Vancouver property development industry pushing back against recommendation for developers and sales staff to become licensed

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Vancouver property development industry pushing back against recommendation for developers and sales staff to become licensed GlobeBC

, said there is simply too much money changing hands for this part of the housing industry to be exempt from licensing and greater provincial and federal regulatory oversight.

“Fundamentally we just don’t see what problem is going to be solved by forcing every single person working in a presentation centre to be a licensed realtor,” Mr. Stovell said. But she said the scale of property being sold this way is unknown and her review identified it as large enough to warrant further oversight, which would also bring more data on how many properties change hands in this manner, she said.

Developers are currently regulated under B.C.'s Real Estate Development Marketing Act, which requires them to provide a prospectus approved by the provincial real estate superintendent to any buyers of a multiresident development.

 

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GlobeBC When will our criminal politicians finally own up to what they allowed to happen? JustinTrudeau AndrewScheer theJagmeetSingh Ignorance does not hold up in court. christyclarkbc

GlobeBC Parasites. Absolute parasites.

GlobeBC Pretty much sums up the ignorance that exists on this file and the power of the CREA lobbyists. REALTOR is a trademarked brand not a profession or designation. No need to be licensed and license the trademarks both in 2019. Vanre

GlobeBC “Just trust us” isnt really working out for the average British Columbian now is it.

GlobeBC They should need a license, they act like criminals.

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