The independent advisory group tasked by the Real Estate Council of BC to review the Council’s handling of licensee misconduct has released the terms of reference that will guide its examination. “The Advisory Group understands that this is fundamentally about strengthening protection for consumers,” said Chair Carolyn Rogers, Superintendent of Real Estate and the CEO of FICOM. “We’re committed to maintaining a tight focus on the public interest as it relates to licensee conduct and the regulation of that conduct.”
Among the terms of reference is examining the ‘risk’ posed to consumers in light of recent media reports on the conduct of real estate agents; looking at contract assignments, limited dual agencies, disclosure, misleading advertising and predatory sales practices.
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