In total, During the Council’s last fiscal year, between July 1, 2014 and June 30, 2015, it conducted 209 audits and opened investigation files on 536 complaints. There were 88 Consent Orders issued and held one hearing resulting in a discipline order against the licensee. Three individuals had their licences cancelled by the Council. Two emergency suspensions were issued. Twenty-three licensees were suspended. The Council issued 28 fines, 84 reprimands, and accepted six permanent licence surrenders. In total, the Council issued discipline orders against 111 licensees.
More market update:
Reports in some media outlets regarding the number of investigations into realtors in British Columbia have been inaccurate according to the BC Real Estate Council. In a statement it says “The Council wishes to correct reports in the media regarding the numbers of investigations conducted and discipline orders issued over the past year.” It goes on to explain that all complaints it receives are investigated in order to protect the public. It also says that it takes a proactive approach to ensure that brokerages and licensees are complying with legislation.