BCREA Fact Sheet
The British Columbia Real
Estate Association (BCREA) represents the interests of the real estate
boards and their licensees on all provincial issues. The 12 real estate
boards throughout the province have as their members nearly 12,000 REALTORS.
To ensure high standards and
serve the needs of real estate salespeople, BCREA provides an extensive
communications network, required licensing and continuing education
courses, standard forms and government relations.
Economic Impact
The real estate industry is a significant contributor to the provincial
economy. According to the provincial government, real estate accounts
for approximately five per cent of BC's Gross Domestic Product and over
30,000 jobs. In 2002, residential sales on the Multiple Listing Service®
set a new record at over $19 billion, with more than 80,000 homes sold
in BC.
A recent study by Clayton
Research Associates Limited indicates that, during the period between
January 2000 and November 2002, the average housing transaction in Canada
generated an estimated $19,800 of spending for general household purposes,
furniture and appliances, moving costs, renovations, services including
legal and financial, and taxes. Based on that figure, BCREA projects
that 2002 home sales in BC generated nearly $1.6 billion.
Professionalism
REALTORS help consumers make some of the largest purchases of their
lives. As professionals, REALTORS are committed to high standards of
customer service, ethics and education.
Every real estate professional
who joins a BC real estate board automatically becomes a member of BCREA
and of The Canadian Real Estate Association. These organizations work
together to represent REALTORS on the municipal, provincial and national
stages, and to provide an array of services designed to further their
careers.
REALTOR is a trademark which
identifies real estate professionals who are members of The Canadian
Real Estate Association and the National Association of REALTORS (US).
These individuals subscribe to a high standard of professional service
and a strict code of ethics.
Quick Facts
Established: 1976
Mandate: The British Columbia
Real Estate Association represents the interests of the real estate
boards and their licensees on all provincial issues. To serve the needs
of REALTORS, BCREA provides an extensive communications network, required
licensing and continuing education courses, standard forms and government
relations.
Members: 12 real estate boards
throughout BC, which have as their members nearly 12,000 REALTORS
2002 MLS® sales: $19 billion;
80,000 homes (approx.)
President: Dennis Wilson
Vice President: David Herman
Past President: Liz Tutt
Executive Officer: Robert
Laing
Directors: Dave Barclay, Marie
Blender, Carolyn Boles, Dick Coates, Kelly Lerigny, Gordon Maroney,
Don Pearce, Andrew Peck, Don Selby, John Tillie
BCREA staff: 14
