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: JAMES ALEKSON
TEDFORD REALTY CORPORATION
File: 09-069
Date of Consent Order: January 27, 2010
Issue: Tedford Realty Corporation, Surrey, entered into a Consent Order with the Council in which it consented to an Order that it committed professional misconduct within the meaning of section 35(1)(a) of the Real Estate Services Act by contravening section 7-7(1) of the Council Rules in that it failed to file an Accountant ’s Report with the Council by the prescribed date.
Issue: James Alekson, managing broker, Tedford Realty Corporation, Surrey, entered into a Consent Order with the Council in which he consented to an order that he committed professional misconduct within the meaning of section 35(1)(a) of the Real Estate Services Act in that he: (a) contravened section 35(1)(d) of the Real Estate Services Act by failing to fulfill his responsibilities as managing broker for the performance of the duties imposed on the brokerage by its licence within the meaning of section 6(2)(b) of the Real Estate Services Act; and (b) contravened sections 3-1(1)(a) and (b) and/or 3-1(3) of the Council Rules in that he failed to ensure that the said Accountant ’s Report was filed with the Council by the prescribed date.
Result: Tedford Realty Corporation was suspended for ninety (90) days from February 3, 2010 to May 3, 2010 (inclusive) but that suspension would be terminated if and when Tedford Realty files an Accountant ’s Report which discloses that the brokerage has complied with all of the trust accounting and record keeping requirements of the Real Estate Services Act, its Regulation, Rules and Bylaws, and that the brokerage ’s current and total assets equaled or exceeded the current and total liabilities respectively. If the Accountant ’s Report is received by February 3, 2010, Tedford Realty Corporation will be reprimanded. If the Accountant ’s Report is not received by May 3, 2010, then the licence of Tedford Realty Corporation will be cancelled.
Result: James Alekson was suspended for fourteen (14) days from March 17, 2010 to March 30, 2010.
Result: Further, Tedford Realty Corporation and James Alekson were jointly and severally liable to pay enforcement expenses to the Council in the amount of $1,000.00.
P: Feb 10, 2010 R: Feb 10, 2015