Just want to get some feed back. What are they doing right, what are they doing wrong, are they too lax, or are they going in the wrong direction for our industry...Here's your chance to sound off.

I was just at a CIMBL event in Calgary on Monday and it seems as though some of the proposed changes to the Rules and Regs at RECA are positive - i.e. being able to pay a referral fee to unlicensed people - as long as their referral doesn't require them to do anything that they need to be licensed for - is a good change. Do you think the updated / changed wording of that proposal is enough to get it passed this year?

That could REALLY affect the business model of a bunch of brokerages, including mine.

I was disappointed with RECA recently. Back in January I requested a courtesy audit to make sure we're doing things properly - they said they'd book it for March, but they didn't show up and I haven't heard anything since. I guess I'll have to try again.

What do you think of the proposed changes?

It will probably get passed in because there is so much stuff being jammed through.

It is still hard to say whether or not individual items will make it through.

You're not to be dissappointed by RECA, however you proactivity is a plus for you. They are less likely to go out and visit someone who volunteers for an audit than someone who they suspect really needs one.

As far as the proposed changes there are a few that have caught my attention. Such as finger printing new industry members. This will soon roll out to existing members. I'd be interested to know what other industries in the financial services have such requirements. There are some other issues as well but there is some good stuff there too. Maybe I should post my response to the discussion paper. Btw you can post a response to the discussion paper. Your submissions are taken into consideration or at least they used to be.

They cleared me after a CB agent filed a complaint about my business practices (claiming as I was acting as broker without a license). So as far as I'm concerned they're doing a fine job. Except that it took them nearly a year to complete the investigation!

I'm very happy that they told me who filed the complaint (I didn't think they would) so now I know who to ignore next time they call asking for my business.