Recommendations from the Real Estate Council of British Columbia’s Independent Advisory Group (IAG) are a welcome step in increasing consumer protection in real estate transactions.
“We look forward to working with our member boards and the Real Estate Council to discuss how best to implement the recommendations in the IAG’s report where we can play a role,” says British Columbia Real Estate Association (BCREA) President Deanna Horn. “REALTORS® take great pride in their profession and adhere to high standards of practice. We are eager to do all we can to ensure that our clients are represented professionally and ethically during real estate transactions.”
The IAG recommendations cover four areas of focus: transparency and ethics; compliance and consequences; governance and structure; and licensee and public education. Most require implementation by the Real Estate Council and some will require working with BCREA and our member boards.