qualifications, investigates complaints against licensees and imposes disciplinary sanctions under the Act.
Superintendent of Real Estate
The office of the Superintendent of Real Estate falls under the BC Financial Institutions Commission (FICOM). FICOM is an agency of the provincial government that provides public protection through ten statutes, including the Real Estate Development Marketing Act (REDMA). REDMA governs marketing, sales and long-term leases of development units.
Currently, the individual who serves as the Superintendent also serves in several other statutory roles, including the Registrar of Mortgage Brokers, Superintendent of Pensions and the Superintendent of Financial Institutions, and is the Chief Executive Officer of FICOM and the Deposit Insurance Corporation of BC.
The Real Estate Foundation of British Columbia
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 BC when licenses are issued or renewed.
Real Estate Division (RED), Sauder School of Business, UBC
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)
REIBC is an organization of diversified industry professionals that advances and recognizes excellence in education, knowledge, professional development and business practices uniting all sectors of the real estate industry.
Real Estate Brokers Association (REBA)
REBA is a Society committed to providing a unified voice for brokers throughout the Province. Brokers offer a valuable perspective on industry issues and they need to have a voice that is heard at all levels of government and industry.