British Columbia’s largest real estate board is tripling the maximum fines it can levy on unethical Realtors at a time when the industry and its members are facing increasing scrutiny amid concerns some are taking advantage of the region’s housing market.
During the Real Estate Board of Greater Vancouver’s annual general meeting earlier this week, the 300 members in attendance overwhelmingly voted in favour of immediately increasing the potential penalty for any new misconduct cases from a maximum of $10,000 to $30,000.
MIKE HAGER – Globe and Mail – March 24, 2016.
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