Consent Order

Luke Shen Qing Sun has admitted and/or acknowledged he failed to:

1. promptly deliver to the Brokerage the bank draft in the amount of $65,000 representing the deposit payable under the Contract;
2. immediately notify his managing broker that while he had a bank draft representing the deposit for the purchase and sale of the Property, he had not delivered it to the Brokerage pursuant to the terms of the Contract;
3. promptly provide to his managing broker all documentation with respect to the Contract; and
4. keep his managing broker informed of the real estate services being provided and activities being performed with respect to the purchase and sale of the Property, including:
5. acting as buyer's agent for himself as buyer with respect to the Property;
6. deciding to allow the Contract to collapse; and
7. deciding to not deliver the deposit as required by the terms of the Contract.

Results

A discipline committee of the Council has ordered, and Luke Shen Qing Sun has agreed to, the following penalties:

1. license suspension of fourteen (14) days (from: March 20, 2019 to April 3, 2019, inclusive);
2. prohibited from acting as an unlicensed assistant during the time of his license suspension;
3. payment of enforcement expenses of $1,500;
4. successful completion of the REIC2600 Ethics in Business Practice Course; and
5. successful completion of the Real Estate Trading Services Remedial Course.