Consent Order

A discipline committee of the Real Estate Council of British Columbia (the "Council") accepted the Consent Order Proposal submitted by Xiao Hong (Cathy) Liu, on her own behalf and on behalf of Cathy Liu Personal Real Estate Corporation, and found that Ms. Liu and Cathy Liu Personal Real Estate Corporation committed professional misconduct when Ms. Liu failed:

1. to take reasonable steps to avoid a conflict of interest when she established an implied client relationship with the buyer of the Property while also in a client relationship with the seller;
2. to act with reasonable care and skill in connection with her knowledge about the title to the Property including when she responded to the buyer's inquiry about the existence of an easement on the Property; and
3. to act with reasonable care and skill when she failed to include a provision in the Contract which addressed the status of an existing tenant at the Property when she knew or ought to have known that there was a tenant at the Property and that the status of the tenant needed to be addressed in the Contract.

Results

A discipline committee of the Council has ordered, and Ms. Liu and Cathy Liu Personal Real Estate Corporation have agreed to, the following penalties:

1. a discipline penalty of $5,000, jointly and severally liable;
2. enforcement expenses of $1,500, jointly and severally liable; and
3. successful completion of the Real Estate Trading Services Remedial Education Course.