Updated Medallion Club and MLS® Awards Rules

Please be advised that as the result of a Task Force review, the Medallion Club and MLS® Awards Rules have been updated.

Links:

Highlights:

  • Deadline of March 31st established for members to move between Individual or Team categories and carry their points earned to date over into the new category
  • Disposition of points earned to date if a member changes categories after the March 31st deadline
  • Disposition of points earned to date if a Team disbands
  • Simplified criteria for qualification for the President’s awards
     

Additional notes:

In the spring of 2021, the Office of the Superintendent, and the Real Estate Council of BC (now integrated with the BC Financial Services Authority) announced that to offer consumers greater protection when working with real estate teams, they were exploring potential regulatory changes to enhance public understanding of real estate team member responsibilities.

Once the outcome of that work is shared with boards, the board will undertake a further review of the Fraser Valley Real Estate Board’s Medallion Club program.
 

Questions:

If you have any questions about the attached changes please contact our Manager of MLS®, Cheryl Camara.

Source: FVREB Communications