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Consent Order
- Licensee
- Alexander Moses, Alexander Oghogho Moses
- Brokerage at Time of Sanctioned Activity
- Current Brokerage
- Coldwell Banker Universe Realty, Surrey
- Consent Order Date
Summary
During an Office and Records inspections at Coldwell Banker Universe Realty, Council auditors observed deficiencies in the brokerage's trust accounting.
Alexander Oghogho Moses allowed unidentified amounts to be recorded in the brokerage commission trust ledger. This was a failure to ensure that the brokerage prepared and maintained financial records as required by the Real Estate Services Act and Rules.
Mr. Moses failed to ensure that the brokerage prepared a detailed breakdown of the trust liability listing for the commission trust account.
He failed to ensure that the brokerage reconciled the trust and commission trust accounts.
Mr. Moses' actions contravened sections 3-1(1), 3-1(3)(a), and 3-1(3)(b) of the Rules.
Results
A discipline committee of the Council has ordered the following:
- Mr. Moses is reprimanded, and must pay a discipline penalty of $1,500.00 to the Council.
- Mr. Moses must pay enforcement expenses of $1,500.00 to the Council.
*Please note the dba in the consent order is incorrect.