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Brokerage Standards Manual

Notice of Change: Information in this manual changed when new agency and disclosure rules came into effect on June 15, 2018. Learn more about the new rules.

VII. Brokerage Office Business Practices

Notice Of Brokerage Business Changes

Section 2-22 of the Rules requires a brokerage to promptly notify the Council in writing of the following changes. Notification is required even though the change does not require an amendment to the brokerage licence:

  • a change in the telephone number, fax number or email address of a brokerage’s head office or branch office;
  • if any related managing broker, associate broker or representative ceases to be engaged by the brokerage and the reasons for this;
  • in the case of a brokerage that is a partnership:
  • any change in the partners and whether, as a result of licence cancellation of the licence because of the change in partners, an application for a new brokerage licence is intended to be made;
  • any change in the nature of the partnership, such as registration as a limited liability partnership;
  • in the case of a brokerage that is a corporation:
  • any change in the directors or officers of the corporation; or

any fundamental change to the corporation, such as an amalgamation or continuation;

  • NOTE: If a new director or officer has been elected or appointed, within 30 days after the election or appointment the brokerage must submit to the Council a “Director, Officer or Partner Information” form for each new director or officer. The Director, Officer or Partner Information form is contained on the Council’s website at www.recbc.ca
  • a change in the end date of the brokerage’s fiscal year;
  • a change in the savings institutions, or branch location of a savings institution, at which the brokerage maintains accounts.