Consumer Guide 2015 mbabc.ca | 23
in the financial sector is its collaborative
relationship with its regulator, FICOM.
When asked to qualify its own
relationship with other industry players,
FICOM said in a written statement that,
"[FICOM] works closely with a range of
partners including industry associations,
other real estate and financial regulators,
law enforcement, education providers,
and the public. Our office places great
importance on these relationships."
Industry associations MBABC and
MBIBC also place great importance on their
relationships with FICOM, says MBABC/
MBIBC CEO Samantha Gale and MBIBC
president Rob Regan-Pollock.
"It's all about communication," says Gale.
"The more we communicate our important
issues, consumer issues for example, the
better able we are to represent our industry
and for the regulator to act on those issues."
Regan-Pollock says B.C. was the first
Canadian province to regulate mortgage
brokers and has the best reputation and
lowest incidence of fraud in the country.
•
B.C. has one
of the highest
licensing standards
for mortgage
brokers in Canada.
