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March 2, 2021 -- Today, the BC government introduced amendments to the Real Estate Services Act to bring together the Real Estate Council of BC (RECBC) and the Office of the Superintendent of Real Estate (OSRE) within the BC Financial Services Authority (BCFSA).

The amalgamation, which will take place later in 2021, will mean that BCFSA becomes the single regulator of BC’s financial services sector, including real estate. Integrating oversight of the real estate and financial services sectors is an important step forward in providing British Columbians with modern, effective and efficient regulation.

Until its amalgamation with BCFSA, RECBC will continue to regulate the real estate profession in BC, enforcing the licensing and conduct requirements of the Real Estate Services Act for individuals and brokerages engaged in real estate sales, rental property and strata management.

Following the integration of the three regulators, BCFSA will have regulatory responsibility for:

  • Licensed real estate professionals
  • Unlicensed real estate activity
  • Real estate development marketing
  • Mortgage brokers
  • Credit unions
  • Pension plans
  • Trust companies
  • Insurance companies
  • Credit Union Deposit Insurance Corporation of BC

BCFSA, RECBC and OSRE are committed to keeping all stakeholders informed while work continues towards a smooth and seamless transition later this summer.

Learn More

Read the News Release
View the Joint Statement from RECBC, OSRE and BCFSA

Industry Webinars and Events

MIABC
We regret to announce the cancellation of the 2021 MIABC Networking Golf Tournament, scheduled for Monday, June 7, due to the indefinite extension of the current COVID-19 restrictions.

UDI
UDI Webinar: Strata Insurance – One Year Later
Tuesday, March 30, 2021 9:30 – 10:30 a.m.
More Info

ULI
A Conversation with Mayor Kennedy Stewart
Wednesday, March 24, 2021 12:00 – 1:00 p.m.
More Info

Career Opportunities

Senior Real Estate Project Manager - Ministry of Citizens’ Services

Manager, Non-Market Housing Facilities - City of Vancouver

Property Services Agent - District of North Vancouver

Vice President, Development & Asset Strategies - BC Housing

Property Valuator - Negotiator 2 - City of Burnaby

Supervisor - Realty and Lands - City of Burnaby

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Real Estate Institute of British Columbia
RI, the mark of a qualified professional. All rights reserved.
1750 – 355 Burrard St., Vancouver, BC V6C 2G8
Toll-Free: 1-800-667-2166 Tel: (604) 685-3702 Fax: (604) 685-1026
Email: info@reibc.org


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