The Real Estate Council of B.C. issued an urgent order this week

South Surrey brokerage shutdown sidelines nearly 70 real estate agents

Real Estate Council of B.C. says licence suspension of South Surrey's 8th Avenue Elite Realty Ltd. is "in the public interest"

A South Surrey brokerage firm has had its licence suspended “in the public interest,” after allegedly failing to account for monies entrusted to them by clients.

A news release issued Thursday by the Real Estate Council of B.C. indicates the suspension levied against 8th Avenue Elite Realty Ltd. took effect two days earlier and remains in effect “until further notice.”

“8th Avenue Elite Realty Ltd. is prohibited from providing real estate services to or on behalf of any member of the public as a result of this order,” the release states.

The order was issued under Sec. 45 of the Real Estate Services Act, which pertains to orders issued in “urgent circumstances.”

Marilee Peters, communications officer for the provincial regulatory agency, told Peace Arch News Thursday that she could not disclose when investigation into the brokerage began, the value of monies unaccounted for or the number of clients affected.

She did say that such orders are “fortunately, a rare occurrence.”

Peters said “slightly less than 70” real estate agents were licensed under 8th Avenue, which was operating out of Morgan Creek Corporate Centre, at 210-15252 32 Ave.

“Because the brokerage’s licence has been suspended, their licence is inoperative,” Peters said of the associated agents.

However, the disciplinary step does not prevent those agents from transferring their licence to another brokerage.

Efforts to contact officials at 8th Avenue were unsuccessful. The business’s website has been taken down, the second-floor office is dark and calls to the phone number listed for contact are met with a busy signal.

A note posted on the brokerage’s Facebook page Aug. 25 appeals for information on the whereabouts of two individuals.

“The staff has left and the commission cheques are not being paid!” writes Julia Greene. “Please contact the Real Estate Council if you know anything…”

According to the Facebook page, the “real estate brokerage and real estate education center” opened on Jan. 11, 2013, offering “a new brand in real estate.”

“8th Avenue strives to be modern, trendy, professional, connected, and provide leading edge technology to its agents to provide customers with results they deserve.”

Peters said the council is “working very hard” on the case, but she could not predict how long the investigation might take.

“Every case is different and depending on the complexity of the matters at hand, it’s very hard to determine what timeframe it’ll need,” she said.

Concerned clients may contact the council at 604-683-9664.

Just Posted

Metamorphosis returns to White Rock’s Memorial Park

Joan Miriam Adams’ sculpture more prominently displayed on waterfront

Senator speaks to South Surrey students

Yonah Martin visited Earl Marriott Secondary on Jan. 16

Tardi earns first victory in quest for third national title

A Langley-based junior curling team is in Prince Albert, Sask. for the Canadian championships.

VIDEO: Surrey-based business wants customers to ‘Eat the Dishes’

New business plans to be one of the ongoing vendors at KPU’s new winter market

Surrey hunter fined $10,000 after shooting a bull moose and leaving it to die

The man was convicted for three Wildlife Act offences after shooting a bull moose not in season

VIDEO: Students in MAGA hats mock Native American at Indigenous Peoples March

Diocese in Kentucky says it is investigating the matter, caught on video by onlookers

Want to avoid the speculation tax on your vacant home? Rent it out, Horgan says

Premier John Horgan and Sheila Malcolmson say speculation and vacancy tax addresses homelessness

CONSUMER REPORT: What to buy each month in 2019 to save money

Resolve to buy all of the things you want and need, but pay less money for them

UPDATE: B.C. woman and boy, 6, found safe, RCMP confirm

Roseanne Supernault says both she and her six-year-old nephew are fine and she has contacted police

PHOTOS: Women’s Marches take to the streets across B.C. and beyond

Women and allies marched worldwide protesting violence against women, calling for equality

VIDEO: Giants wrap southern swing with 6-4 win in Spokane

The Lower Mainland-based hockey team defeated the Chiefs Friday night.

Anxiety in Alaska as endless aftershocks rattle residents

Seismologists expect the temblors to continue for months, although the frequency has lessened

Women’s March returns across the U.S. amid shutdown and controversy

The original march in 2017, the day after President Donald Trump’s inauguration, drew hundreds of thousands of people

Federal Liberals announce former B.C. MLA as new candidate in byelection

Richard Lee will face off against federal NDP leader Jagmeet Singh

Most Read

l -->