Real Estate Consumer Protections
The B.C. government is committed to protecting citizens who are buying, selling or renting a home. Under the Real Estate Services Act and Real Estate Development Marketing Act, the real estate industry is mandated to protect the public interest and prevent harm to consumers.
The Office of the Superintendent of Real Estate (OSRE) is responsible for ensuring that the real estate industry complies with provincial legislation by providing effective regulation and oversight.
Real Estate Services
Citizens can enlist the help of a real estate professional to help them buy, sell, lease or manage their home. Providers of real estate services in B.C. must be licensed unless otherwise exempted from licensing requirements. The Real Estate Council regulates real estate professionals.
The Office of the Superintendent of Real Estate provides oversight to the real estate industry and takes enforcement action against unlicensed real estate services and by appealing decisions made by the Real Estate Council.
Real Estate Development Marketing
Multi-unit development properties, such as condos and townhouses, are a popular option when buying a home in B.C. Real estate developers are responsible for providing full information and deposit protection to consumers when marketing their developments.
The Office of the Superintendent of Real Estate helps purchasers understand their rights and takes enforcement action if developers do not meet legislated requirements.