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Statement: Council Investigation of New Coast Realty

 

Council Investigation of New Coast Realty

The Real Estate Council of BC is actively investigating Vancouver-area real estate brokerage New Coast Realty. On April 8, the Council issued a wide range of licence conditions on New Coast Realty to ensure that the business complies with provincial laws for real estate brokerages. With these conditions, the Council has taken an unprecedented degree of control and oversight of the activities at New Coast Realty. We have taken these steps to protect consumers and ensure the brokerage cooperates with our investigation.

We encourage any buyers or sellers who are concerned about their past transactions at New Coast Realty to contact the Council with details.  The Council can also investigate anonymous complaints.

When the Council finds that a licensed real estate professional has committed professional misconduct, we have the power to impose fines, suspensions, and, in the most serious cases, licence cancellations. The Council can also fine, suspend or cancel the licence of a brokerage when a brokerage owner or director is found to have committed misconduct.

To file a complaint, share your concerns, or simply ask questions about the actions of a real estate professional, contact the Council by email at info@recbc.ca or by phone at 604-683-9664/ 1-877-683-9664.