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Professional Standards Manual

I. Introduction

About the Real Estate Council of BC

The Real Estate Council of BC is a regulatory agency established by the provincial government. Its mandate is to protect the public interest by enforcing the licensing and licensee conduct requirements of the Real Estate Services Act (RESA). The Council is responsible for licensing real estate representatives, associate brokers, managing brokers, and brokerages engaged in real estate sales, rental property management, and strata management. The Council also enforces entry qualifications, investigates complaints against licensees, and imposes disciplinary sanctions under RESA.

The Council is responsible for ensuring that the interests of consumers who use the services of real estate licensees are adequately protected against wrongful actions by licensees. A wrongful action can be deliberate, or may be the consequence of inadequate exercise of reasonable judgement by a licensee in carrying out the normal duties and responsibilities as a licensee while acting for the parties involved in the transaction.

The Council also determines the appropriate education in real estate matters for individuals seeking to be licensed as real estate practitioners and arranges for licensing courses and examinations as part of the qualification for licensing. Under the authority of the Council, licensing courses are conducted by the University of British Columbia's Sauder School of Business, Real Estate Division, Vancouver.