The Office of the Superintendent of Real Estate (OSRE) invites REALTORS® and others to give input into the regulation of real estate teams by participating in a survey open until Friday, April 2, 2021.

OSRE has been working with the Real Estate Council of BC (RECBC) to consider how to enhance the regulation of teams and has posted a discussion paper on its website. The discussion on real estate teams is part of OSRE’s research into the role of managing brokers.

In a recent communication to real estate licensees, Superintendent of Real Estate Michael Noseworthy said, “Managing brokers operate in an increasingly complex regulatory environment where change has become a constant. Incremental measures will help both licensees and regulators to fully implement and assess the impact of changes over time.”

Details of additional engagement opportunities will be made available as their work progresses. In 2020, BCREA worked with real estate boards to hold a series of Realtor focus groups about teams. We provided our findings to OSRE and RECBC in September 2020, and BCREA will respond to the current consultation.

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