Speaking of the housing industry in metro Vancouver, and further to the excellent exposes by Kathy Tomlinson on shady practices in the real estate industry.

The agency that was featured in that expose, and the incidents  that helped pressure the BC Liberal government to implement new enforcement regulations, much higher fines, and a new watchdog, has just passed it's first ruling regarding that agency, under their new and improved  rules.

New Coast Realty was fined a total of....$7,500...because the company director and staff engaged in real estate activities whilst being unlicenced.  Including signing commission agreements, offering rental services, paying additional unlicenced staff to perform real estate services, and committing professional misconduct by carrying a trust fund liability.

So yeah, the fine the size of what, one commission on a condo?

The RE industry really must be shaking in it's guccis.