Terms of Reference released for Independent Advisory Group

VANCOUVER, March 15, 2016 /CNW/ - The independent advisory group tasked by the Real Estate Council of BC to review the Council's handling of licensee misconduct has released the terms of reference that will guide its examination.

"The Advisory Group understands that this is fundamentally about strengthening protection for consumers," said Chair Carolyn Rogers, Superintendent of Real Estate and the CEO of FICOM. "We're committed to maintaining a tight focus on the public interest as it relates to licensee conduct and the regulation of that conduct."

The terms of reference can be found on the Advisory Group's website at: http://www.advisorygroupbc.ca.

The Independent Advisory Group's mandate is to examine whether the current regulatory regime adequately protects consumers and the wider public interest from real estate licensee conduct that is inconsistent with the standards of conduct required of those licensees.

Background information:

• The Real Estate Council announced the appointment of Carolyn Rogers as Chair of the independent Advisory Group on February 9, 2016.
• Ms. Rogers named her Group members on February 22, 2016.
• A web page has been established with biographical information on the Advisory Group members. Key documents will be posted to the page: www.advisorygroupbc.ca.
• The public can contact the Advisory Group at: [email protected]

SOURCE Real Estate Council of BC

For media inquiries: Greg Dickson, Communications Specialist, CEO Office, Financial Institutions Commission, 604-660-3905, [email protected]; Marilee Peters, Communications Officer, Real Estate Council of BC, 604-683-9664, [email protected]