Licensing Fee Adjustments to Take Effect April 1, 2017
Licensing fees collected by the Real Estate Council of BC will be changing in April due to adjustments made by both the Real Estate Compensation Fund Corporation and the Superintendent of Real Estate.
As a result:
- Renewal fees for individuals remain unchanged at $1330.
- Renewal fees for brokerages will decrease to $1330, from $1480.
- Application fees for new licences will increase to $1660 for individuals, $1860 for brokerages.
A complete listing of the changes to licensing fees is available on the Council’s Licensing Fees page. To find out more about what you pay for through your licensing fee, and how fees will change in April, check out these online resources:
Compassionate Care Leave
As part of updates to the Council’s Education and Licensing Guidelines, which came into effect in January, the Council has introduced Compassionate Care Leave. Leaves of up to 28 weeks are available for licensees who must take time away from work to care for a gravely ill family member. Compassionate care leave will not be considered a break in licensing history.
In order to receive a Compassionate Care Leave, licensees must submit a written request to the Council, enclosing a copy of a medical certificate. Licensees must surrender their licence during the Compassionate Care Leave, which cannot exceed 28 weeks in a twelve-month period, and cannot be taken in combination with other leaves.
Please see the Council’s Education and Licensing Guidelines for further information about
Privacy Guidelines for Strata Corporations and Strata Agents
In BC, strata corporations, and strata managers acting on their behalf, must adhere to the privacy rules of the Personal Information Protection Act (PIPA). Are you confident that you and your strata corporation clients are following all current guidelines for handling and disclosing personal information when responding to complaints, creating or updating privacy policies, responding to privacy breaches, or installing video or audio surveillance equipment?
To ensure you can advise your strata corporation clients correctly, we recommend you review these resources from the Office of the Information and Privacy Commissioner:
- Privacy Guidelines for Strata Corporations and Strata Agents
- PIPA and Strata Corporations: Frequently Asked Questions
If you or your strata corporation clients have questions about the disclosure of personal information, it is recommended that you seek independent legal advice on the provisions of PIPA.