Which entity is responsible for issuing disciplinary orders in real estate?

The BC Financial Services Authority (BCFSA) is the correct entity responsible for issuing disciplinary orders in the real estate sector. BCFSA oversees licensing and regulatory matters related to real estate professionals, ensuring compliance with the Real Estate Services Act and other relevant legislation. When real estate professionals violate regulations or standards of conduct, BCFSA can investigate the issues and impose disciplinary measures, which may include fines, suspensions, or revocations of licenses.

The Financial Services Tribunal, while it plays a role in adjudicating appeals from decisions made by BCFSA, does not directly issue disciplinary orders; it reviews cases that have already been decided. The Residential Tenancy Branch primarily handles matters related to tenancy agreements and disputes between landlords and tenants, which is distinct from real estate professional conduct. Judicial Review is a legal process that allows courts to review the decisions made by administrative bodies but does not itself issue disciplinary orders. Therefore, the BCFSA's role makes it the appropriate entity for issuing disciplinary orders in real estate matters.