Wednesday, April 27, 2005

Riverbend, Coquitlam: Marion Lochhead Disciplined by Real Estate Council of BC for failing to correctly provide disclosure statement while marketing Riverbend

 

 

REAL ESTATE COUNCIL OF BRITISH COLUMBIA

In the matter of the Real Estate Act

R.S.B.C. 1996, c. 397 As Amended

AND in the matter of a Consent Order pursuant to Section 31 of the Real Estate Act

Respondent:   MARION SHIRLEY LOCHHEAD

File:  141-03

Date of Consent Order:  April 27, 2005

Complaint                 
Breach of section 61(9) of the Real Estate Act  

Issue                         
Marion Shirley Lochhead, Representative, Sutton Group 1st West Realty, Coquitlam breached section 61(9) of the Real Estate Act in that she failed to deliver a copy of the disclosure statement to the prospective buyers and afford them an opportunity to read the disclosure statement, and obtain a receipt from the buyers, acknowledging that they had been afforded the opportunity, prior to the buyers entering into the Contract of Purchase and Sale with the developer. 

Penalty                     
Marion Shirley Lochhead was reprimanded for the breach described above after an Agreed Statement of Facts, Proposed Acceptance of Findings and Waiver was entered into between the Real Estate Council and Ms. Lochhead and a Consent Order was issued.  In addition, as a condition of continued licensing, she is required to successfully complete Chapter 2 (Real Estate Services Act) of the Real Estate Trading Services Licensing Course and pay costs to the Council in the amount of $500. 

P: June 3, 2005 R: June 3, 2006