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British Columbia Real Estate Agent Suspended and Fined for Buying and Renting Affordable Housing Unit

British Columbia Real Estate Agent Suspended and Fined for Buying and Renting Affordable Housing Unit

by Phil Hall | Aug 31, 2026 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A real estate agent in Victoria, British Columbia, had his license suspended for six months and was fined $200,000 for violating rules related to a provincial affordable homeownership program. Castanet.com reports the British Columbia Financial Services Authority...
British Columbia Realtor Fined for Loan to Clients to Buy Property He Was Selling

British Columbia Realtor Fined for Loan to Clients to Buy Property He Was Selling

by Phil Hall | May 27, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A British Columbia realtor was fined $15,000 for loaning money to his clients so they could buy a house he was selling. The British Columbia Financial Services Authority (BCFSA) determined that Pardeep Singh Sandhu ran afoul of the provincial Real Estate Services...
5 Consent Orders Tied to Unregistered British Columbia Mortgage Broker

5 Consent Orders Tied to Unregistered British Columbia Mortgage Broker

by Phil Hall | Mar 17, 2025 | International Real Estate News, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The British Columbia Financial Services Authority (BCFSA) issued five consent orders to individuals who committed professional misconduct by engaging in business with an unregistered mortgage broker named Jay Kanth Chaudhary. BFCSA conducted a multi-year investigation...
Unregistered Mortgage Broker Fined $33,000 by British Columbia Regulator

Unregistered Mortgage Broker Fined $33,000 by British Columbia Regulator

by Phil Hall | Sep 13, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The British Columbia Financial Services Authority (BCFSA) has ordered Charles Funaro and his companies 0643025 B.C. Ltd. and CAD Investments Ltd. to pay a joint administrative penalty of $30,000 for conducting business as a mortgage broker or submortgage broker...
Vancouver Broker Loses License, Fined $110K for Real Estate Fraud

Vancouver Broker Loses License, Fined $110K for Real Estate Fraud

by Phil Hall | Jul 29, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The British Columbia Financial Services Authority (BCFSA) has disciplined a Vancouver real estate broker and her personal company for professional misconduct involving an investor client. According to BCFCA, between 2018 and 2020 Wendy Mills approached a former client...
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