Consent Order

Mr. Cochrane, while licensed with RE/MAX Alliance, committed professional misconduct while acting as a buyer's agent in the purchase of a property in North Saanich which was a new home built by an owner-builder. In particular he:

1. failed to ensure that the buyers received a copy of a disclosure notice prior to making an offer of purchase and sale, which stated whether the property was built under an Owner Builder Authorization and whether the property was covered by a policy of home warranty insurance; and
2. failed to immediately notify his managing broker that the deposit was not received into the brokerage's trust account on the date indicated in the contract.

Contraventions Real Estate Services Act

• 35(1)(a) [Misconduct by licensee]

Rules

• 3-2(2)(b) [Associate brokerage and representative responsibilities]
• 3-4 [Duty to act with reasonable care and skill]

Results

A discipline committee of the Council has ordered the following:

1. Mr. Cochrane is reprimanded and must pay a discipline penalty of $4,000 to the Council.
2. Mr. Cochrane must pay enforcement expenses of $1,500 to the Council.
3. At his own expense, Mr. Cochrane must complete the Real Estate Trading Services Remedial Education Course.
4. At his own expense, Mr. Cochrane must complete the course: Homeowner Protection Act: Protect Your Sellers and Yourself Course.

As Mr. Cochrane has a personal real estate corporation, the licence of Chris Cochrane Personal Real Estate Corporation is also reprimanded and equally responsible for paying the discipline penalty and enforcement expenses.