by Jordana Springgay | Feb 18, 2025 | Legal Issues
Menethil Properties Ltd., and its director, Yu “David” Song, are once again under fire. This time, the British Columbia Financial Services Authority (BCFSA) has ordered the Kelowna, B.C.-based rental property brokerage to halt operations following the suspension of...
by Mike Murphy | Feb 11, 2025 | Legal Issues, News
The recent Sitzer/Burnett v. National Association of Realtors (NAR) case in the U.S. has forced significant changes in how buyer agents receive commissions. NAR settled the case to avoid an “existential” financial threat (more than $5-billion), agreeing to remove...
by James R.G. Cook | Feb 7, 2025 | Legal Issues
In addition to acting on purchases and sales, real estate agents may be engaged to find tenants for their clients. The services provided in this regard can include listing the rental property and vetting potential tenants. If a tenant found through the listing...
by Jordana Springgay | Feb 6, 2025 | Legal Issues
Mike Banks (Source: Facebook) An Edmonton Realtor has been hit with a one-month license suspension and fined $21,000 after being found guilty of misconduct by the Real Estate Council of Alberta (RECA). According to the decision dated Jan. 17, Micheal “Mike” Cordell...
by Peace Penzi | Jan 31, 2025 | Legal Issues
In real estate disputes, where the property often represents a person’s most significant financial investment, the stakes are undeniably high. When transactions fall through or contracts are breached, the financial and emotional toll can be significant. To make...
by Jordana Springgay | Jan 20, 2025 | Legal Issues
Alan Hu/pacificevergreenrealty.com The Supreme Court of British Columbia has ordered Alan Hu, a Surrey-based Realtor, to surrender his profits from the sale of a $3.35-million property after breaching his fiduciary duty to a client. According to a court decision...
