New Initiatives Point to Busy Fall
Message from the Chair
New Initiatives Point to Busy Fall
Often summertime is when many in BC choose to take time to relax and enjoy the great outdoors. But not at RECBC, where this summer has been filled with activity. We are busy preparing for the transition in regulatory education from BCREA to RECBC, revising mandatory consumer disclosure forms, and developing a new course on anti-money laundering, to name just a few initiatives currently underway. All of our work is in support of RECBC’s mission – to protect the public interest by promoting professional standards, enhancing competency, and regulating the conduct of licensed real estate professionals in BC.
Some of the initiatives we’re working on include:
Regulatory education transition
As announced in July, RECBC and BCREA are working together to bring the ongoing management of regulatory education to RECBC this fall. This means RECBC will take on the responsibility for managing registrations for Legal Update and Applied Practice Courses. Both organizations are working hard to ensure a smooth transition with minimal impact on registration processes and service levels. This transition marks a new era where RECBC is responsible for the design, development and delivery of all regulatory education for real estate professionals in BC. We will be working in partnership with real estate boards, UBC and course instructors to maintain the highest standards of regulatory education. Learn more about the planning of the transition in this issue of Report from Council.
Annual Service Plan Report
Reporting on our performance is one of the key ways we adhere to our mandate of protecting the public through regulation of the real estate industry. Our recently released annual service plan report outlines the actions we’ve taken to support the provincial government’s three key commitments to British Columbians: to make life more affordable, to deliver the services that people count on and to build a strong, sustainable economy.
Consumer disclosure forms update
Since mandatory disclosure forms were first introduced in June 2018, the feedback we’ve received is to make the forms more streamlined and easier to read. We’ve listened, and in response we’ve collaborated with the Office of the Superintendent of Real Estate to substantially revise the forms to be more accessible to all audiences. As part of the updates, we are developing a disclosure form specifically for rental property managers to use with prospective tenants. In addition to disclosing the agency duties of a rental property manager, the form includes links to other resources for consumers about tenant and landlord rights and responsibilities.
Anti-money laundering course in development
We are pleased to announce that we are developing a new mandatory course on anti-money laundering, with implementation timing to be advised in the fall of 2019. You can find more details on the course in this issue of Report from Council.
As we head into the fall season, RECBC will continue to keep you updated on the progress of our initiatives.
Finally, I wish to acknowledge the contributions of two Council members who recently resigned their positions: Elana Mignosa and Marianne Bond. Marianne was appointed in July 2018, while Elana has been a publicly appointed member of Council since 2015. For information about the appointment process for members of Council, please visit the website of the Crown Agencies and Board Resourcing Office.
As always, we welcome your feedback and comments on anything you read in this Report from Council. Send your thoughts to us at [email protected].