A discipline committee of the Real Estate Council of British Columbia (the “Council”) accepted the Consent Order Proposal submitted by Vincent Edward Eidsness and Eco-World Property Management Corp. (the “Brokerage”), and found that Vincent Edward Eidsness committed professional misconduct while he was the managing broker of the Brokerage between May 2015 and July 2017, he:
- permitted an unlicensed person (the “Unlicensed Person”) to provide rental property management services on behalf of the Brokerage, although that person was not employed by the Brokerage and these services required licensing under the RESA;
- permitted a licensee of the Brokerage to provide rental property management services when they were not licensed in the appropriate category to provide those services;
- failed to ensure that the Unlicensed Person was not paid by the Brokerage, or to maintain satisfactory records respecting referral fees paid by the Brokerage; and
- failed to ensure that the business of the Brokerage was carried out competently and in accordance with the RESA, regulations, rules and bylaws.
The discipline committee of the Council also found that Eco-World Property Management Corp. committed professional misconduct between May 2015 and July 2017, the Brokerage:
- provided real estate services through an unlicensed person;
- paid remuneration to a person in relation to rental property management services performed for or on behalf of the Brokerage, where the person was required to be licensed in relation to those services but was not; and
- failed to maintain books, accounts, and other records, that would have allowed the Brokerage to identify referral fees paid to an unlicensed person in relation to rental property management earlier and detected unlicensed activity, or to maintain a record of such referral fees in a form approved by the Council.
A discipline committee of the Council has ordered, and Vincent Edward Eidsness and Eco-World Property Management Corp. have agreed to, the following penalties:
- a discipline penalty of $7,500 each to both Vincent Edward Eidsness and Eco-World Property Management Corp;
- enforcement expenses of $1,500 each to both Vincent Edward Eidsness and Eco-World Property Management Corp.;
- successful completion of the Managing Broker Remedial Education Course by Mr. Eidsness; and
- the Brokerage to arrange for an audit of the Brokerage that includes but is not limited to payments to unlicensed persons, to be conducted by staff of the Council no later than August 2020.
Real Estate Services Act
- 25 [Brokerage records] Read more - will open in a new tab
- 35(1)(a) [Misconduct by licensee] Read more - will open in a new tab
- 3(1) [Requirement for licence to provide real estate services] Read more - will open in a new tab
- 5(5) [Licence levels and categories] Read more - will open in a new tab
- 6(2) [Brokerage must have a managing broker] Read more - will open in a new tab
- 7(5)(a) [Relationships between brokerages and other licensees] Read more - will open in a new tab
Real Estate Rules
Full consent order is available as a PDF.