Where to Find Resources From BCFSA, Real Estate's New Regulator
CATEGORY: Practice Tips
TAGS: BC Financial Services Authority BCFSA Office of the Superintendent of Real Estate OSRE Practice Tips Real Estate Council of BC Real Estate Council of British Columbia Real Estate Practice Real Estate Rules Real Estate Services Rules RECBC Resources for REALTORS®
On August 1, 2021, the BC Financial Services Authority (BCFSA) became the new regulator for real estate service providers in BC. That means the Real Estate Council of BC (RECBC) and the Office of the Superintendent of Real Estate (OSRE) no longer exist.
BCREA recently published a blog post with a video explaining the change in regulators and a series of resources to help you better navigate the shift. If you haven't read it, click here.
Still have questions or looking for other resources? We've got you covered! Below is a list resources to help REALTORS® with the transition.
- Frequently Asked Questions regarding the change in regulators
BCFSA has published an "Integration Update" which answers a number of common questions related to the change in regulators. From licensing to mandatory forms, education, discipline, contact information and more, this FAQ should help you get up to speed.
Click here to read the Integration Update.
- Resources previously found on RECBC website such as Knowledge Base, Education and Licensing, etc.
Many resources that Realtors have come to expect from RECBC have been moved to the new BCFSA website as the RECBC website no longer exists.
Here is a list of common resources with new links:
- Revised Real Estate Services Rules
With RECBC and OSRE ceasing to exist as of August 1, BCFSA - the new regulator of real estate service providers in BC - has renumbered the Real Estate Services Rules and made minor language changes to align with provincial drafting standards.
Click here to learn more about the changes.
- BCFSA social media channels
Stay tuned to the latest news for real estate's new regulator by following BCFSA on social media.
Here are the channels:
Didn't find what you were looking for? Contact BCFSA with any questions you have.
BCREA would also like to hear about your experience during the transition from RECBC and OSRE to BCFSA. If you have any comments you would like to share, email our Government Relations team at [email protected].
To subscribe to receive BCREA publications such as this one, or to update your email address or current subscriptions, click here.
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