2016-04-14-IAG-News-Release

For the complete news release, click here.

For immediate release

BCREA Provides Recommendations to Independent Advisory Group 

Vancouver, BC – April 14, 2016. The British Columbia Real Estate Association (BCREA) presented its recommendations to the Independent Advisory Group (IAG), which is chaired by Superintendent of Real Estate Carolyn Rogers on April 12, 2016.

"BCREA fully supports the IAG's work, and any measures that improve consumer trust and REALTOR® professionalism," said BCREA President Deanna Horn, a Langley REALTOR® and licensee for more than 30 years. "I'm pleased to say that most of the 20,000 REALTORS® in the province take pride in representing their clients ethically and honestly. When that doesn't occur, we encourage consumers and REALTORS® to make complaints."

On an ongoing basis, BCREA and the 11 real estate boards around the province highly value and actively strive for REALTOR® professionalism. Through continuing education, communications, standard forms and business practices processes, these organizations support REALTORS® and help ensure consumer confidence.

"There's always room for improvement," noted BCREA Chief Executive Officer Robert Laing. "The work of the IAG is a great opportunity to see what can be done better, and BCREA has some clear recommendations."

BCREA's submission includes suggestions encouraging the Real Estate Council of BC to speed up its complaints and discipline process, an increase to Council fines, a request to make specific professional education courses mandatory for licensees, making buyer agency contracts mandatory and for lawyers and notaries to be subject to the same proposed restrictions for licensees regarding assignments.

The submission also outlines BCREA initiatives that are already underway, such as a potential restructuring of BCREA and the real estate boards to create a single organization, a centralized online complaints portal and a project to map the real estate transaction.

"We look forward to the final report of the IAG," remarked President Horn. "This process is positive, and we expect benefits for real estate licensees and consumers."

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BCREA's submission to the IAG is available online at: www.bcrea.bc.ca/docs/news-2016/2016-04-12-iag-bcrea-recommendations.pdf.

More information about the Independent Advisory Group can be found at: www.advisorygroupbc.ca.

BCREA is the professional association for over 20,000 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province's 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients.

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.

For more information, please contact:

Damian Stathonikos
Director of Communications and Public Affairs
Direct: 604.742.2793
Email: [email protected]

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