BC Financial Services Authority imposed $2,750 in administrative penalties after real estate licensee Solat Toosi failed to answer an investigation letter and a subsequent noncompliance warning, with a $1,000 base penalty and $250 for each of seven additional days. A timely reconsideration request could raise due diligence or other circumstances, but without one the licensee would be deemed to acknowledge the contraventions, demonstrating how silence during a regulatory investigation can have escalating financial consequences.
Case card
Toosi (Re), 2025 BCSRE 79
Source reviewed · Court holding
Held. BC Financial Services Authority imposed $2,750 in administrative penalties after real estate licensee Solat Toosi failed to answer an investigation letter and a subsequent noncompliance warning, with a $1,000 base penalty and $250 for each of…
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