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Consent Order
- Licensee
- Edward Jang, Edward Gee Ming Jang
- Brokerage at Time of Sanctioned Activity
- Cypress Properties Ltd.
- Current Brokerage
- Cypress Properties Ltd., Vancouver
- Consent Order Date
- 21 July 2008
Summary
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
Complaint: Contravention of sections 35(1) [professional misconduct], 35(1)(d) [incompetence], and 27(1)(a) [payment into trust] of the Real Estate Services Act, section 16(2) [payment into trust] of the former Real Estate Act, and section 9.12(a) of Regulation 75/61 under the former Real Estate Act [negligence or incompetence]
Issue: Edward Gee Ming Jang, currently unlicensed, while licensed as a representative with Cypress Properties Ltd., Vancouver, committed professional misconduct within the meaning of section 35(1) of the Real Estate Services Act in that he:
- failed to promptly pay or deliver all money held or received from, for or on behalf of a principal to the brokerage, contrary to section 16(2) of the former Real Estate Act and/or section 27(1)(a) of the Real Estate Services Act;
- demonstrated negligence or incompetence in that he failed to ensure that all money held or received from, for or on behalf of a principal was promptly paid or delivered to the brokerage, contrary to section 9.12(a) of Regulation 75/61 of the former Real Estate Act; and
- demonstrated incompetence in that he failed to ensure that all money held or received from, for or on behalf of a principal was promptly paid or delivered to the brokerage, contrary to section 35(1)(d) of the Real Estate Services Act.