REAL ESTATE ADVISORY COUNCIL

The Real Estate Advisory Council was established by The Manitoba Securities Commission and The Manitoba Real Estate Association (MREA) in 1996 as a non-statutory body to advise and make recommendations to the Commission and MREA on real estate issues; to consider mutually beneficial ideas, policies or legislative reform; and give advance notice of trends or developments in the real estate industry.

The Council membership comprises up to ten individuals representing the real estate industry and regulatory interests as follows:

• four registrants under The Real Estate Brokers Act serving three-year terms;

• the Chair or designee of the Real Estate Subsection of the Manitoba Bar Association;

• a member of the Executive Committee of MREA;

• up to two representatives from real estate-related organizations other than the MREA (e.g., The Manitoba Home Builders’ Association and The Professional Property Managers’ Association) for a one year term;

• the Registrar of The Real Estate Brokers Act; and

•  the Executive Director of MREA.

The Chair is appointed by the MREA and acts as spokesman for Council and presides at meetings of Council.  Council’s recommendations are conveyed by the Chair.

The Council meets at least once every year or more frequently at the call of the Chair to consider issues referred to Council by the Commission or MREA.

The members of Council are:

Rev. February 2006