It will be more than just the issue of “shadow flipping” for the committee struck to get some answers on the Metro Vancouver housing crunch.
Superintendent of Real Estate Carolyn Rogers says she will set a broad mandate as chair of the group.
“I think we will look not just at this issue of flipping, but generally making sure that realtors and the rules that are in place for realtors ensure that they are acting in the interest of their clients at all times.”
Rogers also denies regulators turned a blind eye to the issue of realtors constantly flipping homes.
“The accusation that we have been asleep or we have not been reacting quick enough is potentially misleading.”
She also says the April 8th deadline for recommendations might be too tight.
“We will need to ask ourselves that once we set the scope of the review.”
Rogers says this is not a case of buyer beware but rather about professional ethics.