The Vendor is required to provide review of real estate council services.
• Assess adherence to principles and standards of good governance, code of conduct and ethical practices by board and industry council members, and employees.
• Evaluate effectiveness of how responsibilities and accountabilities set out in legislation, regulations, and bylaws are carried out.
• Evaluate the effectiveness of 2020 changes to the real estate act and regulations to improve governance and clarity of roles and responsibilities.
• Evaluate the effectiveness of agency governance model, its functioning, dynamics and challenges, including board and industry council understanding of roles, responsibilities, and mandate.
• Assess the adequacy and effectiveness of expertise, resources and support provided to the board of directors and industry councils to carry out their roles.
• Assess whether board and industry council members are clear on their mandates and the implications of their decisions.
• Evaluate board and industry council effectiveness as governors, including decision making processes, frequency of meetings, mechanisms to ensure informed decision making.
• Evaluate how agency board and industry councils ensure the functions and operations of agency are focused on the core mandate of licensing and regulation.
• Assess the content, application, compliance with and effectiveness of bylaws, policies and procedures that set the framework for how the organization operates.
• Evaluate how and when the board and industry councils delegate authorities to board committees, administration, etc. and how those authorities are carried out.
• Evaluate how responsibilities for accountability and oversight are carried out, particularly for the key roles of executive director, registrar, and board chair, board of directors and industry councils as set out in the legislation.
• Evaluate processes followed to make appointments to the state real estate foundation, selection of board or industry council committee membership, etc.
• Review educational requirements for each class of license to ensure the courses align with industry standards, market demands, and demonstrate required competencies.
• Review budgeting and fee structures, appropriateness of cost models, and approaches to ensure transparency to board and industry council members and, where appropriate, and stakeholders.
• Review administration and performance of the assurance fund, including financing, operations, and release of funds.
• Review public communication standards and strategies with licensees, including print and online media for accuracy and compliance.
- Contract Period/Term: 3 years