The BC Government has appointed Micheal Noseworthy as the new Superintendent of Real Estate, beginning October 19, 2016.
Mr. Noseworthy brings experience as a regulator and public sector leader to his new role, having recently served as a senior government regulator in the Yukon, and as Superintendent of Real Estate, Superintendent of Insurance, Registrar of Lotteries and Registrar of Medical Practitioners.
On October 12, the government also announced the appointment of nine Real Estate Council of British Columbia members, including Chair Robert D. Holmes. BCREA is thrilled that the Council includes two licensees, Sukh Sidhu and Gerry Martin, who are thoroughly familiar with the practice of real estate in BC.
In additiona, the province announced that amendments to the Real Estate Services Act (RESA), which took effect on September 30, include increasing the Superintendent's regulatory role to administer the Real Estate Council of BC's former rule-making authority and increasing the maximum penalties for real estate licensee misconduct.
On October 7, BCREA representatives met with the Office of the Superintendent, the Real Estate Council and the Financial and Corporate Sector Policy Branch (Ministry of Finance) to present organized real estate's submission in response to these amendments and the Independent Advisory Group (IAG) recommendations.
BCREA congratulates Micheal Noseworthy on his new role as Superintendent of Real Estate as well as the new Real Estate Council members, and looks forward to working collaboratively with both offices in the months and years to come.