A discipline committee of the Real Estate Council of British Columbia (the “Council”) accepted the Consent Order Proposal submitted by For Cheung Philip Lau and found that Mr. Lau committed professional misconduct when he:
- failed to disclose the nature of the representation he would be providing to his client, the complainant;
- failed to act in the best interests of the complainant when he failed to:
- explain the content of the Contract of Purchase and Sale, specifically the restrictions on assignment of the contract;
- properly explain the $30,000 price adjustment that was promised to the complainant;
- go through with the complainant and explain all forms related to the complainant’s purchase of the property in detail;
- created a multiple listing contract between his brokerage and the complainant to list the property without the complainant’s clear instructions and understanding and/or express authorization and used this contract to list the property on the MLS;
- failed to disclose to the complainant the source and amount of remuneration anticipated as a result of providing real estate services; and
- failed to deliver a copy of the accepted contract to his brokerage.
A discipline committee of the Council has ordered, and Mr. Lau has agreed to, the following penalties:
- a suspension of 45 days, from March 11, 2020 to April 24, 2020 inclusive;
- a discipline penalty of $4,000;
- enforcement expenses of $1,500;
- successful completion of the Real Estate Trading Services Remedial Education Course; and
- successful completion of the REIC2600 Ethics in Business Practice Course.
Real Estate Services Act
- 35(1)(a) [Misconduct by licensee] Read more - will open in a new tab
Real Estate Rules
- 3-3(a) and (b) [Duties to clients] Read more
Full consent order is available as a PDF.