SummaryThe Office of the Superintendent of Real Estate filed an appeal with the Financial Services Tribunal (FST). Mr. Liberatore’s penalty is automatically stayed by the appeal. That is, the penalty imposed will not take effect until the resolution of the appeal or until further notice.
A discipline committee of the Real Estate Council of British Columbia (the “Council”) accepted the Consent Order Proposal submitted by Joseph John Liberatore, and found that Mr. Liberatore committed professional misconduct when while acting as the buyer’s agent in the sale of a property in or about October and November 2016, he failed to ascertain and advise his client that the building in which the property was located had suffered substantial water ingress damage, before the buyer entered a contract for the purchase of the property.
A discipline committee of the Council has ordered, and Mr. Liberatore has agreed to, the following penalties:
- a discipline penalty of $5,000;
- enforcement expenses of $1,500; and
- successful completion of the Real Estate Trading Services Remedial Education Course.
Real Estate Services Act
- 35(1)(a) [Misconduct by licensee] Read more
Real Estate Rules
Full consent order is available as a PDF.