Which function is carried out by the 11 BC real estate boards?

• A. Runs MLS
• B. Enforces code of ethics
• C. Both runs MLS and enforces code of ethics
• D. Provides financing options

Answer: (C)

Real estate boards in British Columbia handle two main responsibilities for their members: running the MLS and enforcing the code of ethics. The MLS is a cooperative listing service controlled by the boards that collects, standardizes, and shares property listings among member brokerages, making it easier for buyers and agents to search and compare properties. Separately, boards uphold professional standards by adopting a Code of Ethics and Standards of Business Practice, handling complaints, and conducting disciplinary actions to ensure licensees act ethically and professionally. Financing options aren’t provided by the boards; lending comes from lenders like banks or mortgage brokers. Because these boards manage both MLS operations and ethics enforcement, both functions are rightly attributed to them.