BC Financial Services Authority accepted a consent order finding that Peter Ho Chiu Chu and 168 Rock Solid Homes Ltd. provided unlicensed rental property management across at least 31 properties, including services provided without immediate fees but in expectation of future remuneration. The respondents were ordered jointly and severally to pay a $75,000 penalty and $5,000 in investigative costs and to stop the activity, showing why postponing payment doesn't avoid real estate licensing obligations.
Case card
Chu (Re), 2025 BCSRE 80
Source reviewed · Court holding
Held. The respondents were ordered jointly and severally to pay a $75,000 penalty and $5,000 in investigative costs and to stop the activity, showing why postponing payment doesn't avoid real estate licensing obligations.
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