Case card

Applicant 33 (Re), 2025 BCSRE 134

BCFSA issued a $1,000 penalty notice after a brokerage failed to submit mandatory sales data through the prescribed portal despite repeated reminders.

Source reviewed · Court holding

Held. BCFSA issued a $1,000 penalty notice after a brokerage failed to submit mandatory sales data through the prescribed portal despite repeated reminders.

BC's Superintendent of Real Estate imposed a $1,000 first-contravention penalty notice after a brokerage failed to submit required residential sales data through the IRIS portal by March 31, 2025, despite repeated reminders and a warning for missing the previous year's data call. The notice illustrates that regulatory reporting must meet both the filing deadline and the prescribed method, and a licensee has 30 calendar days after receipt to request reconsideration.

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Source and further context BC Financial Services Authority, complete original publicly available redacted regulatory instrument ↗

Intelligence Law publishes commentary and information, not individualized legal advice. Legal rules and court procedure vary by jurisdiction and circumstances.

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