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REAL ESTATE COUNCIL OF BRITISH COLUMBIA DISCIPLINE DECISION

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:  Jackson Hing Yu Lai

File:  13-019

Date of Consent Order:  December 30, 2014

Issue: Jackson Hing Yu Lai, representative, Multiple Realty Ltd. (Rhmd), Richmond, 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, on behalf of the owners of a property located in Richmond, BC, he:

(a) contrary to sections 7(3)(a) and 3(1)(a) of the Real Estate Services Act, from January 2012 to July 2013, provided rental property management services to the owners of the property, other than on behalf of the brokerage to which he was licensed, and while he was not licensed to provide rental property management services and without complying with the exemptions set out in section 9-1 and 9-2 of the Council Rules;

(b) contrary to section 27(1)(a) of the Real Estate Services Act, failed to promptly pay or deliver all money held or received from, for or on behalf of a principal, in relation to real estate services to the brokerage; and

(c) contrary to sections 3-2(1) and 3-2(2) of the Council Rules, failed to promptly provide to his managing broker the original or a copy of all records in respect of the rental property management services he provided on behalf of the owners of the property and failed to keep his managing broker informed of the rental property management services he provided on behalf of the owners of the property.

Result: Jackson Hing Yu Lai was subject to an Order of a discipline committee that he: (a) be suspended for fourteen (14) days, from February 4, 2015 to February 17, 2015 inclusive; (b) at his own expense, register for and successfully complete the Real Estate Trading Services Remedial Education Course; and (c) pay enforcement expenses to the Council in the amount of $1,250.00.

 P: January 30, 2015 R: January 30, 2020