After 10 years of self-regulation in British Columbia, the BC government has put an end to it.
The industry regulating body, the Real Estate Council of British Columbia (RECBC), will no longer have the authority to make provincial rules and regulations for the real estate industry. Instead, there will be a dedicated superintendent of real estate. Additionally, the RECBC will be "reconstituted," this time made up of a majority of public-interest, non-industry members.
Many people saw this coming, including us in this previous post.
Will this be a good or bad thing for BC real estate?
How do you think this will affect the real estate industry in British Columbia?
We'd love to hear your thoughts