BCFSA issued a $1,000 administrative penalty notice after an anonymized real estate brokerage missed the March 31, 2025 deadline to submit its Brokerage Data Call through the required IRIS portal. The regulator recorded repeated reminders and a warning for a missed 2024 filing. The notice allowed reconsideration within 30 days of receipt. The public record doesn't establish whether the penalty was later confirmed.
Source reviewed · Court holding
Held. The notice allowed reconsideration within 30 days of receipt.
BC's Superintendent of Real Estate issued a notice under the Real Estate Services Act and section 93.1 of the Real Estate Services Rules after an anonymized brokerage failed to provide its 2025 Brokerage Data Call. The required filing covered residential property sales with firm contract dates from February 16 to March 15, 2025, and homebuyer rescissions during 2024 where the brokerage acted for the seller. The deadline was March 31, 2025, with submission through the IRIS portal. BCFSA said the information had not been received as prescribed or at all despite several reminders. It also recorded that the brokerage had missed the 2024 filing deadline and had received a written warning, but no penalty at that time.
The August 11, 2025 notice imposed a $1,000 administrative penalty. It gave the recipient 30 calendar days after receiving the notice to request reconsideration and provide information about due diligence or other relevant circumstances. The Superintendent could confirm or cancel the penalty on reconsideration. For regulated brokerages, the notice illustrates why a prior warning does not excuse a later breach of a prescribed filing deadline or electronic reporting method. It is a redacted administrative penalty notice, not a final contested adjudication, and it doesn't establish whether reconsideration occurred or what the ultimate enforcement outcome was.
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