|Helpful Tips for Realtors|
On January 30, 2009, the government announced that BC would become the first province to require home inspectors to obtain a licence to better protect buyers and to ensure that home inspectors are qualified to make professional assessments. The regulation requires home inspectors to be a member of a recognized association. To further strengthen professional credibility and enhance consumer protection, Consumer Protection BC also requires all home inspectors to carry errors omission insurance in addition to general liability insurance in order to obtain a licence.
Licensees who violate the regulations are subject to penalties ranging from having conditions imposed on their licensing to paying monetary penalties of up to $5,000.
Realtors should not: