BCFSA issued an $8,250 penalty notice after a licensee failed to provide documents proving that rental proceeds and security deposits had been disbursed despite repeated compliance warnings. The amount included a daily penalty for 29 days, showing how failing to demonstrate compliance can multiply regulatory exposure.
Case card
Guo (Re), 2025 BCSRE 14
Source reviewed · Court holding
Held. BCFSA issued an $8,250 penalty notice after a licensee failed to provide documents proving that rental proceeds and security deposits had been disbursed despite repeated compliance warnings.
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