Former Real Estate Licensee Found to Have Committed Misconduct in Commission Deals Scheme
Following a hearing under the Real Estate Services Act, BCFSA found that from 2016 to 2017, this person created a scheme involving the help of two other real estate licensees for the purpose of increasing commissions on eight real estate transactions in Squamish and Coquitlam.
In addition to findings of deceptive dealing and breaches of duties to clients arising from the scheme, this person also committed professional misconduct by making false or misleading statements to BCFSA while being investigated and instructing one of the licensees to do the same. He worked against the best interests of his clients to obtain higher commission payments than he was entitled to under his listing agreements.
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