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Archive Quarterly Statistics 2021/2022
Archive Quarterly Statistics 2021/2022
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Archive Quarterly Statistics 2021/2022
Overview June 30 Sept 30 Dec 31 Mar 31 Total Real Estate Professionals 26,241 26,854 27,446 27,734 By Category June 30 Sept 30 Dec 31 Mar 31 Real Estate Sales 24,448 25,008 25,606 25,877 Rental Property Management 4,672 4,680 4,668 4,658 Strata Property Management 1,385 1,406 1,398 1,405 Note: Professionals may be licensed for more than one category. By Level June 30 Sept 30 Dec 31 Mar 31 Managing Brokers 1,286 1,292 1,291 1,294 Associate Brokers 1,428 1,406 1,395 1,392 Representatives 23,527 24,156 24,760 25,048 Total 26,241 26,854 27,446 27,734 Overview June 30 Sept 30 Dec 31 Mar 31 Licensed Brokerages 1,541 1,544 1,546 1,552 Note: Licensed brokerages include branch offices. Enforcement Apr — Jun Jul — Sept Oct — Dec Jan — Mar Consent Orders Issued 6 1 4 6 Disciplinary Hearings Held* 4 3 - - Fines & Admin Penalties Issued 24 8 5 1 Fines & Admin Penalties Amounts $61,853 $74,250 $77,015 $7,500 Suspensions Issued 3 3 - - Letters of Advisement Issued 4 15 9 8 Licence Surrenders - - - - Appeals 24 24 - - *Disciplinary hearings are, in most cases, held in two parts: a hearing on liability, followed in cases where there is a finding of liability by a hearing to determine penalty. By Source Apr — Jun Jul — Sept Oct — Dec Jan — Mar Real Estate Professionals 1,476 1,303 1,083 1,325 Consumers 1,156 893 719 856 Non-identified/Other 53 84 55 119 Total 2,685 2,280 1,857 2,300 By Source Apr — Jun Jul — Sept Oct — Dec Jan — Mar Consumer 250 183 136 186 Real estate professional 39 30 29 51 Initiated by BCFSA 15 14 18 9 Referred by real estate board 1 - 4 2 Referred by another regulator 3 9 - - Referred from Anonymous Tipline 28 23 64 80 Other 4 1 7 2 Total 340 260 258 330 Type Apr — Jun Jul — Sept Oct — Dec Jan — Mar Anonymous Tips 113 61 80 123 Type Apr — Jun Jul — Sept Oct — Dec Jan — Mar Brokerages Audited 26 30 31 34 *Scheduled in-person brokerage audits during this period were cancelled due to the COVID-19 pandemic, in accordance with guidelines from BC’s Public Health Officer, and replaced with an audit outreach program. In total, 369 brokerages were contacted remotely during this period as part of the outreach program. Based on the interviews conducted, 113 brokerages have been identified for further investigation/audit procedures. Virtual office audits started in September 2020. Students Registered in Licensing Courses* Apr — Jun Jul — Sept Oct — Dec Jan — Mar Trading Services (Real Estate Sales) 2,323 2,002 1,626 2,658 Rental Property Management Services 142 139 135 203 Strata Management Services 88 73 43 84 Managing Brokers 36 44 51 76 * These are the number of participants in the licensing courses, they are not the same as those who have passed the exam and or apply for licencing.