Fermat Ventures
  • Home
  • Stocks And Finance
  • Real Estate
  • Cryptocurrency
  • About Fermat Ventures Ltd.
  • en EN
    • zh-CN ZH-CN
    • en EN
No Result
View All Result
Fermat Ventures
  • Home
  • Stocks And Finance
  • Real Estate
  • Cryptocurrency
  • About Fermat Ventures Ltd.
  • en EN
    • zh-CN ZH-CN
    • en EN
No Result
View All Result
Fermat Ventures
No Result
View All Result
Home Real Estate

Realtor accepts $10,000 fine for allowing clients to tour home unsupervised

November 29, 2024
in Real Estate
Reading Time: 2 mins read
0 0
0
Realtor accepts $10,000 fine for allowing clients to tour home unsupervised
Share on FacebookShare on Twitter


A B.C. Realtor has been fined $10,000 for allowing her clients to view a home unsupervised in Maple Ridge.

Nan (Nancy) Wang, a representative with Metro Edge Realty, was disciplined by the BC Financial Services Authority (BCFSA) following an investigation into the 2021 incident. Wang was found to have committed professional misconduct and conduct unbecoming of a licensee under the province’s Real Estate Services Act, according to a consent order issued on Nov. 6, 2024.

What happened?

The misconduct stemmed from a property viewing on Jul. 17, 2021. Rather than attending the showing with her client, Wang gave the client her Sentrilock access card, which allowed them to view the home alone.

After the viewing, the sellers found that both the front and back doors had been left unlocked. When the listing agent confronted Wang about the situation, she initially claimed that the client had been accompanied by an unlicensed assistant who had used the access card. She later admitted this wasn’t true, apologized to the listing agent and sellers and accepted responsibility for her actions.

In a written statement to BCFSA investigators, Wang confirmed the details of the incident, acknowledging that she had allowed the client to view the home without her supervision and apologized for her misconduct.

Professional standards breached

In the consent order, Wang admitted she failed to act in the best interest of her clients by “failing to attend the viewing of the Property to provide her knowledge and advice about the proposed purchase transaction,” failed to act honestly by misleading the listing agent and endangered “the safety of the Property by not being there to ensure it was secured after the viewing.”

Why the fine was reduced

The initial penalty for Wang’s misconduct was $20,000; BCFSA ultimately reduced it to $10,000. This decision took into account several mitigating factors, including her early acknowledgment of the misconduct, her apologies to those involved and her cooperation throughout the investigation. She also completed remedial education.

Wang has been a licensed real estate agent since 2012 and has no record of disciplinary action, according to the consent order. She has three months to pay the fine, and failure to comply could result in her license being suspended or cancelled.



Source link
This article was complied by AI and NOT reviewed by human. More information can be found in our Terms and Conditions.

Tags: AcceptsAllowingClientsFinehomeRealtorTourunsupervised
Previous Post



A new tungsten mine has opened in Korea at a time when the U.S. is actively seeking alternative sources of critical minerals outside of China.

Next Post

CMHC insurance no longer supports homeownership, instead contributing to inflated prices

Related Posts

Richard Silver, Toronto-based Sotheby’s representative, calls on Carney to permit foreign buyers
Real Estate

Richard Silver, Toronto-based Sotheby’s representative, calls on Carney to permit foreign buyers

June 13, 2025
Prairies and Newfoundland & Labrador Dominate Commercial Real Estate in Face of Trade and Economic Challenges
Real Estate

Prairies and Newfoundland & Labrador Dominate Commercial Real Estate in Face of Trade and Economic Challenges

June 13, 2025
As realtors expand across provinces, consumer protection must keep pace
Real Estate

As realtors expand across provinces, consumer protection must keep pace

June 12, 2025
Calgary’s Mackenzie Hare transitions to Royal LePage after brokerage parts ways with Re/Max
Real Estate

Calgary’s Mackenzie Hare transitions to Royal LePage after brokerage parts ways with Re/Max

June 12, 2025
Many Canadians are turning to single-family rentals as homeownership remains out of reach for many.
Real Estate

Many Canadians are turning to single-family rentals as homeownership remains out of reach for many.

June 12, 2025
Toronto and Vancouver face sales and price decreases due to excess condo inventory, reports CMHC
Real Estate

Toronto and Vancouver face sales and price decreases due to excess condo inventory, reports CMHC

June 11, 2025
Next Post
CMHC insurance no longer supports homeownership, instead contributing to inflated prices

CMHC insurance no longer supports homeownership, instead contributing to inflated prices

Expansion of College Football Playoff benefits ESPN and Disney

Expansion of College Football Playoff benefits ESPN and Disney

  • Trending
  • Comments
  • Latest
Engel & Völkers reports strong performance of Canadian luxury real estate in changing market conditions

Engel & Völkers reports strong performance of Canadian luxury real estate in changing market conditions

July 18, 2024
Property Taxes in Canada: Ranking the Most and Least Affordable in 2024

Property Taxes in Canada: Ranking the Most and Least Affordable in 2024

July 2, 2024
CREA introduces the Canadian Realtors Care Award 2025, honoring a decade of community impact recognition

CREA introduces the Canadian Realtors Care Award 2025, honoring a decade of community impact recognition

October 4, 2024
June sees Canadian housing market revival after interest rate cut

June sees Canadian housing market revival after interest rate cut

July 17, 2024
Title Revision: HSBC Elevates UK Stocks, Lowers Canada By Investing.com

Title Revision: HSBC Elevates UK Stocks, Lowers Canada By Investing.com

0
BitGo to Provide Custody Services for Coins in the CoinDesk 20 Index

BitGo to Provide Custody Services for Coins in the CoinDesk 20 Index

0
Analog Devices Soars as Q2 Results and Guidance Surpass Expectations (ADI)

Analog Devices Soars as Q2 Results and Guidance Surpass Expectations (ADI)

0
Firms offering ‘Buy Now, Pay Later’ services must adhere to U.S. credit card laws

Firms offering ‘Buy Now, Pay Later’ services must adhere to U.S. credit card laws

0
Kevin O’Leary Credits His Marriage’s Survival to Working Nonstop While His Kids Were Growing Up

Kevin O’Leary Credits His Marriage’s Survival to Working Nonstop While His Kids Were Growing Up

June 15, 2025
What we have learned from the first fatal Boeing Dreamliner crash

What we have learned from the first fatal Boeing Dreamliner crash

June 14, 2025
CVX, UAL, NOC, RH, and additional stocks

CVX, UAL, NOC, RH, and additional stocks

June 13, 2025
Richard Silver, Toronto-based Sotheby’s representative, calls on Carney to permit foreign buyers

Richard Silver, Toronto-based Sotheby’s representative, calls on Carney to permit foreign buyers

June 13, 2025
Fermat Ventures

Discover the latest in stocks, finance, cryptocurrency, and real estate with Fermat Ventures. Stay informed with expert analysis, timely updates, and comprehensive coverage of the financial markets.

BROWSE BY CATEGORIES

  • Cryptocurrency
  • Real Estate
  • Stocks And Finance
No Result
View All Result

LATEST UPDATES

  • Kevin O’Leary Credits His Marriage’s Survival to Working Nonstop While His Kids Were Growing Up
  • What we have learned from the first fatal Boeing Dreamliner crash
  • About Fermat Ventures Ltd.
  • Disclaimer
  • Privacy Policy
  • Copyright
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Fermat Ventures.
Fermat Ventures is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Fermat Ventures
Disclaimer

The content on this website is for informational purposes only and is not professional advice. By proceeding, you agree that Fermat Ventures Ltd. is not responsible for how you use this information. You also agree to our Privacy Policy, Disclaimer, and Terms and Conditions.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
No Result
View All Result
  • Home
  • Stocks And Finance
  • Real Estate
  • Cryptocurrency
  • About Fermat Ventures Ltd.

Copyright © 2024 Fermat Ventures.
Fermat Ventures is not responsible for the content of external sites.