British Columbia Premier Christy Clark says the province is taking away the real estate industry’s ability to regulate itself.
Wednesday’s announcement came a day after an independent panel appointed to review the industry released a report that made 28 recommendations aimed at toughening up rules for agents and protecting consumers. However, Ms. Clark said the Real Estate Council of B.C. can no longer be trusted to do the job and will instead transfer those powers to the province’s superintendent of real estate.
