B.C. real estate council issues licence conditions for Vancouver-area firm
VANCOUVER — The Real Estate Council of British Columbia has issued licence conditions to a Vancouver-area brokerage under investigation for alleged violations of the province’s real estate regulations.
The council says New Coast Realty has agreed to the conditions, which include the appointment of a managing broker approved by the council to conduct all training sessions and licensee supervision.
“In order to ensure the brokerage complies with the Real Estate Services Act, the council has imposed a number of licence conditions that will establish appropriate oversight,” it says in a statement.
The statement says allegations in an article that appears in Saturday’s Globe and Mail have been “a matter of serious concern” for a number of weeks.