A British Columbia real estate professional discovers they failed to verify a client's identity before completing a transaction six months ago. What is the most appropriate course of action under BCFSA regulations?
Correct Answer
B) Self-report the violation to BCFSA and implement corrective measures
Professional self-reporting of compliance violations demonstrates integrity and allows for appropriate corrective action. BCFSA regulations encourage proactive disclosure of violations rather than waiting for discovery during audits.
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