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Suspension Order
- Licensee
- Stephen Le Sage, Stephen Edward Le Sage
- Brokerage at Time of Sanctioned Activity
- Point Grey Properties Inc.
- Current Brokerage
- Point Grey Properties Inc., Vancouver
- Suspension Order Date
- 30 June 2006
Summary
REAL ESTATE COUNCIL OF BRITISH COLUMBIA
IN THE MATTER OF THE REAL ESTATE SERVICES ACT
AND IN THE MATTER OF
POINT GREY PROPERTIES INC., STEPHEN EDWARD LE SAGE
SUSPENSION ORDER UNDER SECTION 45
ORDER TO HOLD PROPERTY UNDER SECTION 46
Upon reviewing the Affidavit of Lisa Holst, Manager, Accounting and Audit, of the Real Estate Council of British Columbia sworn this 30th day of June, 2006, I am of the opinion that:
- There has been conduct on the part of Point Grey Properties Inc. and Stephen Edward Le Sage, its managing broker, in respect of which a Disciplinary Committee could make an Order under section 43 of the Real Estate Services Act.
- The length of time required to complete an investigation or hold a disciplinary hearing, or both, would be detrimental to the public interest.
I CONSIDER it in the public interest to make an Order under section 45(2) of the Real Estate Services Act suspending the licences of Point Grey Properties Inc. and Stephen Edward Le Sage effective immediately and order that neither the brokerage nor the licensee Stephen Edward Le Sage provide any real estate services to or on behalf of any member of the public and I make the Order accordingly.
FURTHER I consider it in the public interest to make an Order pursuant to section 45(2)(c) of the Real Estate Services Act requiring Point Grey Properties Inc. and Stephen Edward Le Sage to cease all dealings with the brokerage trust accounts, brokerage commission trust account, brokerage general account and any other brokerage accounts currently held at the Bank of Montreal, Broadway and Arbutus Branch, Vancouver, British Columbia until further direction by the Real Estate Council and I make the Order accordingly.
FURTHER I consider it in the public interest to make an Order pursuant to section 46(2)(a) to prohibit the named licensees Point Grey Properties Inc. and Stephen Edward Le Sage from withdrawing any further funds from the brokerage trust accounts, brokerage commission trust account, brokerage general account and any other brokerage accounts currently held at the Bank of Montreal, Broadway and Arbutus Branch, Vancouver, British Columbia until further direction by the Real Estate Council and I make the Order accordingly.
FURTHER I consider it to be in the public interest to make an Order pursuant to section 46(3) requiring Stephen Edward Le Sage, signing officer of the brokerage trust accounts, commission trust account and general account to hold the funds in these accounts until further direction of the Real Estate Council and I make the Order accordingly.
FURTHER I consider it to be in the public interest to make an Order pursuant to section 46(3) requiring the Bank of Montreal, Broadway and Arbutus branch, Vancouver, British Columbia, to hold all trust funds, securities, term deposits, general accounts, and client accounts on deposit for Point Grey Properties Inc. or in the name of Point Grey Properties Inc. until further Order of the Real Estate Council and I make the Order accordingly.
TAKE NOTICE that Point Grey Properties Inc. and/or Stephen Edward Le Sage may, pursuant to section 45(6) of the Real Estate Services Act require a disciplinary hearing to be held by delivering written notice to the Real Estate Council.
Dated at the City of Vancouver, Province of British Columbia this 30th day of June, 2006.
Allan Corbett
Discipline Committee Chair