The BCREA Board of Directors (BOD) is seeking two appointees for the Real Estate Errors and Omissions Insurance Corporation (REEOIC) BOD. The appointment term would commence on Sunday, February 1, 2026.

REEOIC was proclaimed into existence on Monday, February 1, 1988. Its purpose, as stated in the Real Estate Services Act, is to enable licensees to obtain indemnity against liability arising out of the negligent provision of real estate services.

The mission of REEOIC is to provide cost-effective professional liability insurance, loss prevention tools, and legal support services for the protection of real estate licensees and the public. It is a not-for-profit organization that pools the assessments paid by real estate licensees into a fund which is used to pay the costs of defending and indemnifying licensees against claims.

The assessments collected by the BC Financial Services Authority on behalf of REEOIC constitute the Real Estate Errors and Omissions Insurance Fund.

Skills and Experience

Collectively, the BOD should possess the following skills and experience, gained outside of REEOIC and through experience with an organization of at least similar size and complexity to REEOIC:

• Executive Leadership
• Finance
• Governance
• Human Resources
• Insurance
• Investment
• Real Estate
• Risk Assessment
• Stakeholder Relations
• Strategic Planning

An active or retired real estate licensee is preferred.

A diverse background that contributes to a broad range of perspectives and experiences to REEOIC discussions and decisions will be considered an asset. This may include many aspects such as gender, ethnicity, accessibility, geography, and age.

Time and Term Commitment

Directors are appointed for three-year terms and may serve two consecutive terms.

The REEOIC BOD meets a minimum of three times per year (May, September, and December), including an annual retreat that takes place over a weekend in September or October. The dates for the BOD meetings in 2026 have not yet been set, but the BOD will be meeting on Tuesday, December 9, 2025, in their boardroom, and new appointees would be encouraged to attend this meeting as observers.

Additionally, each Director sits on either the Claims and Underwriting Committee or the Finance, Audit, and Governance Committee and participates in the occasional meeting or conference call. Directors receive a per diem for attending meetings, plus travel per diems and expenses.

How to Apply

This posting is closed and no longer accepting applications.

Please send your resume and expression of interest to [email protected] by Tuesday, September 9, 2025.

The BCREA Nominating Committee thanks all applicants; however, only those selected as potential candidates will be contacted for a virtual interview on Tuesday, November 25, 2025 (please hold this date in your calendar).

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