Vancouver Realtor's misconduct puts spotlight on oversight

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A Vancouver Realtor who allegedly faked contracts and altered prices to avoid a reduced commission on a condo transaction agreed to a consent order with The Real Estate Council of British Columbia, which found he had committed professional misconduct.

But the punishment for the offense — a 120-day suspension and a $1,250 fine — has  a Canadian TV station questioning “Who’s policing dishonest B.C. Realtors?”

In a three-part series, CTV British Columbia found several Realtors involved in similar cases received similar suspensions. A spokeswoman for The Real Estate Council of B.C., which has sanctioned 79 Realtors in the last year, noted that the 22,000 licensees in the province are involved in 70,000 deals each year, and that less than 1 percent result in written complaints. Source: bc.ctvnews.ca.