REALTOR® Licensing

RECBC Approves 10 Per Cent Hike in Licensing Fees

Effective April 1, 2021, The Real Estate Council of BC (RECBC) will increase their biennial licensing fees from $1,800 to $2,000. RECBC members approved the proposed increase on January 18, following a short consultation beginning in December 2020. The new fee structure will be implemented, subject to objections from Minister of Finance Selina Robinson. Licensing

Section 30 Real Estate Act #78

Legally Speaking

By Gerry NeelyB.A. LL.B. This is the section that prohibits payment of any commission or other compensation to any unlicensed person for “acting or attempting or assuming to act, as an agent or salesman.” BCREA has been asked whether payment of a tip for a tip that leads to a listing, is a breach of