BC's real estate regulator issued a $1,000 administrative penalty notice when a brokerage's annual Accountant's Report was received October 31, 2024, instead of by September 28. A roughly one month delay can trigger Rule 75's first contravention penalty, subject to the notice's opportunity for reconsideration within 30 days.
Case card
Applicant 15 (Re), 2025 BCSRE 67
BC's real estate regulator issued a $1,000 administrative penalty notice when a brokerage's annual Accountant's Report was received October 31, 2024, instead of by September 28. A roughly one month delay can trigger Rule 75's first contravention penalty, subject to the notice's opportunity for reconsideration within 30 days.
Source reviewed · Court holding
Held. BC's real estate regulator issued a $1,000 administrative penalty notice when a brokerage's annual Accountant's Report was received October 31, 2024, instead of by September 28.
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