Industry Links & Related Organizations
The Canadian Real Estate Association (CREA) is the national voice for REALTORS® in Canada. CREA provides products and services to REALTORS® to ensure they are consumers' first choice when buying and selling real estate. CREA is the owner of trademarks and associated logos that serve to identify and brand the services of CREA Boards, Associations and REALTOR® members.
BC Real Estate Association
BCREA represents the 11 member real estate boards in BC and their approximately 18,000 REALTORS® on all provincial issues, providing communications, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education.
Real Estate Council of British Columbia (RECBC)
RECBC is a regulatory body established by the provincial government. Its mandate is to protect the public interest by enforcing the licensing and licensee conduct requirements of the Real Estate Services Act. RECBC is responsible for licensing individuals and brokerages engaged in real estate sales, rental and strata property management. RECBC also enforces entry qualifications, investigates complaints against licensees and imposes disciplinary sanctions under the Act.
Superintendent of Real Estate
The office of the Superintendent of Real Estate falls under the BC Financial Institutions Commission (FICOM). FICOM is an agency of the provincial government that provides public protection through ten statutes, including the Real Estate Development Marketing Act (REDMA). REDMA governs marketing, sales and long-term leases of development units.
The Real Estate Foundation of British Columbia
The Foundation is a philanthropic body that provides financial support for real estate-related projects, such as public and professional education, law reform and research. It is funded through interest from unassigned trust deposits held by real estate brokerages, and uses the funds to provide grants for non-profit and charitable activities related to real estate and land use.
Real Estate Errors and Omissions Insurance Corporation (REEOIC)
REEOIC pools the assessments paid by real estate licensees in a fund that is used to pay the costs of defending and indemnifying licensees against professional liability claims. The Real Estate Services Act requires every real estate licensee to participate in REEOIC's program. REEOIC's assessments are collected by the Real Estate Council of BC when licenses are issued or renewed.