Real Estate Council of British Columbia
The Real Estate Council of British Columbia (RECBC) is a regulator in British Columbia responsible for enforcing the licensing and licensee requirements of the Real Estate Services Act.[1]. There are over 25,000 real estate agents licensed in British Columbia.
In 2018, RECBC launched a Licensee Knowledge Base website[2] as an information and resource hub for real estate professionals and managing brokers. In April 2019, RECBC and FINTRAC signed an information-sharing agreement to combat money laundering in the real estate sector[3]
History[edit]
RECBC was established in 1958 by the British Columbian government. On January 1, 2005, the Real Estate Services Act came into effect. In 2018, RECBC became a Crown Agency and published its first government service plan[4]
Education[edit]
Real estate professionals are licensed by RECBC under the Real Estate Services Act. Since 2007, BC Real Estate professionals are required to complete re-licensing educational courses which are administered by The Real Estate Division of the Sauder School of Business at the University of British Columbia[5].The British Columbia Real Estate Association and RECBC signed an agreement in the Summer of 2019, giving RECBC more oversight and direct involvement in regulatory education[6], as stated in the Raising Standards of Regulatory Education White Paper [7] that came out in 2018.
RECBC provides consumer information to the public by giving tips on buying or selling a home, choosing a real estate professional [8], and offering guidance.
Professsional Standards Advisors[edit]
BC real estate professionals and the public who have questions or concerns can contact RECBC's Professional Standards Advisors who offer confidential phone or email services.
See also[edit]
- Canadian Real Estate Association
- Real Estate Board of Greater Vancouver
- British Columbia Real Estate Association
External links[edit]
References[edit]
- ↑ http://www.bclaws.ca/civix/document/id/complete/statreg/04042_01
- ↑ https://knowledge.recbc.ca
- ↑ https://www.investmentexecutive.com/news/from-the-regulators/fintrac-signs-agreement-with-b-c-real-estate-regulator/
- ↑ https://www.recbc.ca/about/ar.html
- ↑ https://www.sauder.ubc.ca/programs/real-estate/licensing-registration-courses/bc-licensing-courses
- ↑ https://www.bcrea.bc.ca/education/recbc-and-bcrea-work-together-to-change-regulatory-education/
- ↑ https://www.recbc.ca/wp-content/uploads/Raising_Standards_Education_whitepaper_2018_final.pdf
- ↑ https://vancouversun.com/homes/buying-selling/the-best-5-tips-for-choosing-a-realtor
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