The Real Estate Council of BC (RECBC) ordered the cancellation of the real estate licence of Mr. Shahin Behroyan of Behroyan & Associates Real Estate Services Ltd., following a penalty reconsideration ordered by the Financial Services Tribunal (FST).
On April 23, 2020 Mr. Behroyan filed an appeal with the FST regarding the cancellation of his licence. Mr. Behroyan’s penalty was automatically stayed by the appeal pending any contrary decision by the FST.
By order dated September 11, 2020, the FST granted the application of RECBC, filed May 4, 2020, to lift the automatic stay of penalty. Effective immediately, Mr. Behroyan’s licence is cancelled and he is thereby prohibited from providing real estate services to or on behalf of any member of the public.
Following a liability hearing in 2017, an RECBC discipline committee determined Mr. Behroyan committed professional misconduct and engaged in deceptive dealings. RECBC subsequently issued disciplinary orders including the suspension of Mr. Behroyan’s licence for one year. Mr. Behroyan and the Superintendent of Real Estate appealed the decision to the FST, which ordered that a new RECBC discipline committee panel reconsider the sanctions.
On March 24, 2020, a discipline committee of the Real Estate Council of British Columbia ordered in its decision regarding penalty as follows:
- Cancellation of Mr. Behroyan’s licence.
- Mr. Behroyan is prohibited from applying for a licence for a period of five years, and until after Mr. Behroyan has paid enforcement expenses ordered by the discipline committee.
- Mr. Behroyan must pay enforcement expenses to the Council of $50,000 CAD, due sixty (60) days from the date of this decision.