Consent Order

A discipline committee of the Real Estate Council of British Columbia (the "Council") accepted the Consent Order Proposal submitted by Amir Soltani, and found that Mr. Soltani committed professional misconduct when he:

1. provided real estate services outside of or other than on behalf of the brokerage in relation to which he was licensed;
2. failed to provide disclosure, before providing trading services to either the Buyer or the assignees, that he was not offering any representation to any party;
3. failed to keep his managing broker informed of the real estate services he was providing;
4. failed to promptly provide to his managing broker the original or a copy of the trading records;
5. failed to advise the Buyer to seek independent professional advice on family law or tax matters outside his expertise when he knew the Buyer wanted to sell the Unit while divorcing, and the proceeds of sale were directed to a third party; and
6. failed to act honestly and with reasonable care and skill, when he assisted the Buyer to dispose of the Unit, in the course of a divorce, without any reasonable inquiry about the spouse's interest, if any, in the Unit.

Results

A discipline committee of the Council has ordered, and Mr. Soltani has agreed to, the following penalties:

1. a reprimand;
2. a discipline penalty of $6,000;
3. enforcement expenses of $1,500; and
4. successful completion of the Real Estate Trading Services Remedial Education Course.