Globe and Mail: Vancouver real estate firm target of two probes as complaints keep coming

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April 13, 2016 | Kathy Tomlinson and Mike Hager

Quoted from the article:

The process of the board, which metes out its discipline to members in private, is separate from an investigation by the industry’s self-regulator, the Real Estate Council of B.C., which went into high gear last Friday.

Also Wednesday, the opposition housing critic asked police to step in. David Eby, MLA for Vancouver Point Grey, sent a letter asking Vancouver police and Richmond RCMP to open a criminal fraud case.

Mr. Eby wrote that Mr. Wu’s training session likely amounts to “a co-operative, co-ordinated, organized fraud of New Coast Realty clients on a large scale.” Even if no fraud has taken place, the training session amounts to “attempted” fraud and can be prosecuted, Mr. Eby wrote in the letter, which he tabled in the legislature. Mr. Eby says the police must investigate Mr. Wu because, as someone who is not a licensed real estate agent or managing broker, he is not accountable to the real estate council.

Read the full article:

http://www.theglobeandmail.com/news/investigations/bc-real-estate/article29621716/