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: CHRISTOPHER KENNETH SARGENT
File: 09-072
Date of Consent Order: August 2, 2011
Issue: Christopher Kenneth Sargent, managing broker, Rancho Management Services (B.C.) Ltd., Vancouver, entered into a Consent Order with the Council that he committed professional misconduct within the meaning of section 35(1)(a) of the Real Estate Services Act in that, while acting as strata property manager for a strata client, he: (a) contravened section 7-9(9) of the Council Rules in that he failed to ensure that the brokerage promptly transferred control of a term deposit owned by the strata client to the licensee assuming the role of strata property management for the strata client, after the brokerage was terminated as strata property manager for the strata client; and (b) contravened section 3-3(1) and/or 3-4 of the Council Rules in that he failed to use reasonable care and skill on behalf of the strata client in that he failed to transfer the strata client ’s term deposit to the licensee assuming the role of strata property manager in a timely manner.
Result: Christopher Kenneth Sargent was reprimanded, and was ordered to pay a discipline penalty to the Council in the amount of $2,000.00, ordered to successfully complete the Trading Services Remedial Education Course, and pay enforcement expenses to the Council in the amount of $1,000.00.
P: Sep 13, 2011 R: Sep 13, 2012