With files from CBC's The Early EditionTo hear the full story listen to the audio labelled: Nothing was being done to stop unscrupulous real estate practices, B.C. real estate industry because the evidence was pointing to the fact that the industry wasn't regulating itself, says B.C. On June 30, the government announced that the right to regulate the industry would be taken away from the Real Estate Council of B.C. and put into the hands of a newly established and dedicated superintendent of real estate. "Whether it's the public reporting to the [Real Estate] Council, or the Realtors reporting to us, if nobody's reporting it, it's hard for us to make the changes necessary or to do the investigations necessary for us to respond."

Source: CBC News July 01, 2016 02:37 UTC