REAL ESTATE COUNCIL OF BRITISH COLUMBIA
In the matter of the Real Estate Services Act
S.B.C. 2004 ch. 42
AND in the matter of a Consent Order pursuant to Section 41 of the Real Estate Services Act
Respondent: MOSES MICHAEL CHAO
YORK WEST ASSET MANAGEMENT GROUP (B.C.) INC.
File: 136-06
Date of Consent Order: February 5, 2008
Complaint: Contravention of sections 35, 6(1) and 7(5) of the Real Estate Services Act, and section 3-1 of the Council Rules/Professional misconduct, provision of real estate services by unlicensed individuals, managing broker responsibilities
Issue: York-West Asset Management Group (B.C.) Inc., Vancouver committed professional misconduct within the meaning of section 35 of the Real Estate Services Act in that it contravened section 7(5) of the Real Estate Services Act in that it permitted unlicensed persons to provide strata management services.
Issue: Moses Michael Chao, managing broker, York-West Asset Management Group (B.C.) Inc., Vancouver, committed professional misconduct within the meaning of section 35 of the Real Estate Services Act in that he contravened section 6(1) of the Real Estate Services Act and section 3-1 of the Council Rules in that he permitted unlicensed persons to provide strata management services.
Result: York-West Asset Management Group (B.C.) Ltd. was reprimanded for professional misconduct as described above after an Agreed Statement of Facts, Proposed Acceptance of Findings and Waiver was entered into between the Real Estate Council and York-West Asset Management Group (B.C.) Inc., and a Consent Order was issued. Further, York-West Asset Management Group (B.C.) Ltd. was ordered to pay a discipline penalty to the Council in the amount of $2,500.00 and pay enforcement expenses to the Council in the amount of $750.00.
Result: Moses Michael Chao ’s managing broker ’s licence was suspended for seven (7) days from April 2, 2008 to April 8, 2008 (inclusive) but he is immediately eligible to be licensed as an associate broker or representative during his suspension period for professional misconduct as described above after an Agreed Statement of Facts, Proposed Acceptance of Findings and Waiver was entered into between the Real Estate Council and Moses Michael Chao, and a Consent Order was issued. Further, Moses Michael Chao was ordered to pay a discipline penalty to the Council in the amount of $2,500.00 and pay enforcement expenses to the Council in the amount of $750.00.
P: Mar 11, 2008 R: Mar 11, 2013